Sold

Leeds – Freehold investment opportunity comprising 66 apartments

Old School Lofts, Whingate, Armley, LS12 3BW

Offers in excess of £5,850,000

Property Type:
Residential
Sub Type:
Block of Flats
Tenure:
Freehold

Description

  • Freehold
  • Comprising 66 flats in total
  • 9 sold subject to long leases
  • Unsold flats
    • 26 subject to Assured Shorthold Tenancies
    • 27 subject to Periodic Tenancies
    • 4 Vacant (one sold STC)
  • Total current rent reserved: £405,720 pa
  • Estimated rental value: £424,500 pa
  • Gross yield: 7.3% (based on ERV)
  • Ample car parking
  • Attractive break-up or rental opportunity