Portfolio of 11 Units, Lovell Park, Lovell Park Hill, Leeds, LS7
- PROPERTY TYPE
Flat
- BEDROOMS
11
- BATHROOMS
11
- SIZE
Ask agent
Key features
- Portfolio of 11 Units - Available Individually or Bulk Purchase
- Over 7% NET Yield
- Total NET Income £40,874.56pa
- Fully Tenanted & Generating Immediate Income
- Fully Managed by a Professional Letting Agent
- Modern Student Living
- Less Than 1 Mile To Leeds Beckett University
- On Site Gymnasium, Games Room & Residents Lounge
- Communal Fitted Kitchen & Appliances
- Ideal To Rapidly Expand A Property Portfolio
Description
TOTAL INCOME £40,874.56pa
FULLY TENANTED & GENERATING IMMEDIATE INCOME
Mr Investa are pleased to bring to the market a HIGH YIELDING portfolio of 11 UNITS within the popular and FULLY OCCUPIED student development in Leeds, Lovell Park. These low entry level priced units are AVAILABLE FOR SALE INDIVIDUALLY OR AS A BULK PURCHASE making this ideal to suit all budgets to quickly expand your property portfolio.
Lovell Park is located in the north of Leeds city centre just off the A64 motorway, within 1 mile of Leeds Beckett University and a variety of shops, bars, restaurants and cafes. The development is also convenient for public transport including regular bus and train services.
These student properties offer an ideal opportunity for buy-to let investors looking for a fully managed hands off investment at an attractive price and offering a lucrative yield.
As well as the various flats within Lovell Park, the communal areas comprise; entrance with security intercom access, residents gym, equipped games room, lounge, laundry room, courtyard and car park.
Of the 66 fully furnished rooms in the development we have a total of 11 units available for sale in the portfolio. Each flat comprises; private entrance, lounge with double bed, study desk with chair, uPVC double glazed window, electric heater, wall mounted TV and access to an ensuite shower room/WC.
These ensuite bedrooms share modern fully fitted kitchens within the building, with appliances included. As the kitchens are communal, any upgrades are not the sole responsibility of the owner, meaning less maintenance cost for a landlord of an ensuite bedroom.
Current Financial Performance for the 2023/24 Academic Year
Rental Income: £66,430 per annum
Service Charge: £14,531 per annum
Ground Rent: £3,850 per annum
Lettings Fee 9% + VAT: £7,174.44 per annum
NET Income: £40,874.56 per annum
NET Yield: 7.4%
NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Portfolio of 11 Units, Lovell Park, Lovell Park Hill, Leeds, LS7
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Visit our security centre to find out moreDisclaimer - Property reference MSN-17616333. 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 Mr Investa Ltd, Salford. 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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