Melbourne Mills, Melbourne Street, LS27 8BJ1 Bedroom Flat/Apartment
Council Tax
Band: A
Tenure
Leasehold
Lease Expiry
In 104 years
This one bedroom first floor apartment would make a good addition to a portfolio. Currently let to a professional and immaculately kept, the property is generating a healthy income of £6,600 per annum which equates to a gross return of more than 13%, based on the guide price. Externally, there are parking bays for residents. The development is located in Morley town centre and has good access to the White Rose Shopping Centre and motorway networks.
Lease details - 125 years from January 2004. Service charge for 2022 is £1,139 per annum and ground rent of £400 per annum.
Additional Information
First Floor
Living/kitchen, bedroom and a bathroom
Council Tax
Leeds City Council - Tax Band A
Tenure
Leasehold - 125 years from January 2004.
Ground Rent
£400 per annum
Service Charge
£1,139 per annum
Disclaimer
Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We would advise that any buyer make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Charges and payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT. Search Fees: £240 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Council Tax
Band: A
Tenure
Leasehold
Lease Expiry
In 104 years
Key Features
- For sale by auction on the 31st August 2022
- Guide price £50,000 +
- First floor, One bedroom apartment.
- High earning buy to let.
- Would make a great addition to any portfolio.
- EPC rating E/ Council tax band A.
- Located in Morley.
Description
This one bedroom first floor apartment would make a good addition to a portfolio. Currently let to a professional and immaculately kept, the property is generating a healthy income of £6,600 per annum which equates to a gross return of more than 13%, based on the guide price. Externally, there are parking bays for residents. The development is located in Morley town centre and has good access to the White Rose Shopping Centre and motorway networks.
Lease details - 125 years from January 2004. Service charge for 2022 is £1,139 per annum and ground rent of £400 per annum.
Additional Information
First Floor
Living/kitchen, bedroom and a bathroom
Council Tax
Leeds City Council - Tax Band A
Tenure
Leasehold - 125 years from January 2004.
Ground Rent
£400 per annum
Service Charge
£1,139 per annum
Disclaimer
Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We would advise that any buyer make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Charges and payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT. Search Fees: £240 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
