For Sale

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