Flat for sale in Whingate Mill, Leeds, West Yorkshire LS12

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.