262 -280, Cardigan Road, LEEDS, West Yorkshire, LS6 1QL

10 X three-bedroom, self-contained flats.
Ideal student let.

Description:
A detached, multi-unit residential block, comprising of 10 x three-bedroom, self contained apartments with a gated car park area for 15 cars. The flats are arranged over 3 & 4 levels within two blocks which are linked. Each property has its own mains services, gas fired central heating, secure entry and currently comprise of an entrance hallway, good size open plan lounge/ kitchen, one larger bedroom and two smaller, a bathroom with a 3 piece suite and additional Wc. All but one have a similar layout, with the lower ground floor flat having an additional, separate entrance. Block 1 comprises of 3 apartments and Block 2 has 7 units, all would benefit from some updating and refurbishment and due to their size, could offer scope to reconfigure to create four bedrooms in each and increase the potential yield further (subject to necessary consents being granted). Set in popular area, close to other student accommodation, convenient for the city centre and university campuses. The property occupies a good-sized corner plot approximately one mile from the city centre, near to the A65 Kirkstall Road and within a reasonable walking distance of the universities. Leeds offers excellent commuter links via the M621 onto the M62 & M1, offers a good rail network and Leeds Bradford airport is approximately 7 miles away. The property will appeal to a broad range of investors not only in the student market but offers the option to split the title and sell each apartment individually, due to its close proximity to the city centre. Once refurbished and let, this lot offers the potential to be a high yielding investment purchase.

Tenure: Freehold.

EPC Ratings: Range between B & C ratings. Please refer to the legal pack for individual ratings.

Council Tax Bands: A

Viewings: W H Brown Northern Auction Centre, 38 High Street, Bawtry, Doncaster, South Yorkshire, DN10 6JE. Tel. 01302 710490





Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
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Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.