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Studio flat for sale

The Pavilion, St. Michaels Lane, Leeds

£79,950

Property Description

Key features

  • GREAT INVESTMENT OPPORTUNITY
  • GUARANTEED NET ANNUAL INCOME OF 6,000 FOR 3 YEARS FROM 2015
  • BRAND NEW DEVELOPMENT
  • PRIME STUDENT LOCATION
  • ON-SITE GYM
  • ROOFTOP TERRACE

Full description

Tenure: Leasehold

SUMMARY Let Leeds is pleased to offer for sale this self-contained studio apartment in a newly built development in a prime location close to Headingley Stadium.

The studio is well located for both the student and professional lettings markets and currently return a very healthy 7.5% gross annual yield.  

LOCATION Situated opposite Headingley stadium on St Michaels Lane, within a short walk to transport links and the vast wealth of local shops, bars and restaurants Headingley has to offer.

The location is fantastic for both students studying at the universities and young professionals commuting to the City Centre.  

THE DEVELOPMENT The Pavilion is a purpose built development comprising of 44 luxury studio apartments. The development was completed in Nov 2015 and is now fully let to a mixture of student and professional tenants.

The Pavilion development has some excellent features which really distinguish this building, such as a fantastic communal roof terrace overlooking the cricket ground, a common room with large sofas and huge LED TV, communal gardens, a free to use on-site gym and a handy laundry room.

Tenants feel extremely secure within the building as there are on site staff and secure key fob access systems. The property also benefits from disabled access, disabled toilets and lift.

Each apartment is extremely spacious and is provided furnished. The apartments each have their own kitchenette and en-suite shower room.  

STUDIO: Larger than average studio, located on the ground floor. This studio comprises of an excellent sized sleeping / living / cooking area as well as study area. With white fitted base and wall units the kitchenette includes an integrated fridge and 2 ring ceramic hob. A modern en-suite bathroom, partially tiled and neutrally decorated with large inset shower, basin and WC.  

INVESTOR INFORMATION Leasehold - 125 years from November 2015

Ground Rent: £350.00 PA per unit

Gross Annual Income: £6,000 for 3 years starting November 2015.

The studio is fully let and managed by a quality management operator. The properties are currently tenanted therefore viewing is strictly by appointment only. Please me mindful that we will need to give the Tenants 48 hours notice of a viewing.

*Please note photos used in this advert are of other units within the development but are of a similar standard and layout*
 


More information from this agent

Listing History

Added on Rightmove:
23 September 2017

Nearest stations

  • Burley Park (0.3 mi)
  • Headingley (0.6 mi)
  • Kirkstall Forge (1.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Let Leeds, Sales

Leeds

0113 451 0388 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Let Leeds, Sales

Leeds

0113 451 0388 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Burley Park (0.3 mi)
  • Headingley (0.6 mi)
  • Kirkstall Forge (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Let Leeds, Sales

Leeds

0113 451 0388 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 101428005857. 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 Let Leeds, Sales. 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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