Eddisons Completes Sale of Leeds Apartment Block
The Leeds office of Chartered Surveyors Eddisons has completed the sale of a freehold investment apartment block near to Leeds city centre.
The Grange on Hough End Lane in Bramley comprises of 10 fully let one bedroom apartments, which produce annual income of £42,540. Also included in the sale is an additional parcel of land which currently has planning permission for a detached block of two residential dwellings.
The property and land has been purchased by the Leeds & Yorkshire Housing Association, off an asking price of £550,000.
Eddisons acted on behalf of the vendor, Treelark Investment Co Ltd.
Steven Jones, Associate Director at Eddisons said: ‘We have concluded this deal within six months of taking the property to market and in doing so have achieved an excellent price on behalf of our client.’
Written by: Richard Roe on Wednesday 01/10/2014