Lot
051
Auction Ends: 27/03/2024 12:57 - Bidding opens Tuesday 26th March 10:00 AM

1-8 Hampton House, Hampton Place, Leeds, West Yorkshire, LS9 8NU

Property Details
Location
Description
A rare opportunity to acquire a freehold block of 8 x 1 bedroom flats, on the fringe of Leeds city centre. The development is currently let to a charity and generating a net income of £60,400 per annum which is scheduled to increase to £63,400 per annum as of the 1st of April 2024. This equates to a return of almost 10%, based on the guide price. There are 8 x ASTs, for a term of 24 months, and the charity have expressed an interest in continuing this arrangement. Solicitors have also created leases for all flats, saving significant costs for the new owner should they decide to sell them individually in the future.

The Hampton Hotel / public house was converted to 8 x flats in 2016 and we have been advised the flats have been updated since.

All the flats have an EPC rating of C or D.

Please Note - Pugh & Co have only inspected two of the flats.

Location
Located in Richmond Hill area, with Leeds city centre less than a mile away.
Accommodation

Lower Ground FloorNot inspected
Ground FloorFlats 1-4 - Hall, Living Kitchen, Bedroom and Shower Room
First FloorFlats 5-8 - Hall, Living Kitchen, Bedroom and Shower Room


Outside
On street parking either side of the building.
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 26TH MARCH AND CLOSES ON WEDNESDAY 27TH MARCH.

3. Energy Performance Certificate = TBC

Our Nearest Office

Leeds 600x300

Leeds

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