Development Conversion Opportunity
Total GIA 487 Sq M (5,244 Sq Ft) Site Area 0.12ha (0.297 acres)
Suitable for various uses, subject to planning consent
Offers invited in the region of £575,000 for the freehold interest, subject to contract
Offers to be received no later than 12 noon Friday 15th June 2018
12 FIVE AND SIX BEDROOM HOUSES AND UNBROKEN BLOCK OF 22 APARTMENTS
Rare opportunity to acquire two recently constructed and income producing freehold residential investments in north Leeds
12 houses comprising 4 five beds and 8 six beds
Unbroken block of 22 self contained apartments comprising 18 studios and 4 one beds
Constructed to a high standard and specifically designed for students and young professionals
33 lettings on Assured Shorthold Tenancies
1 studio apartment currently vacant
Current projected 2017/18 gross rental income £596,039
17 lettings agreed for 2018/19, including 9 rent increases
Estimated 2018/19 gross rental income (assuming fully let) £639,019
Attractive location for both students and young professionals in close proximity to Universities, Leeds City Centre and Headingley town centre, as well as Burley Park
Modern high quality business unit
GIA 473.7 sq m (5,097 sq ft) plus mezzanine
Includes 115.1 sq m (1,239 sq ft) office content
Popular location close to A180
( Agency Pilot Software Ref: 446 )
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