Block of apartments for sale

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Block of apartments for sale

Maude Street, Leeds
£1,060,000

Our Summary

  • The apartments are currently broken down as follows:Flat 1: £670 PCMFlat 2: £650 PCMFlat 3: £695 PCMFlat 4: £750 PCMFlat 5: £695 PCMFlat 6: £725 PCMFlat 7: £1295 PCMTotal monthly rental income: £5,480Total annual rental income: £65,760Flats 1,2,3,5 and 6 all have the potential to increase the rent to circa £750, and flat 7 up to £1400, increasing the total annual income to £70,800

Description

This rare investment opportunity presents a block of 7 well-presented apartments in a great location on Maude Street in Leeds. The properties are currently let out, generating a total annual rental income of £65,760, with potential for increases to £70,800. The apartments are a mix of one and three-bedroom properties, each with modern kitchens and bathrooms. The location is highly desirable, offering easy access to local amenities, bus routes, and on-street parking. The freehold property is available for purchase, providing a unique chance to grow a property portfolio or generate passive income. With a strong rental history and potential for increased income, this is an attractive opportunity for investors seeking a ready-made investment.
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