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AHLUX HOUSE, MILLWRIGHT STREET... 1 bed flat for sale
AHLUX HOUSE, MILLWRIGHT STREET,, LEEDS, LS2
£50,000
AHLUX HOUSE, MILLWRIGHT STREET,, LEEDS, LS2
£50,000
Our Summary
- Being sold via a modern auction method, where buyer fees apply – is this 3rd floor, 1 bedroom apartment
- The property has been rented since 2020 at £600pcm, but the potential rent is £825pcm
- The property requires fire remediation works, which will cost any purchaser in excess of £14,000 – as the current owners are non-qualified
- Council Tax - Band BLease Term - 196 years remainingHeating – Electric, via a meterWater - Mains connected, via a meter Broadband - No issues to report Mobile – No issues to report Construction type – Brick Building Safety – EWS B2 rated Flood Risk:- No Planning Permissions:- NoneTHE DEVELOPMENT:-Ahlux House is a 2006 new-build development, located on Millwright Street and just behind Regent Street
- This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
- Being sold via a modern auction method
Description
This 3rd floor, 1-bedroom apartment in Ahlux House, Millwright Street, offers incredible value with a potential 15% gross return. The property features a well-planned open-plan living area with floor-to-ceiling windows and a large, glazed balcony. The apartment has one allocated covered parking space, a rarity in this location. The property has been rented since 2020 at £600pcm, but the potential rent is £825pcm. However, it requires fire remediation works, which will cost the buyer over £14,000. The property is located in a central city area, close to Victoria Gate and John Lewis, and is being sold via a modern auction method with buyer fees applying. The lease has 196 years remaining, and the ground rent is £0. The property also has a service charge of £2,419pa, which includes buildings insurance, and is rated B for energy efficiency.