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*