Armouries Way, Leeds
£145,000 (Tenant Fees)

This is a great opportunity for an investor looking for a tenanted property ready to go.

The apartment is located on the first floor of Magellan House at Leeds Dock and is in really good order. Magellan House has just undergone the fire safety and cladding works and now has an EWS1 rating allowing for commercial lending on the properties.

This property is occupied by long term tenants and the current gross rental yield is 6.6% optimised yield c 7.1% gross.

Contact us today to book a viewing if you are looking for your next portfolio addition.

Location
The apartment is located in Leeds Dock in the popular Leeds Riverside area adjacent to Crown Point Bridge, close to numerous restaurants, bars and cafes. The Leeds dock also have a range of convenience stores and restaurants on site and is a short walk away from all of the City Centre amenities.

Entrance Hall
with wood laminate flooring, a video entry phone system and access to the storage cupboard, housing the hot water cylinder and air filtration system

Open Plan Living area
with wood laminate flooring, TV, telephone and satellite points, with a Juliet balcony.

Kitchen
With a comprehensive range of base and wall units comprising, cupboards, drawers, feature storage and glass fronted units, stylish glass working surfaces with inset stainless steel sink and splash-back. The Integrated appliances include a full height fridge/freezer and a washer dryer. There is a stainless steel Neff oven and glass topped hob with a canopy over, under unit lighting

Bedroom One
a spacious, carpeted, double bedroom.

Bathroom
A fully tiled bathroom incorporating a bath with shower, low suite WC and wash hand basin. With Heated towel rail.

Leasehold Information
Ground rent £200 per annum, Service charge £2988 per annum. Lease term 150 years from 2003.