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

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