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Property Listing Details

Studio for sale

The Pavilion, St. Michaels Lane, Leeds LS6

  • New home

£79,950

Features

  • 1 bathroom
  • 1 reception room
  • Great investment opportunity
  • Guaranteed net annual income of £6,000 for 3 years from 2015
  • Brand new development
  • Prime student location
  • On-site gym
  • Rooftop terrace

Description

Summary Let Leeds is pleased to offer for sale this self-contained studio apartment in a newly built development in a prime location close to Headingley Stadium.

The studio is well located for both the student and professional lettings markets and currently return a very healthy 7.5% gross annual yield.

Location Situated opposite Headingley stadium on St Michaels Lane, within a short walk to transport links and the vast wealth of local shops, bars and restaurants Headingley has to offer.

The location is fantastic for both students studying at the universities and young professionals commuting to the City Centre.

The development The Pavilion is a purpose built development comprising of 44 luxury studio apartments. The development was completed in Nov 2015 and is now fully let to a mixture of student and professional tenants.

The Pavilion development has some excellent features which really distinguish this building, such as a fantastic communal roof terrace overlooking the cricket ground, a common room with large sofas and huge LED TV, communal gardens, a free to use on-site gym and a handy laundry room.

Tenants feel extremely secure within the building as there are on site staff and secure key fob access systems. The property also benefits from disabled access, disabled toilets and lift.

Each apartment is extremely spacious and is provided furnished. The apartments each have their own kitchenette and en-suite shower room.

Studio: Larger than average studio, located on the ground floor. This studio comprises of an excellent sized sleeping / living / cooking area as well as study area. With white fitted base and wall units the kitchenette includes an integrated fridge and 2 ring ceramic hob. A modern en-suite bathroom, partially tiled and neutrally decorated with large inset shower, basin and WC.

Investor information Leasehold - 125 years from November 2015

Ground Rent: £350.00 pa per unit

Gross Annual Income: £6,000 for 3 years starting November 2015.

The studio is fully let and managed by a quality management operator. The properties are currently tenanted therefore viewing is strictly by appointment only. Please me mindful that we will need to give the Tenants 48 hours notice of a viewing.

*Please note photos used in this advert are of other units within the development but are of a similar standard and layout*

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Spring Bank Primary School 0.2 miles
  • Brudenell Primary School 0.4 miles
  • Burley Park 0.3 miles
  • Headingley 0.6 miles

Price history

Sold prices provided by Land Registry
23rd Sep 2017 £79,950 First listed

Running costs

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These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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Property descriptions and related information displayed on this page are marketing materials provided by Let-Leeds.com. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Let-Leeds.com for full details and further information.