4 bed terraced house for sale

Flats 1-4, 112 Lady Pit Lane, Leeds, West Yorkshire LS11

This substantial through terrace property was converted into four self-contained one bedroom flats over 25 years ago. At present, three are let (with no arrears at the time of writing) and generating an annual income of £24,233 however, this is likely to increase to £32,310 when the final flat is let. Based on the quoted guide price this equates to an impressive potential return of 23%! Each flat has been refurbished in the last 4 years and has its own coin operated electric meter. The flats are all separately rated for council tax.

The property is located in Beeston, south Leeds, an area that remains incredibly popular with investors with the city centre just over a mile away.

We have been unable to inspect the property to date but hope to add internal photographs and a floor plan soon. Number 110 next door is also available to buy in this auction.

Accommodation

Additional Information

Council Tax

Band A.

EPC

Ground Floor flat - Rating D
First Floor flat - Rating D
Second Floor flat - Rating E
Flat 3 Flat - Rating E

Tenure

Freehold.

Charges & Payments

In addition to the deposit
Administration Charge: 1.2% 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.