Studio for sale

East Street, Leeds LS9

Summary

Situated within the Grade II listed East Street Mills development, this ground floor studio apartment combines original industrial features with a convenient location close to Leeds city centre.

East Street Mills is a former textile and flax mill of red brick construction, retaining many original architectural features. The apartment reflects the building's industrial heritage with exposed original brickwork, high ceilings and large feature windows, together with an open-plan studio layout.

The accommodation is presented in good condition throughout and is offered with vacant possession, making it an attractive option for investors and cash buyers. The property has a potential rental income of approximately 725 per calendar month and benefits from a reasonable service charge.

The property is conveniently positioned for Leeds city centre, with Leeds Dock, Brewery Wharf and The Calls all nearby. These popular areas provide a good selection of restaurants, bars and leisure facilities, together with attractive waterside surroundings.

Worsted house Situated within a gated development, with a communal entrance providing individual residents' mailboxes.

Hallway 7' 8" x 3' 10" (2.35m x 1.19m) Entrance hallway with wood-effect flooring and a useful storage cupboard housing the hot water cylinder.

Open plan living / bedroom area 16' 2" x 10' 10" (4.95m x 3.32m) Spacious open-plan living and bedroom area featuring exposed brickwork, spot lighting, double-glazed windows and two electric heaters.

Kitchen 9' 5" x 7' 3" (2.89m x 2.23m) Fitted kitchen with a range of wall and base units, work surfaces and integrated electric oven, hob, fridge with freezer compartment and washer/dryer.

Shower room Modern shower room comprising a shower enclosure, wash hand basin and WC, with spot lighting and a heated towel rail.

Council Tax Band: B
Tenure: Leasehold
Annual Ground Rent Amount: 250.00
Annual Service Charge Amount: 792.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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.

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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.