Lot
059
Auction: December 2022 Online Auction 07/12/2022

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

Property Details
Location
Auction Details
Description
A residential investment opportunity comprising a studio apartment in a purpose-built block nearby to Leeds city centre. The tenant is believed to be holding over with a detailed rent of £600pcm (£7,200pa).
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 believes the apartment is of a studio apartment layout bedroom and living area with a separate kitchen area. 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. The current ground rent payable is £250pa.
Tenancy
The AST expired in August 2022 with an original rent of £575pcm, rising to £600pcm (£7,200pa) if the tenant holds over which is indeed the case.
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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