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Block of apartments for sale
Morris Lane, Leeds
£600,000
Morris Lane, Leeds
£600,000
Our Summary
- The apartments are currently broken down as follows:Flat 1: £725 PCMFlat 2: £625 PCMFlat 3 (studio): £595 PCMFlat 4: £700 PCMFlat 5: £675 PCMTotal monthly rental income: £3320Total annual rental income: £39,840Flats 2,4 and 5 all have the potential to increase the rent to circa £725
Description
Stoneacre Properties is offering a rare opportunity to acquire a block of 5 well-presented apartments in Kirkstall, with a current annual rental income of £39,840. The apartments are all currently let out, with a long history of successful letting, making it a great investment for those looking to grow their portfolio. The building is located on Morris Lane, with easy access to the local train station and bus routes, as well as on-street parking. The apartments are a mix of one-bedroom apartments and a studio, each with modern kitchens and bathrooms, and the potential to increase the rent in some cases. With an EPC rating of C or D, the apartments are energy-efficient and well-maintained, making them an attractive investment opportunity for anyone looking to purchase a ready-made portfolio.