This one bedroom first floor apartment is offered for sale via traditional auction. The property is currently tenanted generating £5,700 gross rental income per annum, this reflects a 15.2% yield return based on the guide price. This would be a great addition to a rental portfolio.

The property enjoys a pleasant position in central Morley and is within walking distance of Morley Centre. Offering close links into Leeds City Centre, good amenities, train station, bus services and great motorway connection.

Leasehold information:
Length of lease - 99 Years from January 2006
Ground Rent - £500 per annum
Service charge - A contribution is to be made to works required in the communal areas as and when required.

AccommodationFirst Floor

Lounge/kitchen area, bedroom and bathroom

Additional InformationCouncil Tax

Leeds City Council - Band A

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 And Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 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.