Skip to content
Get brand editions for Stoneacre Properties, Chapel Allerton

Portfolio of 10 Apartments at Citispace West, LS2 7JT

Key features

  • READY MADE PORTFOLIO OF 10 APARTMENTS
  • ANNUAL RENTAL INCOME OF £62,820
  • ALL CURRENTLY LET OUT
  • POPULAR CITY CENTRE APARTMENTS
  • EPC - B/C
  • COUNCIL TAX BAND - ALL APARTMENTS ARE B

Description

*** CALLING ALL INVESTORS *** CASH BUYERS ONLY *** An ultra rare opportunity has arisen to acquire a ready made portfolio of 10 Citispace apartments all situated on the 4th floor of Citispace West currently achieving £5,235 PCM in rental income offering a gross return of 13.96%, £62,820 per annum.

These properties are ONLY available to cash buyers.

All properties are currently let out, and we are advised the current landlord has never faced any issues letting these properties out.

Breakdown of properties:

Flat 1 – tenanted – on a periodic basis - £495 PCM
Flat 2 – tenanted – on a periodic basis - £495 PCM
Flat 3 – tenanted – on a periodic basis - £550 PCM
Flat 4 – tenanted – on a periodic basis - £520 PCM
Flat 5 – tenanted – fixed term until 31 May 2025 - £535 PCM
Flat 6 – tenanted – on a periodic basis - £495 PCM
Flat 7 – tenanted – on a periodic basis - £575 PCM
Flat 8 – tenanted – fixed term until 30 April 2025 - £525 PCM
Flat 9 – tenanted – on a periodic basis - £495 PCM
Flat 10 – tenanted – fixed term until 9 February 2025 - £550 PCM

The apartments let at £495, have the potential to increase up to £525 PCM adding an additional £1,440 to the total annual rental income.

Note: it wont be possible to show all 10 properties in one go but we can show a handful of properties to allow prospective buyers to get a feel for the apartments. They range in size, but are all 1-bed apartments.

Citispace is a very popular urban development on the fringe of the city, and opportunities to purchase a portfolio like this very rarely arise, especially when all apartments are currently tenanted as of October 2024.

Service charge per apartment:

All figures below are the most recent from the period of 01.07.24 to 31.12.24 (6 months)

Flat 1 - £562.40
Flat 2 - £562.40
Flat 3 - £562.40
Flat 4 - £562.40
Flat 5 - £703.00
Flat 6 - £703.00
Flat 7 - £703.00
Flat 8 - £703.00
Flat 9 - £703.00
Flat 10 - £703.00

Epc Per Apartment - Below is the EPC rating per apartment:

Flat 1 - C
Flat 2 - B
Flat 3 - B
Flat 4 - B
Flat 5 - C
Flat 6 - B
Flat 7 - B
Flat 8 - C
Flat 9 - C
Flat 10 - C

Council Tax Per Apartment - Below is the council tax banding per apartment:

Flat 1 - B
Flat 2 - B
Flat 3 - B
Flat 4 - B
Flat 5 - B
Flat 6 - B
Flat 7 - B
Flat 8 - B
Flat 9 - B
Flat 10 - B

Brochures

Portfolio of 10 Apartments at Citispace West, LS2
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.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Ask agent
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

Energy performance certificate - ask agent

Portfolio of 10 Apartments at Citispace West, LS2 7JT

Add your favourite places to see how long it takes you to get there.

__mins driving to your place

Check how much you can borrow
Get a Mortgage in Principle
You'll have a personalised result in just 20 minutes and you could get viewings faster when you find the home you want, with no impact on your credit score.Powered bynationwideThe Nationwide Logo represents a symbol of financial strength and community, empowering members to achieve their goals
Recently sold & under offer
See similar nearby properties
Get brand editions for Stoneacre Properties, Chapel Allerton

About Stoneacre Properties, Chapel Allerton

184 Harrogate Road, Leeds, LS7 4NZ
Industry affiliations:
Visit our website: www.stoneacreproperties.co.uk

Stoneacre Properties have been selling homes for over 15 years and pride ourselves on the personal service we deliver.

Although we have enjoyed significant growth over these years, our ethos remains the same - to provide exceptional service to each and every one of our customers. Over the years, we have developed a team of highly trained and focused individuals specialising in their field across each department within the business to assist you with your property requirements and we are proud to have offices covering the whole of Leeds and surrounding areas.

We remain committed to delivering the very best service and focus on building a successful relationship with our clients. Our staff have a wealth of experience not just in the property market but more importantly in your local area.

Marketing - A state of the art media and marketing package second to none!

We have undertaken extensive research in to the best way of marketing your home, to ensure there is maximum exposure and you achieve the best price. Our marketing strategy includes the following:

  • Professional Videography
  • Drone Footage
  • Wide Angled Professional Photography
  • Customised 360 Degree Tours
  • Detailed Floor Plan
  • Marketing on social media platforms which have thousands of followers and includes Instagram, Facebook and Twitter.
  • Marketing on all major property portals including, Rightmove, Zoopla, On The Market, One Dome and our own Enhanced website which receives thousands of visits every month.

At Stoneacre Properties we take Estate Agency to the next level. Get in touch today to arrange a free, no obligation valuation of your property.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£2,101
We think you can borrow up to
Add your household income above
Powered bynationwideThe Nationwide Logo represents a symbol of financial strength and community, empowering members to achieve their goals
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Notes

These notes are private, only you can see them.

Staying secure when looking for property

Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.

Visit our security centre to find out more

Disclaimer - Property reference 33446672. 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 Stoneacre Properties, Chapel Allerton. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

Map data ©OpenStreetMap contributors.