Edinburgh Grove, Armley, Leeds, West Yorkshire, LS12

Great investment opportunity! To be sold by the Modern Method of Auction with Iamsold, starting bid £200,000.
Comprising 4 self contained flats, arranged over 4 floors currently generating approx., £28,000 pa with scope to increase through refurbishment, ie circa 14% gross yield.

Ground floor - 2 x 1 bedroom apartments.
1st floor - 1 x 2 bedroom apartment.
2nd floor - 1 x 1 bedroom apartment.
Basement - large cellar with good head height offering scope for future conversion, subject to the necessary approvals.

Great Armley position with excellent commuter links, rare to the market, call us - .

LOCATION
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.

GREAT INVESTMENT OPPORTUNITY - 4 SELF CONTAINED APARTMENTS - 14% YIELD AT GUIDE PRICE
Offered for sale by Modern Method of Auction with IamSold, is this substantial terraced property, presenting a superb opportunity for investors seeking strong returns and future grown potential. The property comprises 4 self contained flats, arranged over 4 floors, currently generating approximately £28,000 per annum, with clear scope to increase rental income through refurbishment and optimisation. At the starting price of £200,00, this represents an impressive circa 14% gross yield. The accommodation includes 2 x 1 bedroom apartments on the ground floor, a further, spacious two bedroom apartment on the 1st flr & a 1 bedroom apartment on the 2nd floor. To the lower ground floor is a large cellar with generous head height, offering excellent potential for further conversion, subject to the necessary approvals. Whilst some internal modernisation is required, this has been reflected in the competitive pricing, creating an exciting value-add opportunity for landlords and developers alike. High yield multi unit investments at this level are rarely available, early enquiry is strongly recommended.

PLEASE NOTE
The extent of the property and its boundaries are subject to verification by inspection of the title deeds. The measurements in these particulars are approximate and have been provided for guidance purposes only. The fixtures, fittings and appliances have not been tested and therefore no guarantee can be given that they are in working order. The internal photographs used in these particulars are reproduced for general information and it cannot be inferred that any item is included in the sale.

MONEY LAUNDERING, TERRORIST FINANCING AND TRANSFER OF FUNDS REGULATIONS 2017
To enable us to comply with the expanded Money Laundering Regulations we are required to obtain identification from prospective buyers once a price and terms have been agreed on a purchase. Buyers are asked to please assist with this so that there is no delay in agreeing a sale. The cost payable by the successful buyer for this is £50 +VAT per named buyer and is paid to the firm who administer the money laundering ID checks, being Iamproperty / Movebutler. Please note the property will not be marked as sold subject to contract until the appropriate identification has been provided.

FINANCIAL SERVICES
Linley and Simpson Sales Limited trading as Hardisty are Introducer Appointed Representatives of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited who are authorised and regulated by the Financial Conduct Authority. We routinely refer buyers to Mortgage Advice Bureau Limited. We receive a maximum of £30 per referral.

SERVICES - Disclosure of Financial Interests
Unless instructed otherwise, the company would normally offer all clients, applicants, and prospective purchasers its full range of estate agency services, including the valuation of their present property and sales service. We also intend to offer clients, applicants and prospective purchasers' mortgage and financial services advice through our association with Mortgage Advice Bureau. We will also offer to clients and prospective purchasers the services of our panel solicitors, removers, and contactors. We would normally be entitled to commission or fees for such services and disclosure of all our financial interests can be found on our website.

MODERN METHOD OF AUCTION (IAMSOLD)
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.