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67/67a Church Street, Kirkstall, Leeds, West Yorkshire, LS5 3HZ

PROPERTY TYPE

Block of Apartments

BEDROOMS

6

BATHROOMS

6

SIZE

1,173 sq ft

109 sq m

TENURE
Describes 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

  • For sale by online auction
  • Register at tcpa.co.uk
  • 2 Self Contained Apartments
  • 4 Rooms each with kitchenettes
  • 4 Bathrooms
  • High rental demand

Description

For sale by Online Auction - 25th of November at 10:00.

Multi-Let Investment: 4 Rooms, 2 Self-Contained Flats

Description
A substantial multi-let property arranged as two self-contained apartments and four further lettable rooms, offering six separate income streams under one roof. Apartment 67 comprises a living room, bedroom with built-in storage and a bathroom, and is currently let at £550 pcm. The remainder of the house, 67a, is entered via the front door, where Room 1 is let at £430 pcm. On the first floor is Room 2, the largest of the rooms, which is currently vacant and previously produced £450 pcm. The first floor also houses four private bathrooms serving Rooms 1 to 4, each fitted with a shower suite, hand wash basin and w/c. The second floor provides Rooms 3 and 4, each let at £450 pcm to long-standing tenants. To the rear, accessed via a separate door, Room 5 is configured as a self-contained studio apartment and is let at £450 pcm. Every room benefits from its own kitchenette.

The property currently produces £2,330 pcm (£27,960 per annum). With Room 2 re-let at its previous rent of £450 pcm, this would rise to £2,780 pcm (£33,360 per annum), giving a purchaser immediate income and clear potential to increase it. Kirkstall is a well-regarded rental location, with a mix of retail, leisure and transport links, including the Kirkstall Bridge Shopping Park and Kirkstall Abbey and its parkland, and the lively cafs and bars of nearby Headingley. Kirkstall Forge Station and the A65 give links to Leeds and the wider region, which suits commuters. Tenant demand in LS5 remains strong, and its mix of renters helps to keep demand steady throughout the year, making this a well-placed purchase for investors looking for a diversified rental income.

Legal PackA legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Brochures

Legal DocumentsOnline Bidding
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.
Band: A
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.
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67/67a Church Street, Kirkstall, Leeds, West Yorkshire, LS5 3HZ

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Affordability

Monthly repayments£1,006
Property: £ 200,000
Deposit: £ 20,000
Interest rate: 5.35%
Term: 30 years
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Disclaimer - Property reference 375162. 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 Town and Country Property Auctions, Covering Yorkshire. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town and Country Property Auctions, Covering Yorkshire on 0113 467 5225.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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