Property for Auction in West Yorkshire - 97 Spen Lane, Leeds , West Yorkshire LS16 5EL

This one bedroom first floor apartment is offered for sale via traditional auction. The property is currently tenanted generating a gross rental income of £6,900 per annum however this is increasing to £7,2000 per annum from 1st August 2025, the increased rent reflects a 9.6% gross yield return based on the guide price. This would make a great addition to a rental portfolio.

The property offers access to local shopping and travel link to Leeds city centre and the university.

Leasehold information: Lease length - 125 Years from 16th July 1990 Ground Rent & Service Charge - Requested from the seller & awaiting information. Tenure Leasehold. Ground Floor Porch entrance. First Floor Lounge, kitchen, bedroom and sunroom. ADDITIONAL INFORMATION Council Tax Band A. EPC Rating D. Tenure Leasehold. Disclaimer Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change. Charges & Payments In addition to the deposit Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT. Searches £300 inc VAT Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - See above Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.