* GUIDE PRICE £70,000 - £75,000 * INVESTMENT OPPORTUNITY * ONE BEDROOM APARTMENT IN ARMLEY * TENANTED UNTIL 2023 * GROSS YIELD OF 8.24% * Stoneacre Properties are pleased to be able to offer for sale this ground floor, one bedroom apartment that is a ready made investment with a tenancy agreed until 2023. The apartment is conveniently situated in Armley with great transport links and close to Leeds City Centre. The accommodation consists of entrance hall, lounge, kitchen, bedroom and shower room. The property is modern and well presented throughout and would be a great addition to an exiting portfolio or a first time investor.

Entrance Hall - Spacious entrance hall with storage cupboard housing hot water tank.

Living Room - 2.96 x 3.36 (9'9" x 11'0") - Wood strip laminate flooring, wall mounted electric heater and double glazed french doors.

Kitchen - 1.84 x 1.99 (6'0" x 6'6") - Wood effect modern kitchen with wall and base units, stainless steel sink and drainer, four ring electric hob, oven, extractor and white goods.

Bedroom - 2.54 x 3.44 (8'4" x 11'3") - Wall mounted electric heater and two sets of double glazed french doors.

Shower Room - Suite comprises; W.C, wash hand basin, shower and wall mounted heated towel rail.

Lease - We are advised by the vendor that the property is leasehold with a term of 989 years remaining. The current service charge is approximately £1,121 per annum and the ground rent is £300 per annum, A buyer is advised to obtain verification from their solicitor or legal advisor.

Tenancy - The property is currently let at £515 PCM until January 2023 therefore providing a gross yield of 8.24% and net yield of 6.35%

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Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.
No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.