Studio flat for saleNew York Studios, New York Road, Leeds
- FOR SALE BY PUBLIC AUCTION : 29-MAR-2012
- LOT NUMBER : 69
- Residential investment opportunity. The Former St Patrick's Presbytery converted and renovated to 16 studio flats. Current rental income £39,720 per annum with potential to increase to approximately
- Residential Investment
- GUIDE PRICE : £280,000 PLUS
SITUATED The property is located close to the main A64 east of Leeds city centre and conveniently placed for access to the city centre, Leeds University and St James hospital. The property, set back off the A64, is approached from Burmantofts Street turning into Rider Street. Pedestrian access is provided from St Mary's Lane. The property is adjacent to the Patrick Studio and East Street Arts studio.
GROUND FLOOR Vestibule Entrance. Communal sitting room, communal laundry room with 2 washers. Communal kitchen with a range of modern fitted base and wall units, built in oven with 4 ring electric hob unit, built in fridge, fridge freezer. Part tiled walls, ceramic tiled floor. Second kitchen used as a shared kitchen by the tenants of the first floor flats and fitted to the same standards as the first kitchen. Additional chest freezer and fridge freezer. Boiler/meter room housing 2 glow worm gas central heating boilers serving all common part radiators and hot water. Individual electric fuse/meter boxes. There are five ground floor studio flats all comprising combined living room/bedroom with laminated flooring. Separate shower room/WC with wash basin.
FIRST FLOOR Large landing with ceramic tiled floor. Five first floor studio flats with en-suite shower rooms/WC. Two bedsit units with wash basins, shared shower room/WC with wash basin. Store room
Self contained maisonette comprising kitchen with fitted units, built in oven and hob. Shower room/WC with wash basin, second floor balcony bedroom
SECOND FLOOR Large landing with ceramic tiled floor. Three bedsit units with wash basins and shared double shower room with WC and wash basin. Communal dining kitchen with a range of modern fitted base and wall units, built in oven with 4 ring electric hob unit, built in fridge, fridge freezer. Part tiled walls, ceramic tiled floor.
There is access into the loft space from the landing providing potential for further conversion (subject to the usual planning/building regulation consents).
OUTSIDE Front forecourt area, enclosed rear yard
NOTE All private working tenants. Fire precaution works include, alarm, fire doors, smoke detectors in all flats, fire extinguishers, emergency lighting and break glass points. Individual electric and water meters to each unit. Security intercom door entry system. Sound proofing. Gas central heating to communal areas. All flats have laminated floors, electric wall mounted heaters, BT sockets, TV aerial points and furnished. Double glazing.
SCHEDULE OF LETTINGS
TENANCY RENT PER MONTH RENT PA
Flat 1 6 months from 23/8/11 310 3720
Flat 2 6 months from 3/2/12 320 3840
Flat 3 6 months from 17/3/12 330 3960
Flat 4 6 months from 25/1/12 300 3600
Flat 5 6 months from 1/10/11 310 3720
Flat 6 Vacant - ERV (3900)
Flat 7 6 months from 3/12 290 3480
Flat 8 6 months from 25/7/11 300 3600
Flat 9 6 months from 6/2/12 330 3960
Flat 10 6 months from 24/2/10 230 2760
Flat 11 6 months from 8/8/11 250 3000
Flat 12 Vacant - ERV (3900)
Flat 13 6 months from 13/9/12 280 3360
Flat 14 Vacant ERV (303)
Flat 15 Vacant ERV (303)
Flat 16 6 months from 17/2/12 350 4200
approximate current gross annualised income £39,720
total approximate gross annualised income £53,640
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