1 bed flat for sale

Mertensia House, 77A Mabgate, Leeds, West Yorkshire LS9

Investment opportunity – tenant in situ.

6.51% Net Yield.

Available to investors only, as a new tenancy agreement has recently been signed and the property must be purchased with the tenant in situ. The property is currently achieving £700 pcm, having previously achieved £750 pcm, providing an established rental income from completion.

Well positioned within the vibrant Northern Quarter, this one-bedroom furnished apartment offers excellent access to Leeds Inner Ring Road, the university campuses, St James's Hospital and a wide range of local amenities. The apartment itself is bright and spacious, comprising an entrance hall with intercom entry system, an open-plan living kitchen with laminate flooring and electric panel heating, a fitted kitchen with a range of wall and base units and integrated appliances, a generous double bedroom with built-in storage, and a modern shower room fitted with a shower cubicle, WC and wash hand basin.

The development benefits from a secure communal entrance with mailboxes, lift access and stairwell serving all floors.

Lease Information:

Leasehold

189-year lease from 2004, leaving approximately 167 years remaining.

The service charge is approximately £3,190 per annum, which will be confirmed by solicitors through the management information pack. The lease has been extended and benefits from a peppercorn ground rent.

Council Tax Band A.

Special Note: The vendor of this property is an employee and/or connected party of Cherry Picked Properties.

Disclaimer:

These particulars do not constitute or form part of an offer or contract and should not be relied upon as statements or representations of fact. All measurements are approximate and for guidance only. References to appliances, services or equipment do not imply that they are in working order or fit for purpose. Prospective purchasers should satisfy themselves through their own inspections and enquiries, including verification of tenure, fixtures and fittings, planning permissions, building regulations and any other matters via their solicitor.