10 Outwood Lane, Horsforth, Leeds, West Yorkshire LS18 4JA

Located on Outwood Lane, Horsforth, comes this substantial detached dwelling comprising 12 x studios. The property is fully let with a number of tenants having been in residence for 10-15 years. Currently generating a modest income of £57,000 per annum. However, based on todays market rents, the potential income is likely to be closer to £90,000-£100,000 once all units are brought up to date. Some of the units have not been upgraded for some time and improvements will be required as, and when, they become vacant.
Externally, there is a large front garden and a parking area to the rear. The site may lend itself to redevelopment, alteration of existing or conversion back into a family home. would suit a variety of uses and also sits on a substantial plot, ripe for redevelopment, all subject to any necessary consents.

Horsforth is a highly desirable part of North West Leeds and popular with professional tenants. The property is located close to the cafes and bars of New Road Side, and benefits from the new Kirkstall Forge train station, travelling direct into Leeds city centre.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% inc. VAT of the purchase price

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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.