*** TERRACE PROPERTY IN PRIME LS7 LOCATION SPLIT INTO 3 SELF CONTAINED APARTMENTS *** FANTASTIC INVESTMENT OPPORTUNITY *** LONG ESTABLISHED FLATS FOR OVER 20 YEARS *** Stoneacre Properties are pleased to present to market this fantastic ready made investment opportunity of 3 self contained apartments. The property boasts great access to Leeds City Centre as well as to nearby Chapel Allerton and Roundhay. Flats 2 and 3 have undergone recent renovation works. The flats comprise open plan kitchen/living room, double bedroom and bathroom with shower. The property has been let out as flats for the last 20 years. There is also development potential in separate access basement area into 1 bed flat subject to planning.
The current rental yield for the property is £21,540 per annum broken down as follows:
Flat 1 - £475 PCM (increasing to £550 in August) - could achieve £675-695 PCM if on open market.
Flat 2 - £695 PCM
Flat 3 - £625 PCM.