Under Offer
Leeds – High quality city centre opportunity providing 8 recently completed apartments
Stox Apartments, Second & Third Floors, 50-54 Albion Street & 35-35a Albion Place, Leeds, LS1 6AD
Offers in excess of £1,550,000
- Property Type:
- Residential
- Sub Types:
- Block of Flats, Flat, Investment, Multiple Flats
- Tenure:
- Long Leasehold
Description
- Long Leasehold
- Very well located property in Leeds city centre, neighbouring Trinity Leeds
- Comprising 8 apartments arranged as: 8 x one bedroom apartments and 1 x two bedroom apartment
- Finished to a very high quality throughout, with the development completed in 2020
- Currently fully let, producing an income of £94,620 per annum
- Potential to increase income to an Estimated Rental Value (ERV) of £100,200 per annum
- An asking price offer of £1,550,000 reflects a Gross Yield of 6.46% (based upon the ERV)
- Potential to operate the apartments as a short term or serviced lettings opportunity, which would considerably increase potential income further
Subject to contract