This property is no longer on the market
1 bedroom apartment
Key information
Property description & features
- Over 9% Gross Yield
- Tenanted Investment
- Sold with tenant in situ
- Sold furnished
- Current rent £515 pcm
- Leasehold 125 year lease from 2007
- Sold by modern method of auction
- Cash purchasers only
- EPC rating B
- Terms and conditions apply
Cash purchasers only.
The apartment is situated on the third floor and comprises; open plan living area with kitchenette. Juliet balcony.
Separate bedroom area with double bed and fitted wardrobe
Shower room with W.C., hand basin and shower cubicle
The residents of Citispace have access to a communal laundry room (coin operated)
Electricity is pay as you go
Great location for Leeds city centre, only a few minutes walk to the central shopping areas.
Current rental £515 pcm
LEASEHOLD
125 year lease from 2007
Ground rent £150 pa
Service charge £1,053.00 pa
You are advised to seek clarification on the above charges with a solicitor once a sale is agreed. Please note we have not seen proof of the above charges and they are provided as a guide only.
Council tax band B
Please note there is no EWS1 certificate on the development.
Photos of the apartment taken prior to current tenant moving in. Photos taken August 2019
AUCTIONEERS ADDITIONAL COMMENTS
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 4, 2022
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Energy Performance data and Internal floor area
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