- PARKING ALONE WORTH £15K
- ERV RENT OF £900PCM / £10,800 PA
- GROSS YIELD OF 7%
- NET YIELD OF 5.79%
- GROUND RENT ONLY £200
- SERVICE CHARGE JUST £1,622.52
- EXCELLENT LOCATION IN LEEDS' NORTHERN QUARTER
Leeds College of Building (0.1mi.)
St Peter's Church of England Primary School, Leeds (0.3mi.)
Little London Community Primary School (0.4mi.)
THE DEVELOPMENT Lovell House, Skinner Lane, Leeds. A well presented modern 2 double bedroom apartment with a secure on-site car parking space. Lovell House residents have the benefit of the private central landscaped garden area. The property is situated within walking distance of the many excellent and varied facilities of Leeds City Centre
THE RETURNS The apartment is tenanted and income generating.
With an ERV Rent of £900pcm including parking / £10,800 PA this property offers a Gross Yield of 7%.
The Service Charge is £1,622.52 and the Ground Rent is £200
This results in a brilliant NET yield of 5.8% - a fantastic yield for a 2 bed in an emerging part of the city!
LOVELL HOUSE Lovell house is a recently built mixed use development set around a private landscaped courtyard garden. Situated within easy walking distance of the City centre including the prestigious Victoria Quarter shopping Centre, Harvey Nicholls and many other retail outlets, restaurants and bars.
The development consists of a mix of apartments. All the apartments benefit from access to the large communal landscaped garden, which provides a superb social meeting place for residents and friends.
LIVING ROOM A spacious living area with laminate floor covering and full height windows with a patio door providing access onto the balcony offering long distance views over the city. The kitchen area has a range of contemporary base and wall units incorporating cupboards, drawers and heat resistant working surfaces with an inset stainless steel 1 bowl sink and mixer tap. The integrated appliances include a Belling oven with a glass topped hob with canopy over.
BEDROOM ONE A double bedroom with laminate floor covering and 2 windows providing views over the city. The part tiled En-suite shower room provides a shower unit, pedestal wash hand basin with large mirror over and a low suite W.C, heated towel rail.
BEDROOM TWO Another double bedroom with two windows.
HOUSE BATHROOM With a modern white suite incorporating a panelled bath, low suite WC and pedestal wash basin with large mirror over, heated towel rail.
PARKING The apartment benefits from a secure under-croft car parking space.
TENURE 155 year lease.
LOCATION The development is on the door step of destinations such as the brand new John Lewis, Northern Ballet, Leeds City bus station, Lloyds banking group offices, Leeds Becketts University and Leeds University. The development also has great access to the ring road and Motorways, not to mention a short walk from many of the city centre's biggest employers and leisure amenities.
It is located in Leeds City Centre and is perfectly positioned for city dwellers who wish to enjoy some of the city's top leisure attractions whilst being on the door step of some of the Leeds biggest employers.
The development is less than a 5 minute walk from The Victoria Gate shopping centre with John Lewis as the main tenant. Lovell House is also a short walk away from some of the Largest employers in the city, including The Department of Work and Pensions, BBC Yorkshire, Capita, Yorkshire Bank HQ and Lloyds Banking Group.
The development is well positioned for the new Leeds City Council HQ which will house all of the main services at Merrion House, which is also within a 10 minute walk. Merrion House is on Merrion Way which is also the home of The First Direct Arena and 'The New Front' Merrion Shopping Centre.
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