Terraced House
This substantial through terraced house, in Armley, is a previously licensed HMO and is still arranged as such. Each of the four, upper floor bedrooms, has its own ensuite shower room and there are fire doors and a hard wired fire alarm system, throughout. Currently, the property is let to family, who have occupied the address for 15-20 years. The property generates £8,340 per annum which has potential to increase in line with current market levels.
So, whether you are looking for a stable buy to let, to maximise returns by exploring the HMO angle, or simply to buying in at a discount, this building can work for you.
Location
The property is located next to Charlie Cake Park, in Armley, less than 3 miles west of Leeds centre. There are local supermarkets, Armley town street and good bus links to central Leeds.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event 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 1.2% of the purchase price (subject to a minimum 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.
