Freehold Block Of 9 Tenanted Apartments
- PROPERTY TYPE
Apartment
- BEDROOMS
13
- BATHROOMS
9
- SIZE
4,768 sq ft
443 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Fully tenanted block of 9 apartments £89,0000 PASSING RENT PA
- Strong lettings location with 9.3% GROSS YIELD
- 6 x 1 bedroom
- 1 x 3 bedroom
- 2 x 2 bedroom
- 8 parking spaces
- Viewings on Friday 31st May 9-12 noon by appointment
- Extensive data room access on request
- Fully managed option available
- Unconditional offers by Friday 7th June 12 noon.
Description
Monroe Commercial are exclusively instructed to offer for sale this brand new 'unbroken' freehold block of 9 apartments and 8 parking spaces with planning to upgrade to EV charging points.
This tenanted investment opportunity has an ERV of £92,400PA and a current passing income of £88,932 PA based on unfurnished lettings.
There is an opportunity to sell the apartments off on a long leasehold basis with forecast sales totalling in excess of £1,200,000. This would also create further value by way of a Ground rent investment income.
Location
Just off of Town Street in the vibrant suburb of Armley, this scheme is in a high tenant demand location and benefits from easy access to the many amenities of Town Street. In addition, this development enjoys fantastic connectivity to both Leeds City Centre via the A58 and to the West, the A6120 Ring Road is just a short drive away.
Leeds City Centre 1.9 Miles
Bradford City Centre 7.6 Miles
Leeds Bradford International Airport 7.2 Miles
Leeds train station 3.2 Miles
Leeds University 2.5 Miles
Morrisons HQ 5.7 Miles
This scheme was originally completed in 2022 and is fully let to private tenants.
This is an 'unbroken' freehold block of 9 apartments and 8 parking spaces with planning to upgrade to EV charging points.
Each of the apartments provide open plan living arrangements with fully fitted kitchens and integrated appliances including a fridge/freezer, oven and hob. .
Each property comes with gas central heating, each individually metered for electric, gas and smart metered for water.
Fixtures and fittings are to a good standard throughout, with bathrooms featuring toilet, basin, heated towel radiator, shower over the bath, with chrome fittings.
Viewings are Strictly with Sam Kellegher of Monroe on June 31st from 9am to 12 noon.
DATA ROOM available by request to
Best and final offers by 12 noon on June 7th 2024.
Property is to be "SOLD AS SEEN"
Brochures
Low Gables Investment brochure (2).pdfBrochure- 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.
- Exempt
- 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.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Freehold Block Of 9 Tenanted Apartments
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About Monroe Estate Agents, Alwoodley
716 King Lane, Alwoodley, Leeds, LS17 7BA
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Visit our security centre to find out moreDisclaimer - Property reference 33114684. 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 Monroe Estate Agents, Alwoodley. 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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