Leeds city centre - Buy to Let opportunity

- One bedroom apartments from £80,000
- Projected Yield from 7.3% – 10.9%
- Based on purchase of £120,000 with a rent of £725 per month to sales price of £80,000 with a rent of £725 per month

Ideally situated just a short walk from the River Aire in the sophisticated Brewery Wharf area of Leeds, this refurbished development is situated on a corner plot near Dock Street, in possibly the most desirable area of Leeds, an area renowned for high quality residential conversions and a short walk from the city centre. Within 100 metres you have a selection of top class bars and restaurants and the delectable Simpsons Deli. Just a 7 minute walk from the train station.
Parking is available onsite for an additional charge.
The development was developed by a regional home builder who provides a high standard of finish throughout including flooring and white goods.
Leeds is situated on the M621, M62 and M1 for routes to all major destinations with Leeds Bradford airport around 10 miles away. Leeds Bus interchange and Leeds Mainline Station are within 5 – 10 mins walking distance of the development.
All the apartments are let, with a reputable lettings agent, at the rents noted above on assured short hold tenancies. Both units 67 and 47 have parking spaces hence they can charge a premium. Parking in Leeds city centre is usually found with 2 bed apartments only, and 1 bed units with parking are rare. Units without parking are not uncommon and still rent easily, for those living and working within the city centre.

General Unit Information
Guarantee: 10 years NHBC
Build type: New build, 12 months old
Site Mix: 75 units, one and two beds,
Sales to occupiers: 45
Sales To investors: 15
Flooring: Laminate to the lounge and hall, carpets to bedroom, tiles to bathroom.
Kitchen Spec: Oven hob and extractor including a washer dryer, fridge with freezer compartment
Bathroom Spec: Main bathroom includes a 3 piece contemporary white suite with chrome taps part tiled
Parking: Parking is only included to apartment 66, apartment 47 is let with on an AST with parking. Price to be confirmed re parking.
Floors: 6 stories
Wall Finish: Finished to high standard with emulsion walls and painted woodwork throughout
Heating: Electric
Floor Plans: On request
Specification list: Full list available on request
Service charge: £789 pa
Ground rent: £200 pa
Lease term: 997
Sales Terms  £1000 reservation fee non-refundable. Proof of funds required upon reservation 28 days for legal completion for all plots.