Residential investment opportunity. One bedroom first floor apartment. For sale by Unconditional Online Auction.

This one bedroom first floor apartment with communal parking is offered for sale via auction. The property is currently tenanted generating a gross rental income of £6,299.88 per annum which reflects just under a 14% gross yield return based on the guide price. This would make a great addition to a rental portfolio.

Whingate Mill is positioned for easy access to all that Leeds city centre has to offer, from a wide variety of shops, restaurants, and bars, to cultural attractions like museums and galleries. Additionally, residents can enjoy a range of local amenities just a short walk away, including parks, supermarkets, and other essential shops.

First Floor
Lounge/kitchen, bedroom and shower room.

Outside:
Communal parking area.

Leasehold Information 125 years from 1st January 2016. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Flood Risk Rivers and Seas No Risk. Surface Water Very Low.
Mobile Phone Coverage O2, EE, Three and Vodafone are available.
Broadband (estimated speeds) Standard 17 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.
Satellite and Cable TV Availability BT and Sky are available.
Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval.
Addendum There is no tenancy agreement provided in the legal pack and therefore we cannot confirm the rental figure given in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure: Leasehold

EPC Rating: C

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Buy It Now Auction and is being sold under and Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.