716 King Lane
Alwoodley
West Yorkshire
LS17 7BA
FREEHOLD BLOCK OF 9 TENANTED APARTMENTS
Offers Over £950,000 Sold (STC)
13 Bedroom Apartment
- Fully tenanted block of 9 apartments £89,0000 PASSING RENT PA
- Strong lettings location with 9.3% GROSS YIELD
- 6 x 1 bedroom
- 1 x 3 bedroom
- 2 x 2 bedroom
- 8 parking spaces
- Viewings on Friday 31st May 9-12 noon by appointment
- Extensive data room access on request
- Fully managed option available
- Unconditional offers by Friday 7th June 12 noon.
Freehold block of 9 tenanted apartments with 8 parking spaces and a 9.3% Gross Yield (passing).
Monroe Commercial are exclusively instructed to offer for sale this brand new 'unbroken' freehold block of 9 apartments and 8 parking spaces with planning to upgrade to EV charging points.
This tenanted investment opportunity has an ERV of £92,400PA and a current passing income of £88,932 PA based on unfurnished lettings.
There is an opportunity to sell the apartments off on a long leasehold basis with forecast sales totalling in excess of £1,200,000. This would also create further value by way of a Ground rent investment income.
Location
Just off of Town Street in the vibrant suburb of Armley, this scheme is in a high tenant demand location and benefits from easy access to the many amenities of Town Street. In addition, this development enjoys fantastic connectivity to both Leeds City Centre via the A58 and to the West, the A6120 Ring Road is just a short drive away.
Leeds City Centre 1.9 Miles
Bradford City Centre 7.6 Miles
Leeds Bradford International Airport 7.2 Miles
Leeds train station 3.2 Miles
Leeds University 2.5 Miles
Morrisons HQ 5.7 Miles
This scheme was originally completed in 2022 and is fully let to private tenants.
This is an 'unbroken' freehold block of 9 apartments and 8 parking spaces with planning to upgrade to EV charging points.
Each of the apartments provide open plan living arrangements with fully fitted kitchens and integrated appliances including a fridge/freezer, oven and hob. .
Each property comes with gas central heating, each individually metered for electric, gas and smart metered for water.
Fixtures and fittings are to a good standard throughout, with bathrooms featuring toilet, basin, heated towel radiator, shower over the bath, with chrome fittings.
Viewings are Strictly with Sam Kellegher of Monroe on June 31st from 9am to 12 noon.
DATA ROOM available by request to sam@monroeestateagents.com
Best and final offers by 12 noon on June 7th 2024.
Property is to be "SOLD AS SEEN"
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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