This mixed-use property provides a fantastic income for an investor looking to add to their portfolio. It comprises five self-contained studio flats (two with separate kitchen areas), all rented at £673pcm and a retail unit with basement storage area, rented at £700pcm. In total generating an income of £48,780 per annum.
The property is in good condition, but could also be improved should a buyer wish. Externally, the property has a yard to the rear and is located on Dewsbury Road in Leeds 11, above Cross Flatts Park, in a popular residential area just 1.5 miles south of Leeds city centre. The property, being on the doorstep of the White Rose Shopping Centre, is in an excellent position for trading and provides good access to the motorway network.
Please note: the flats have an official address of 2 Mafeking Mount, Leeds, LS11 7BX. Lower Ground Floor Cellar Ground Floor Retail unit with kitchen and WC.
Studio 1: Bedroom, kitchen and shower room First Floor Studio 2: Bedroom/kitchen and shower room
Studio 3: Bedroom/kitchen and shower room
Further shower room Second Floor Studio 4: Bedroom/kitchen
Studio 5: Bedroom, kitchen and shower room Externally Rear yard Additional Information Council Tax Leeds City Council EPC Ratings Retail Unit: D
Ground Floor Flat: D
Flat 1: D
Flat 2: D
Flat 3: D
Flat 4: E Tenure Freehold Charges and Payments In addition to the deposit Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - See above Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.