Student Let Among Auction Lots


A fully let student investment in Leeds is among the highlights of Eddisons’ next auction at Elland Road on May 21.

The property on Ash Road in Headingley comprises seven en-suite bedrooms which produce £28,756 per annum. The guide price is £260,000 to £280,000.

Meanwhile a substantial semi-detached property on Kirkstall Avenue in Leeds, arranged as 3 self-contained one bed flats producing £11,940 pa has a guide of £125,000 plus.

Also in Kirkstall a vacant 4 bed maisonette on Vesper Road comprising kitchen, dining room and lounge has a guide price of £65,000 plus.

A more modest bid of £29,000 could be enough to acquire a one bedroom back to back terrace in Armley, in need of refurbishment.

Commercial stock includes a mixed use investment in Halton comprising a ground floor shop and a 3 bed maisonette. The property is let to an established tenant and produces annual rent of £13,140. The guide price is £110,000 to £130,000.

Elsewhere, two modern ground floor retail units forming part of a large residential apartment development close to Call Lane in Leeds city centre which generate £5,196 per annum are guided at £120,000 plus.

A major tenanted commercial unit on Knowesthorpe Way in the Cross Green Industrial Estate producing approximately £86,000 per annum has a guide of £350,000 plus, a potential gross return of nearly 25%.

Other lots going under the hammer include Soothill Manor, a partially fire-damaged former 29 bedroom care home in Batley, which has a guide of £325,000 plus.

Robert Limbert Associate Director and Auctioneer at Eddisons says: ‘We have once again attracted a wide choice of lots across all categories at guide prices to suit all budgets.’

Full details of all lots are available to view by clicking here.


Written on Friday 08/05/2015