This spacious end terrace split into 6 studio apartments is offered for sale via traditional auction. The property is currently fully occupied generating a gross rental income of £48,456 per annum which reflects a 24.85% yield return based on the guide price. This property would make a great addition to a rental portfolio.
The property is located in Beeston, 1.5 miles south of Leeds and is also conveniently located for local shopping, the White Rose Shopping Centre, Leeds city centre and motorway networks.
Interested parties should be aware that a prohibition notice has been served on the property which stipulates each apartment can only be occupied by a single occupant. Based on the current tenancy agreements, this obligation is currently being complied with. Buyers are advised to do their own research in this regard.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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