8 x City Apartments with development potential, Leeds

BTL

8 x City Apartments with development potential

£910,000Fixed price

Freehold
Well located to the east of Leeds city centre, 0.3 mile from the new ‘South of York Road’ mixed use scheme
Comprising 8 self-contained flats, arranged as: 4 x two bedroom flats and 4 x one bedroom flats
Scope for extensive refurbishment and development works to provide higher rental income, with Planning Permission granted for two additional units
Currently 7 out of the 8 flats are let, producing an income of £48,900 per annum
Potential to increase income, in current condition, to an Estimated Renal Value (ERV) of £64,200 per annum
An asking price offer of £910,000 reflects a Gross Yield of 7.05% (based upon the ERV)

Marketed by

Allsop

Call
0113 243 7957