A VERY SPACIOUS 5 BEDROOMED END TERRACE INVESTMENT PROPERTY LET UNTIL JUNE 2024 IN THIS PRIME AND INCREASINGLY SOUGHT AFTER LOCATION, JUST A FEW MINUTES WALK TO THE MAIN UNIVERSITY CAMPUS' & LEEDS CITY CENTRE
Currently let until 30th June 2023 and re-let to five tenants from 1st July 2023 to 30th June 2024 at a gross rental income of £27,300 PA, exclusive of utilities, the property is being sold as an on-going concern benefiting from immediate income on completion.
It offers five generous large double bedrooms, a modern house bathroom & w/c and a separate w/c and has a good sized dining kitchen. There is a lounge and extensive unconverted basements. Additional features include UPVC double glazing, gas central heating, fire alarm system & fire doors.
There must be excellent scope to further increase the living accommodation to a substantial six bedroom property or create a separate self contained lower ground floor flat, by utilising the basement which occupies the entire foot print of the property and has additional access, all subject to the usual planning & HMO licencing consents.
Externally, there is a small rear year and parking is on street residents permit parking only.
We understand utilities are provided by Unihomes and this is a separate agreement with the utility company and the tenants.
We understand the property is currently managed by RightLet properties and any sale would be subject to the successful buyer retaining their services until the end of the agreed tenancy agreements.
Tenure – Freehold
Possession - Subject to tenancy
None of the listed or displayed appliances or services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment. If a third party agent is involved with the letting of this property, there may be associated obligations and fees for a buyer.
If a third party agent is involved with the letting of this property, there may be associated obligations and fees for a buyer. We advise your legal advisor checks any agreements or contracts prior to commitment.
This property is in an Article 4 direction area which relates to Houses in Multiple Occupation (HMO’s). Please see the Leeds City Council website for more information.
We advise your legal advisor checks any agreements or contracts prior to commitment. If you would like to make an offer on this property, please contact our office as soon as possible. Any evidence of funding you can provide to support your offer will help to inform the seller of your position. We strongly advise taking independent mortgage advice and can recommend a mortgage broker along with other property professionals.
These particulars including the description, measurements and photographs are intended to give a fair description of the property, but their accuracy cannot be guaranteed. Other information contained in this brochure is all in the public domain and obtained from various sources as listed in this report. These particulars do not constitute an offer or contract.
Devon Road, LS2
Valid until 06.12.2028
Property Type: | House | Build Form: | Enclosed End-Terrace |
Transaction Type: | Rental (private) | Energy Tariff: | Single |
Main Fuel: | Mains gas (not community) | Main Gas: | Yes |
Flat Top Storey: | No | Top Storey: | 0 |
Glazing Type: | Double glazing, unknown install date | Previous Extension: | 0 |
Open Fireplace: | 0 | Ventilation: | Natural |
Walls: | Solid brick, as built, no insulation (assumed) | Walls Energy: | Very Poor |
Roof: | Pitched, no insulation (assumed) | Roof Energy: | Very Poor |
Main Heating: | Boiler and radiators, mains gas | Main Heating Controls: | Programmer and room thermostat |
Hot Water System: | From main system | Hot Water Energy Efficiency: | Good |
Lighting: | Low energy lighting in 64% of fixed outlets | Floors: | To unheated space, no insulation (assumed) |
Total Floor Area: | 119 m2 |
Click the map pin to see details
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