Initial price	£320,000
29/01/25	£290,000
Price Change	-9.38%

A freehold building comprising five self-contained flats is being offered for sale by modern method of auction. The building is currently producing a net rental income of £28,477 per annum and is fully let to professional tenants on Assured Shorthold tenancies until October 2025. The flats are located approximately 1 mile north of Leeds city centre and are ideal for those working in the area. The property is being sold as a going concern and the current fixed term tenancies are unaffected. The building is held on a single freehold title and the current owner/landlord pays council tax and water rates, with each tenant paying their own electricity bills. The property has a great opportunity to increase the overall rental income further by upgrading the fixtures and fittings as and when a flat becomes vacant.