Wortley Road, Leeds, West Yorkshire, LS12

Lucrative Investment Opportunity with High Yield and Strong Rental Income

National Residential presents an exceptional investment opportunity with this mixed commercial and residential building, comprising a ground floor commercial cafe shop and a two-bedroom flat above. This freehold property offers a solid income stream from the start, making it a highly attractive choice for astute investors.

The commercial section of the building features a well-established cafe. The residential component consists of a 2-bedroom flat both currently tenanted and in very good condition. With both tenancies in place, you can seamlessly transition into generating immediate rental returns.

The total annual gross rent received from the property currently is an impressive £11,700, ensuring a strong and steady cash flow. That equated to a gross monthly rent of £975. After deducting the 10% monthly management agent fees, the monthly net income is £877.50. Moreover, there is a realistic chance to increase rents given the property's potential and the fact that the rents have remained the same for a significant period.

Based on a competitive sale price of £145,000, the projected yield stands at an excellent 8.01%, guaranteeing an excellent return on investment. This remarkable yield demonstrates the high-income potential of this property, making it a compelling choice for investors seeking lucrative opportunities.

Ideally located for easy access to Leeds City Centre, Ring Road and Motorway networks, with local schools, shops and good bus routes nearby, this property is perfectly positioned to attract tenants. Its strategic location ensures high demand and sustained occupancy, contributing to a stable and profitable investment.

Armley offers excellent commuter routes into Leeds City Centre via the A647 & the B6154 the property is on one of the main bus routes affording easy access to Leeds city centre and the train station. The Armley Gyratory is close by and gives major links to the motorway networks for both the M1 and M62. Leeds Bradford airport is a short car journey away. There are local shops and amenities to be found on Armley Town Street, with further amenities and a Railway Station in neighbouring Bramley. Within a short drive major retail stores can be found along the Ring Road, with the White Rose Shopping Centre close by.

Please watch our online video tour for a closer look at the property.

Viewings are highly recommended to fully appreciate the investment potential and rental income this property offers. Take advantage of this outstanding opportunity to secure a strong and rewarding investment. Contact us today to arrange your personal viewing.

This property is ONLY available for purchasers who are NOT in a chain.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.