This double fronted terrace has an HMO license, is currently fully let and producing an annual income of £22,000. When based on the quoted guide price this equates to a gross return of 24%. The seller has advised us that two of the tenants have been in occupation for ten years although the others have been in between two and five years. The property comprises two self-contained one bedroom flats with four studios. Each studio has its own kitchen units but shares a communal shower room. The property is located within walking distance of the many shops and amenities on Dewsbury Road and is just 1.3 miles away from Leeds city centre.

Tenure

Freehold

Lower Ground Floor

Living kitchen, bedroom and shower room

Ground Floor

Two studios

First Floor

Two studios and a shower room

Second Floor

Living kitchen, bedroom and shower room

Externally

Yard to the front

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. Search Fees: £200 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.