Flat for sale in Whingate Mill, Leeds, West Yorkshire LS12
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Property features
- For sale by auction on the 15th May 2024
- Guide price £45,000 +
- One bedroom tenanted apartment
- Currently generating £6,299.88 per annum
- Great addition to an investors portfolio
- Council Tax band A - EPC rating D
Property description
One bedroom ground floor apartment with communal parking offered for sale via auction. The property is currently tenanted generating a gross rental income of £6,299.88 per annum which reflects just under a 14% gross yield return based on the guide price. This would make a great addition to a rental portfolio.
Whingate Mill is positioned for easy access to all that Leeds city centre has to offer, from a wide variety of shops, restaurants, and bars, to cultural attractions like museums and galleries. Additionally, residents can enjoy a range of local amenities just a short walk away, including parks, supermarkets, and other essential shops.
The vendor has advised the below leasehold information:
Length of lease: 125 years from 1st January 2016.
Service Charge: £1,232.50 per annum
Ground Rent: £200
The Vendor would consider pre-auction offers.
A 21 day completion applies to this lot.
Accommodation
Ground Floor
Hallway, lounge/kitchen area and shower room.
Externally
Communal parking area
Additional Information
Council Tax
Leeds city council - Band A
Tenure
Leasehold
Disclaimer
Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Charges And Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
For more information about this property, please contact
Auction House West Yorkshire, LS16 on +44 113 427 6118 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House West Yorkshire, and do not constitute property particulars. Please contact Auction House West Yorkshire for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.