Apartment
Sure to appeal to investors is this modern two-bedroom, first floor apartment, on Morley high street. Being sold tenanted, the apartment currently generating a healthy income of £7,500 per annum. This equates to a gross return of 12.5% based on the guide price. Accommodation comprises living kitchen, two bedrooms and bathroom. The building has a lift and intercom system.
Location:
Within walking distance to shops, supermarket, town hall, leisure centre and the local park. Morley can be found 6 miles southwest of Leeds city centre.
125 years from January 2016. In 2021 - Ground Rent was £350 per annum and Service charge £1697.65 per annum. Please refer to the legal pack for up-to-date figures. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Rivers and Seas No Risk. Surface Water Very Low.
Morley Town Centre.
O2, EE, Three and Vodafone are available.
Standard 19 mbps.
BT and Sky are available.
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
116
- Heating Supply: Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
