Great studio apartment at Echo Central Two, just a few minutes walk from the main shopping areas of Leeds City Centre. The apartment is situated on the third floor and is available to purchase as an ongoing investment. Current gross yield of 7.26%. Sold furnished.
INVESTMENT INFORMATION The property is sold with a tenant in situ. The tenancy term is fixed until 6th April 2024.
Current rent £575 pcm
The property is rented furnished and will be included in the sale, an inventory is available on request,
LEASEHOLD INFORMATION Lease term: 150 years from 1st January 2007
Ground rent £335.98 pa (reviewed every 10 years at RPI next review 2027)
Service charge for 2023 £716.10 pa (includes building insurance)
The development has a valid EWS1 certificate with a B1 rating.
THE APARTMENT The property comprises; entrance hallway with storage cupboard housing the hot water cylinder and washing machine. Opening into the open plan living area. Wood laminate flooring throughout and sliding patio doors lead to the balcony.
Open plan Kitchen with a range of fitted modern units, integrated appliances include; electric oven, hob and fridge with freezer compartment. The property currently has a sofa bed but has plenty of space if a tenant wanted to bring their own bed.
The shower room is partly tiled with thermostatic shower, hand basin, w.c. and chrome heated towel rail.