*** RARE OPPORTUNITY TO ACQUIRE A READY MADE INVESTMENT OF 7 FLATS *** PURCHASE OF THE FREEHOLD *** GREAT LOCATION *** CURRENT ANNUAL RENTAL INCOME OF £65,760 *** Stoneacre Properties are delighted to present to market this unique chance to purchase this block of 7 well presented apartments. All currently let out with a long history of successful letting, this ready made portfolio is great for those looking to grow their portfolio. All apartments are well presented with modern kitchens and bathrooms.
Situated on Maude Street in the centre of Leeds the building is well positioned offering easy access to all local amenities as well offering easy access to local bus routes, and on street parking making the location very appealing for tenants.
The apartments are currently broken down as follows:
Flat 1: £670 PCM
Flat 2: £650 PCM
Flat 3: £695 PCM
Flat 4: £750 PCM
Flat 5: £695 PCM
Flat 6: £725 PCM
Flat 7: £1295 PCM
Total monthly rental income: £5,480
Total annual rental income: £65,760
Flats 1,2,3,5 and 6 all have the potential to increase the rent to circa £750, and flat 7 up to £1400, increasing the total annual income to £70,800.
*** RARE OPPORTUNITY TO ACQUIRE A READY MADE INVESTMENT OF 7 FLATS *** PURCHASE OF THE FREEHOLD *** GREAT LOCATION *** CURRENT ANNUAL RENTAL INCOME OF £65,760 *** Stoneacre Properties are delighted to present to market this unique chance to purchase this block of 7 well presented apartments. All currently let out with a long history of successful letting, this ready made portfolio is great for those looking to grow their portfolio. All apartments are well presented with modern kitchens and bathrooms.
Situated on Maude Street in the centre of Leeds the building is well positioned offering easy access to all local amenities as well offering easy access to local bus routes, and on street parking making the location very appealing for tenants.
The apartments are currently broken down as follows:
Flat 1: £670 PCM
Flat 2: £650 PCM
Flat 3: £695 PCM
Flat 4: £750 PCM
Flat 5: £695 PCM
Flat 6: £725 PCM
Flat 7: £1295 PCM
Total monthly rental income: £5,480
Total annual rental income: £65,760
Flats 1,2,3,5 and 6 all have the potential to increase the rent to circa £750, and flat 7 up to £1400, increasing the total annual income to £70,800.
Flat 1 - Spacious 1-bedroom apartment boasts a living, dining space with immediate access to the kitchen, a spacious double bedroom and bathroom.
EPC - C
COUNCIL TAX BAND - D
Flat 2 - 1-bedroom apartment with open plan kitchen, lounge, diner, double bedroom and bathroom.
EPC - C
COUNCIL TAX BAND - D
Flat 3 - Spacious 1-bedroom apartment boasts a living, dining space with immediate access to the kitchen, a spacious double bedroom and bathroom.
EPC - C
COUNCIL TAX BAND - D
Flat 4 - 1-bedroom apartment with open plan kitchen, lounge, diner, double bedroom and bathroom.
EPC - C
COUNCIL TAX BAND - D
Flat 5 - Mezzanine level bedroom above the living room, apartment complete with kitchen and bathroom.
EPC - D
COUNCIL TAX BAND - C
Flat 6 - Mezzanine level bedroom above the living room, apartment complete with kitchen and bathroom.
EPC - D
COUNCIL TAX BAND - C
Flat 7 - Large 3-bed apartment has recently been renovated with a superb open plan living space with new kitchen. Thee spacious bedrooms one with en-suite and the main bathroom.
EPC - C
COUNCIL TAX BAND - E