Portfolio of three purpose built luxury flats in highly sought after location in the middle of Roundhay, just off Street Lane, giving a 50% share of the block which comprises 6 apartments. The three flats benefit from 999 year leases and a share in the freehold of the building and its generous grounds.
The three flats are currently tenanted good quality tenants, producing £1875 pounds per calendar month exclusive (£22,500pa). There is also scope for modest rent increases in the short and medium term. The portfolio offers a healthy yield, requires very little active management, and will benefit from rental and capital increase in the future being in a prime location. There is also the possibility of long-term development potential of the building and the grounds in cooperation with the owners of the other 3 apartments, or by acquisition of those apartments over time.
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||1.4%||£358,333||5||2|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||£168,750 (4)||£154,361 (26)||£247,528 (67)||£343,332 (36)||£438,621 (12)|
|Flats||£116,298 (28)||£194,477 (31)||£299,989 (9)||£400,000 (1)||-|
|All||£122,855 (32)||£176,179 (57)||£253,740 (76)||£344,863 (37)||£438,621 (12)|