No longer on the market
This property is no longer on the market
Floorplan
Map2 bedroom apartment
Auction
EPC rating: B
Apartment
2 beds
1 bath
552
Key information
Tenure: Leasehold
Council tax: Band C
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- 12% Gross annual yield
- Tenanted 800 PCM
- Leasehold 107 years
- Mid-floor apartment
- Leeds city centre
- Purpose built block
- Six week completion
- Auction 24 May 2024
Video tours
FOR SALE BY AUCTION: To be sold by public auction at the owner's instruction. A purpose-built two-bedroom, tenanted mid-floor apartment in Leeds city centre. It is currently tenanted and receiving rent of £800 PCM, which means a 12% gross annual yield. The apartment measures approximately 525 SQFT internally and has been assessed as EPC B. Leasehold 107 years.
Auctioneers Comments: 'This Lot offers investors the opportunity to acquire a modern, purpose-built property with immediate cash flow, making this Leeds city centre apartment an attractive proposition.'
Auction date
The property is to be sold by public auction on Friday, 24 May 2024, via a 2-hour online bidding window.
Description
Two bedrooms, purpose-built, 525 SQFT, tenanted, £775 PCM
Outside
Communal areas
Location
Leeds city centre, Yorkshire, 1.3 miles to Leeds railway station
Accommodation
Mid-floor: two bedrooms, bathroom, kitchen/living room
EPC rating
B
Tenure
Leasehold
125 years from 1 June 2005
Local authority and council tax band
Leeds City Council
Council tax band: C
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 2% plus VAT (min. fee of £2,100 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
Auctioneers Comments: 'This Lot offers investors the opportunity to acquire a modern, purpose-built property with immediate cash flow, making this Leeds city centre apartment an attractive proposition.'
Auction date
The property is to be sold by public auction on Friday, 24 May 2024, via a 2-hour online bidding window.
Description
Two bedrooms, purpose-built, 525 SQFT, tenanted, £775 PCM
Outside
Communal areas
Location
Leeds city centre, Yorkshire, 1.3 miles to Leeds railway station
Accommodation
Mid-floor: two bedrooms, bathroom, kitchen/living room
EPC rating
B
Tenure
Leasehold
125 years from 1 June 2005
Local authority and council tax band
Leeds City Council
Council tax band: C
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 2% plus VAT (min. fee of £2,100 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
Property information from this agent
About this agent
Higgins Drysdale National Property Auctions - Chichester
104 Shippam Street
Chichester, West Sussex
PO19 1AY
01243 468065We are an independant property auction company founded and run by Paul Higgins-Drysdale in response to the modern and ever changing world we live in, specifically the opportunities opened up in the property auction industry. Paul has worked in property for 17 years, as an investor, an estate agent and an auctioneer. His objective for the business is to deliver the best advice with regard to the method of sale, price and process for every client, every time. The pandemic and lockdown of 2020/2021 forced the auction industry to change and the online platforms demonstrated their worth by exposing a property/lot to the entire market rather than simply to the bidders who could make the trip to the old school auction rooms of the past. It effectively opened up the property auction to a much bigger part of the property investor market. We are a new, innovative and pioneering business for buying and selling property and our mission is to deliver the best property auction service in the UK with a commitment to our belief that the mass auction sales are a thing of the past with a modern focus on the individual, their needs and the appropriate process for the sale of their property, a bespoke service focussing on what works for the client and not necessarily what promotes the business.