16 x 1 Bed Apartments on Westfield Mills, LS12

Guide Price £1,000,000

1616

Property photo

To view this property, please call us on 0113 322 9533 or use the 'Make an Enquiry' form below.

16 x 1 Bed Apartments on Westfield Mills, LS12

Guide Price £1,000,000

Property Overview

  • Property Type:Apartment
  • Bedrooms: 16
  • Bathrooms: 16
  • Agent Reference:12635
  • Features

  • INVESTMENT OPPORTUNITY
  • 16 UNITS
  • PERIOD FEATURES
  • MINIMAL VOID PERIODS
  • POPULAR LOCATION
  • TENANTS IN SITU - INSTANT INCOME
  • BUILDING MANAGEMENT IN PLACE
  • ONE BEDROOM APARTMENTS
  • WELL- MAINTAINED COMPLEX
  • IDEAL ADDITION TO A RENTAL PORTFOLIO

Full Description

SUMMARY A fantastic opportunity has arisen for an investor to purchase the entire apartment complex, comprising 16 one bedroom apartments situated within a characterful mill conversion. The mill is accessed via a secure electric gate leading to a parking area and a communal entrance door. Situated in a popular rental area, the apartments experience minimal void periods and tend to prove very popular with young professionals. The apartments achieve a rental income of £7065 (correct as of May 2020), thus presenting an 8.48% yield. Let-Leeds have been successfully managing the tenancies of the units for a number of years, with a building management company in place also. The leasehold is in place for 125 years from 2006. We have included a range of photographs and floorplans within the brochure, however for more information please contact Alex or Joe on 0113 322 9533 

AGENT NOTES Some useful information below which has been provided by the Vendor:

Ground Rent: £4,241.28 (pa)

Service Charge: £12,652.80 (pa)

Buildings Ins: £3,472.80 (charged by Landlord) for period 1/6/19-31/5/20
 

EPC

EPC

Make an Enquiry...

* Required Field

Choose Let Leeds the
award winning property specialists

Students
Affiliate Logos

Copyright © Let-Leeds 2020, All Rights Reserved
Site Map | Terms | Privacy | Let Leeds GDPR | Client Money Handling Procedure

Let-Leeds.com Ltd, registered in England, Company Number 6804475.
VAT Number 323 659 887.
ICO Number Z2040400.
Member of PropertyMark Client Money Protection Scheme No. C0122579
Client Money Security Certificate
Let Leeds is regulated by ARLA PropertyMark No M0057508.


Website design by ina4.com  Website design - ina4.com