Flat 16, Mandela Court, Sholebroke Avenue, LS7 3HB1 Bedroom Flat/Apartment
Council Tax
Band: A
Tenure
Leasehold
Lease Expiry
Unknown
This one bedroom apartment, in the purpose built development of Mandela Court, would make a good addition to a portfolio. The lease was recently extended, until 2175, which saves the new owner money and time as well as helping finance the property. Currently tenanted, the property is generating an income of £5,160 per annum which equates to a return of more than 9%. Rents levels have been increasing in Leeds suggesting there is scope to improve on this yield. Internally, the apartment has a gas heater, a hot water boiler, uPVC double glazing and currently achieves an EPC rating of C.
Located in Chapeltown, the apartment is less than two miles from Leeds city centre and even closer to the popular Chapel Allerton area.
Flat 3 Mandela Court is also for sale in our October catalogue should you wish to purchase both.
Lease details - The lease has 152 years remaining. The service charge is £712.92 per annum and ground rent may be found in the legal pack.
Additional Information
Apartment
Reception room, bedroom and bathroom
Council Tax
Leeds city council - Tax band A
Tenure:
Leasehold Service charge: £712.92 Length of Lease: 152 years remaining Ground rents: Please see legal pack
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 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
Unknown
Key Features
- For sale by auction on the 19th October 2022
- Guide price £55,000+
- One bedroom apartment
- Great addition to a portfolio
- Council Tax band A - EPC rating C
- Located in Chapeltown, the apartment is less than two miles from Leeds city centre and even closer to the popular Chapel Allerton area.
Description
This one bedroom apartment, in the purpose built development of Mandela Court, would make a good addition to a portfolio. The lease was recently extended, until 2175, which saves the new owner money and time as well as helping finance the property. Currently tenanted, the property is generating an income of £5,160 per annum which equates to a return of more than 9%. Rents levels have been increasing in Leeds suggesting there is scope to improve on this yield. Internally, the apartment has a gas heater, a hot water boiler, uPVC double glazing and currently achieves an EPC rating of C.
Located in Chapeltown, the apartment is less than two miles from Leeds city centre and even closer to the popular Chapel Allerton area.
Flat 3 Mandela Court is also for sale in our October catalogue should you wish to purchase both.
Lease details - The lease has 152 years remaining. The service charge is £712.92 per annum and ground rent may be found in the legal pack.
Additional Information
Apartment
Reception room, bedroom and bathroom
Council Tax
Leeds city council - Tax band A
Tenure:
Leasehold Service charge: £712.92 Length of Lease: 152 years remaining Ground rents: Please see legal pack
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 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.
