This substantial terrace in Armley, located two miles west of Leeds city centre, is sure to appeal to those looking for a high yielding investment. The property has been an HMO for many years and currently has a licence for eight people and is generating an income of £33,155 per annum. This equates to a return in excess of 15% based on the guide price. There are 2 x self-contained flats on the top floor and six rooms with their own kitchen facilities and use of various communal bathrooms/shower rooms.

Tenure

Freehold

Lower Ground Floor

Hall, Room G, w/c

Ground Floor

Communal Hall, Room A, Room B, Room C

First Floor

Landing, Room D, Room E, Store, Shower room, Bathroom

Second Floor

Landing, Flat 1 - Living bedroom, kitchen and shower room. Flat 2 - Living bedroom, kitchen and shower room.

Externally

Yard to rear

Charges and Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,080 inc VAT.

Local Authority

Leeds City Council

Additional Fees

Administration Charge - See above

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.