SUMMARY LET LEEDS is proud to offer for sale this FANTASTIC DEVELOPMENT & INVESTMENT OPPORTUNITY to purchase a semi-detached building which has been converted into 3 self contained flats and with full planning permission for the conversion of the lower ground floor into a large 2 bedroom, 2 bathroom flat. Currently creating an annual income of £17,700.
FLAT 1 Located on the ground floor is this very generous 1 bedroom flat which is currently let out at £500pcm. Briefly comprising 1 large double bedroom located to the rear of the building with a large bay window, flooding the room with natural light, a bathroom with a 3 piece suite, kitchen leading onto the spacious lounge with another large bay window. The current tenant has occupied the property for 7 years. Gas central heating and partially double glazed.
FLAT 2 Let out at £550pcm, this is a spacious 2 bedroom flat located on the first floor of the building. With access via the communal entrance, the flat briefly comprises 2 double bedrooms, a modern fitted kitchen, lounge and bathroom with a separate toilet. The current tenant has occupied the property for 12 months. Electric heating and double glazed.
FLAT 3 Situated on the top floor is another self-contained 1 bedroom flat currently let out at £425pcm. With access via the communal entrance, the flat briefly comprises an open plan kitchen lounge area with a large dormer window, a generous double bedroom and a 3 piece suite bathroom. The current tenant has occupied the property for 2 years. Electric heating and double glazed.
LOWER GROUND FLOOR With full planning permission to convert the lower ground floor into a large 2 bedroom, 2 bathroom flat, this will further increase the total rental income and value of the building. Architects drawings can be seen highlighted in red.
INVESTOR INFORMATION Each flat is on a separate leasehold title with circa 110 years remaining on the leases. With no service charge, the ground rent is £125 per annum with the next review in 2023.
The property is currently tenanted; therefore viewing is strictly by appointment only. Please be mindful that we will need to give the Tenant 48 hours' notice of a viewing at the property. TO ARRANGE A VIEWING PHONE OUR SALES DEPARTMENT NOW ON 0113 322 9533.