Echo Central Two
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
388 sq ft
36 sq m
Key features
- Sold as a tenanted investment
- Current rental income of £7800 pa
- 7.43% gross yield
- Leasehold: 150 years from 2007
- EPC rating C
- Council tax band A
- 1st Floor apartment
- Sold furnished
- EWS1 Compliant: B1 Rating
Description
INVESTMENT INFORMATION
The property is sold with a fixed term tenancy in place. The tenancy term is until July 2024.
The current monthly rental is £650 pcm but has scope to increase on the next renewal or re-let.
The property is rented out furnished to the current tenant.
LEASEHOLD INFORMATION Lease term: 150 years from and including 1st January 2007
We have been advised the following charges apply;
Ground rent £335.98 pa (reviewed every 10 years at RPI next review 2027)
Service charge for 2024 £1,406.43 (includes building insurance)
The development has a valid EWS1 certificate with a B1 rating.
THE PROPERTY The first floor apartment comprises; hallway with storage cupboard housing the hot water cylinder and washing machine. Open plan living area with wood effect laminate flooring throughout, Juliet balcony and electric wall mounted heater. The Kitchen has a range of modern cream gloss units with contrasting worksurface and an integrated electric oven, hob and fridge with freezer compartment.
The bedroom is accessed via a sliding door from the living room and is carpeted with electric wall mounted heater.
The shower room is partly tiled and has a shower unit, hand basin, w.c. and chrome heated towel rail.
Please note some photos are for illustration purposes only and some fixtures, fittings and decoration may differ.
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£335.98 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£1406.43
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
134 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
Echo Central Two
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leeds Station0.9 miles
- Burley Park Station2.6 miles
- Cottingley Station3.0 miles
About the agent
Martin & Co, Leeds City
24-28 Bridge End Leeds LS1 4DJ
Kate Richardson — Director
As well being a very valued and knowledgeable attribute to our Lettings side of the business Kate takes the lead on all sales enquiries for vendors and buyers. Nothing is ever too much trouble for Kate and she will guide you through the process with helpful advice and sound direction. Whether you are looking for an investment opportunity or somewhere to live yourself Kate will be happy to help. If you are thinking of selling then take advantage of our f
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 100678004553. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co, Leeds City. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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