Lot
060
Auction Ends: 07/12/2022 14:22

518 Gateway East, Marsh Lane, Leeds, West Yorkshire LS9 8AY

Property Details
Location
Auction Details
Description
A residential investment opportunity comprising a two-bedroom apartment, situated in a purpose-built block nearby to Leeds city centre. The property is tenanted subject to a lease detailing a rent of £975pcm (£11,700pa).
Location
The apartment block is part of a development also containing a hotel and Nisa Local convenience store. Leeds city centre is approximately 0.5 miles to the west of the block, containing a wide range of amenities and national brands such as a John Lewis, Zara, McDonald's, Tesco Express, and H&M. The property has good transport links via the adjacent A61 and nearby A63 and A64. Leeds train station is approximately 0.7 miles from the property.
Accommodation
Pugh & Co has not inspected the property but believe it comprises an open-plan living room and kitchen, one bedroom with an en-suite, a second bedroom, and a bathroom. Buyers must not rely on this information and should satisfy themselves as to the accommodation. 
Tenure
The property is leasehold on a 150-year term commencing March 2006. We are told by the vendor that the current payable ground rent is £250pa.
Tenancy
The property is tenanted subject to a lease detailing a rent of £975pcm (£11,700pa), expiring March 2023. 
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 6TH DECEMBER AND CLOSES ON WEDNESDAY 7TH DECEMBER.

3. Energy Performance Certificate = B

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