Studio for sale in Lovell Park Hill, Leeds LS7

Summary

We are delighted to bring to the market this modern high spec studio apartment in purpose built Student Accommodation in Leeds. Situated in an excellent position, close to the City Centre and adjacent to the greenery of Lovell Park, these well maintained apartments are a popular choice with Leeds students.

This delightful studio flat is currently rented at 150 per week, with the current tenancy running from the 1st September 2023 to 18th July 2024 at 150 per week, giving a gross yield of 15.6%. Apartments are available to be rented for 45 weeks or 51 weeks through the year.

The apartment offers cleverly configured space for the modern tenant to benefit from independence and privacy. Entering into a contemporary kitchen area which boasts electric hob, sink and drainer, fridge, microwave and ample cupboard space. The property then opens into the bedroom/living space, home to a double bed, TV, desk and wardrobe. The large window allows light to flood the room giving a light and airy feel. There is a modern ensuite bathroom which includes a wash basin, WC and walk in shower cubicle.

This popular development offers well maintained communal areas and also benefits from: Wifi, on-site maintenance, bike storage, laundry room, games room, vending machine, CCTV, secure entry system and car parking.

Managed by Primo Property Management
Service Charge 1321 pa
Ground Rent - 350 pa

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 138
Annual Ground Rent Amount: 350.00
Annual Service Charge Amount: 1,321.00

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.