11 bed end terrace house for sale

St. Martins Terrace, Leeds, West Yorkshire LS7

This is a rare opportunity to acquire such a large, ready-made investment and it’s to be sold via traditional auction on the 21st October. The same vendors have owned this since the 1980’s and are only selling due to retirement. This end terraced house comprises 11 bedsits (all with master key system), each room offers kitchen facilities and a shower, with shared bathrooms and laundry facilities. It’s fully tenanted with young professionals and mature students and has a strong letting history, and has been 100% let for the last 5 years. It’s generating a substantial income, with the gross rent at £92,716pa (net rent £79,735pa). Bills are included in the rents and cover Wi-Fi, tenants' belongings insurance, electricity, gas, water, whilst the landlord is responsible for council tax. The property benefits CCTV (included in sale), large front and rear gardens, plus three off-street parking spaces to the rear.
All relevant certifications are available within the legal pack, including the HMO licence, eicr’s, gas safety checks and the fire safety certificate.

It’s located within Chapel Allerton, which is a popular suburb to the north of Leeds city Centre. It’s conveniently located next to Chapel Allerton Hospital, whilst shops, supermarkets and schools are within walking distance. There are regular bus routes outside the property into Leeds, making it popular with commuters.

Please note this is a 6-week completion.

Accommodation

Lower Ground Floor

Room 10, Room 11, storage and communal wc.

Ground Floor

Room 1,2 and 3.

First Floor

Room 4,5 and 6, laundry room, communal wc and bathroom.

Second Floor

Room 7,8 and 9.

Externally

Front and rear garden, off street parking at rear for 3 cars.

Additional Information

Council Tax

Band E.

EPC

See legal pack
Ratings - C, C, D, C, D, D, C, D, C, C, C.

Tenure

Freehold.

Charges & Payments

In addition to the deposit
Administration Charge: 1.5% inc VAT of the purchase price subject to a minimum of £2,100 inc VAT.
Searches £360 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.