Flat for sale in Wycliffe Drive, Leeds, West Yorkshire LS17

A two-bedroom first floor apartment offered for sale via auction. The property is currently tenanted generating a gross rental income of £7,620 per annum and would make a great addition to a rental portfolio. A refurbished unit in the development was marketed for rent in September 2023 for £850 per month.

Located in the sought after LS17 postcode close to local amenities and major transport links to the City Centre and Harrogate.

Leasehold Information:
Length - 99 years from January 1981
Ground rent - £50 per annum.
No service charge.

As the lease is quite short, the successful bidder will be given the option of requiring the seller, at the buyer’s expense, to serve a notice under section 42 of the Leasehold Reform, Urban and Development Act 1993, and that if a buyer does require such a notice to be served, the seller will assign the benefit of the notice prior to completion. The premium to be inserted in the notice will be in accordance with online leasehold calculators. The benefit of a buyer taking up this option means that they do not have to wait for the statutory period of two years before being able to serve a notice themselves, and with just 57 years to go, every year that goes by increases the proposed premium.

Please note that this property is being sold by a member of staff at Auction House or a staff member's family or an associate and will be sold as seen.

Accommodation

Ground Floor

Communal entrance hall and stairs.

First Floor

Lounge, kitchen, two bedrooms and a bathroom

Additional Information

Council Tax

Leeds City Council - Band B

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.
Searches: £300 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.