Property for sale

This lot is for sale by auction as lot 116 on 29th March 2012. Full and up to date details of this property, terms and conditions for the auction, and legal documentation for this lot are available at www.allsop.co.uk.



Two Freehold Interconnecting Detached Buildings

•   Arranged to provide a Total of Sixty Two Student Bedsitting Rooms •   Each Room subject to an Assured Shorthold Tenancy •   Roof Space subject to a Lease in favour of Vodafone Ltd •   Site Area Approximately 0.302 Hectares (0.746 Acres)
•   Total Current Rent Reserved £238,460.84 per annum (equivalent)
Tenure

Freehold.

Location

Headingley Halls is set back from Headingley Lane just to the east of its junction with North Grange Road. Local shops and amenities are readily accessible along Headingley Lane with the further and more extensive facilities of Leeds city centre also being available approximately 1.5 miles to the south. Local Bus routes run nearby and the outside spaces of Hyde Park are available within walking distance. Headingley is a suburb of Leeds and is close to both the University of Leeds and Leeds Metropolitan University.

Description

The property comprises two interconnecting buildings. The property is arranged to provide residential student accommodation comprising sixty two bedsitting rooms together with ancillary accommodation. The property benefits from off-street parking and surrounding gardens.The property occupies a site extending 0.302 hectares (0.746 acres).

Accommodation

The property was partially inspected by Allsop. We understand that the property comprises the following accommodation:Ten Bedsitting Rooms with En-suite facilitiesForty Two Bedsitting Rooms with wash basinsSix Bedsitting RoomsFour Self-Contained FlatsTwelve Communal Shower RoomsFour Communal BathroomsThree Communal Offices, Reception Area, Kitchen and Laundry Room

Tenancy

Each bedsitting room is subject to an Assured Shorthold Tenancy at a total current rent of £225,235.84 per annum. Please note that the majority of Tenancies expire on 30th June 2012 to coincide with the end of the University Acodemic Year. As in previous years, some tenants may wish to remain in occupation during the summer months and additional rents may therefore be received.
The Roof Space is subject to a lease in favour of Vodafone Ltd at a current rent of £13,225 per annum.
A full schedule of Accommodation and Tenancies together with Floor Plans are available from the Auctioneers upon request.
For further information please email either: jimmy.bruce@allsop.co.uk or james.wilson@allsop.co.uk
To View
Please Call: Allsop (Ref: James Wilson).
Tel: 0113 236 6677.
Seller's Solicitor
Messrs Bury and Walkers
(Ref: Graham Dixon).
Tel: 0113 244 4227 Fax: 0113 246 5965.E-mail: g.dickson@burywalkers.com







Guide Price. Please note, that guide prices are intended to indicate an approximation of the minimum acceptable price to each client. These guide prices should not be interpreted as asking prices and are purely for guidance. Guide prices are subject to contract and subject to alteration. Prospective purchasers are strongly advised to contact Allsop in order to check the availability of each lot prior to the auction sale. Whilst every effort is made to ensure that a guide price is not misleading, it is possible that the reserve price set for any auction lot may exceed the previously quoted guide price. The most up-to-date guide prices are always featured on our on-line service at: www.auction.co.uk.