A Portfolio of Properties, in LS8, LS9, LS11, LS12, LS13 and LS26, Leeds, LS8 3QT
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Property Description
Comprising thirty-one residential properties, this portfolio comprises a substantial and diversified income-producing investment located predominantly across key rental hotspots in Leeds, including LS11, LS9, LS8, LS12 and LS26. The properties are situated in areas traditionally favoured by both private tenants and local housing providers, offering excellent access to local amenities, public transport, employment hubs and Leeds city centre. The property addresses are as follows: 22 Mar
+ Read MoreAt present, the total gross passing rent amounts to approximately £210,420 per annum, with a full estimated market rent potential of around £230,220 per annum once fully let and optimised.
Portfolios of this nature and scale are seldom available in the open market. With strong rental demand across the Leeds conurbation and significant ongoing investment in the city’s infrastructure and housing, this portfolio offers both immediate income and long-term growth prospects for institutional or professional investors.
Auction Surveyor: Stuart Mackay
Contact: 020 8509 4447 / 07928 456 982
stuart.mackay@strettons.co.uk
It should be noted that not all of the properties have been internally inspected by Strettons.
Each of the properties held within the portfolio are FREEHOLD
For EPC information on the individual properties, prospective purchasers should refer to the legal pack.
The portfolio consists of a mix of terraced, semi-detached and back to back houses and self-contained flats, many of which are configured as terraced dwellings and purpose built blocks.
The majority of the properties are let on Assured Shorthold Tenancies, some to corporate entities, with a mixture of one- to four-bedroom units, providing flexibility for a range of tenant profiles.
Five of the thirty-one properties are currently vacant, presenting immediate opportunities for rental uplift or value-add initiatives through refurbishment or repositioning.
A more comprehensive breakdown of the individual properties, their features and finer points are detailed in lot listings 35 to 47, as are the individual guide prices.
The portfolio will be offered as one lot in the first instance and then as individual lots if not previously sold. However, offered in its entirety, the portfolio represents an attractive opportunity to acquire scale and yield in a single purchase.
The collective guide price is £1,950,000 plus, reflecting a gross initial yield of approximately 10.8% based on current income and offering further potential once fully rented.
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
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A Portfolio of Properties, in LS8, LS9, LS11, LS12, LS13 and LS26, Leeds, LS8 3QT
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