13 Bed Apartment House For Sale Hall Road, Leeds, LS12
£950,000- Apartment
1 of 4
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Last Updated: 23rd May 2024
Description
Freehold block of 9 tenanted apartments with 8 parking spaces and a 9.3% Gross Yield (passing).
Monroe Commercial are exclusively instructed to offer for sale this brand new 'unbroken' freehold block of 9 apartments and 8 parking spaces with planning to upgrade to EV charging points.
This tenanted investment opportunity has an ERV of £92,400PA and a current passing income of £88,932 PA based on unfurnished lettings.
There is an opportunity to sell the apartments off on a long leasehold basis with forecast sales totalling in excess of £1,200,000. This would also create further value by way of a Ground rent investment income.
Location
Just off of Town Street in the vibrant suburb of Armley, this scheme is in a high tenant demand location and benefits from easy access to the many amenities of Town Street. In addition, this development enjoys fantastic connectivity to both Leeds City Centre via the A58 and to the West, the A6120 Ring Road is just a short drive away.
Leeds City Centre 1.9 Miles
Bradford City Centre 7.6 Miles
Leeds Bradford International Airport 7.2 Miles
Leeds train station 3.2 Miles
Leeds University 2.5 Miles
Morrisons HQ 5.7 Miles
This scheme was originally completed in 2022 and is fully let to private tenants.
This is an 'unbroken' freehold block of 9 apartments and 8 parking spaces with planning to upgrade to EV charging points.
Each of the apartments provide open plan living arrangements with fully fitted kitchens and integrated appliances including a fridge/freezer, oven and hob. .
Each property comes with gas central heating, each individually metered for electric, gas and smart metered for water.
Fixtures and fittings are to a good standard throughout, with bathrooms featuring toilet, basin, heated towel radiator, shower over the bath, with chrome fittings.
Viewings are Strictly with Sam Kellegher of Monroe on June 31st from 9am to 12 noon.
DATA ROOM available by request to
Best and final offers by 12 noon on June 7th 2024.
Monroe Commercial are exclusively instructed to offer for sale this brand new 'unbroken' freehold block of 9 apartments and 8 parking spaces with planning to upgrade to EV charging points.
This tenanted investment opportunity has an ERV of £92,400PA and a current passing income of £88,932 PA based on unfurnished lettings.
There is an opportunity to sell the apartments off on a long leasehold basis with forecast sales totalling in excess of £1,200,000. This would also create further value by way of a Ground rent investment income.
Location
Just off of Town Street in the vibrant suburb of Armley, this scheme is in a high tenant demand location and benefits from easy access to the many amenities of Town Street. In addition, this development enjoys fantastic connectivity to both Leeds City Centre via the A58 and to the West, the A6120 Ring Road is just a short drive away.
Leeds City Centre 1.9 Miles
Bradford City Centre 7.6 Miles
Leeds Bradford International Airport 7.2 Miles
Leeds train station 3.2 Miles
Leeds University 2.5 Miles
Morrisons HQ 5.7 Miles
This scheme was originally completed in 2022 and is fully let to private tenants.
This is an 'unbroken' freehold block of 9 apartments and 8 parking spaces with planning to upgrade to EV charging points.
Each of the apartments provide open plan living arrangements with fully fitted kitchens and integrated appliances including a fridge/freezer, oven and hob. .
Each property comes with gas central heating, each individually metered for electric, gas and smart metered for water.
Fixtures and fittings are to a good standard throughout, with bathrooms featuring toilet, basin, heated towel radiator, shower over the bath, with chrome fittings.
Viewings are Strictly with Sam Kellegher of Monroe on June 31st from 9am to 12 noon.
DATA ROOM available by request to
Best and final offers by 12 noon on June 7th 2024.
Agent Details
Monroe Estate Agents
3 The Avenue Alwoodley Leeds LS17 7BD
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.