*Guide | £325,000 (plus fees)
- Block of Apartments
- 7 Bedrooms
Call the team on 0113 393 3482 for more information
The leasehold titles for this block of 7 apartments are offered for sale via traditional auction. The block comprises of 3 x 2 bedroom apartments and 4 x 1 bedroom apartments. For people with a longer term plan, there may be an angle to look to purchase the freehold of the building, however, buyers are advised to do their own research in this regard. Five of the seven apartments are currently occupied generating a gross rental income of £41,040 per annum. Once the remaining 2 apartments are occupied (1 bedroom & 2 bedroom apartments) the block could generate in the region of £60,000 gross income per annum making this a great addition to a rental portfolio. The block is situated in a sought-after location, this property offers easy access to local amenities, schools, and transport links. Leasehold information: Lease Length - 999 Years from 24th October 2003 - For each individual apartment Service Charge - 01.01.26 to 31.12.26 - £2,061.76 - Combined total for all apartments. Ground Rent - Requested from the seller & awaiting information. Please note Auction House was unable to inspect apartments 1 & 4. It was also noticed that flat 3 on the first floor, had noticeable sloping floors. Buyers are advised to do their own research in this regard.
Lower Ground Floor
1 x one bedroom apartment & 1 x 2 bedroom apartment.
Ground Floor
1 x one bedroom apartment (not inspected) & 1 x two bedroom apartment.
First Floor
2 x one bedroom apartment (not inspected).
Second Floor
1 x 2 bedroom apartment.
Additional Information
Council Tax
Band A.
EPC
Ratings - D,D,C,C,C,C,C.
Tenure
Leasehold.
Disclaimer
Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Charges & Payments
In addition to the deposit Administration Charge: 1.5% inc VAT of the purchase price subject to a minimum of £2,100 inc VAT. Buyer’s Premium: £1,200 inc VAT.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - See above
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
