Standout Features
- Sold as a tenanted investment
- Current rental income of £7800 pa
- 7.43% gross yield
- Leasehold: 150 years from 2007
- EPC rating C
- Council tax band A
- 1st Floor apartment
- Sold furnished
- EWS1 Compliant: B1 Rating
Property Description
Investment opportunity. 7.43% Gross Yield. A one bedroom apartment located in the popular residential development Echo Central Two. The property is just a few minutes walk from the main shopping areas of Leeds city centre. Well presented and modern throughout.
INVESTMENT INFORMATION
The property is sold with a fixed term tenancy in place. The tenancy term is until July 2024.
The current monthly rental is £650 pcm but has scope to increase on the next renewal or re-let.
The property is rented out furnished to the current tenant.
LEASEHOLD INFORMATION Lease term: 150 years from and including 1st January 2007
We have been advised the following charges apply;
Ground rent £335.98 pa (reviewed every 10 years at RPI next review 2027)
Service charge for 2024 £1,406.43 (includes building insurance)
The development has a valid EWS1 certificate with a B1 rating.
THE PROPERTY The first floor apartment comprises; hallway with storage cupboard housing the hot water cylinder and washing machine. Open plan living area with wood effect laminate flooring throughout, Juliet balcony and electric wall mounted heater. The Kitchen has a range of modern cream gloss units with contrasting worksurface and an integrated electric oven, hob and fridge with freezer compartment.
The bedroom is accessed via a sliding door from the living room and is carpeted with electric wall mounted heater.
The shower room is partly tiled and has a shower unit, hand basin, w.c. and chrome heated towel rail.
Please note some photos are for illustration purposes only and some fixtures, fittings and decoration may differ.
INVESTMENT INFORMATION
The property is sold with a fixed term tenancy in place. The tenancy term is until July 2024.
The current monthly rental is £650 pcm but has scope to increase on the next renewal or re-let.
The property is rented out furnished to the current tenant.
LEASEHOLD INFORMATION Lease term: 150 years from and including 1st January 2007
We have been advised the following charges apply;
Ground rent £335.98 pa (reviewed every 10 years at RPI next review 2027)
Service charge for 2024 £1,406.43 (includes building insurance)
The development has a valid EWS1 certificate with a B1 rating.
THE PROPERTY The first floor apartment comprises; hallway with storage cupboard housing the hot water cylinder and washing machine. Open plan living area with wood effect laminate flooring throughout, Juliet balcony and electric wall mounted heater. The Kitchen has a range of modern cream gloss units with contrasting worksurface and an integrated electric oven, hob and fridge with freezer compartment.
The bedroom is accessed via a sliding door from the living room and is carpeted with electric wall mounted heater.
The shower room is partly tiled and has a shower unit, hand basin, w.c. and chrome heated towel rail.
Please note some photos are for illustration purposes only and some fixtures, fittings and decoration may differ.
Material Information
- Tenure: Leasehold
- Ground Rent: £336 per year
- Service Charge: £1,406 per year
- Council Tax Band: A
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Echo Central Two
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