June 30th, 2020
Thirty Leeds lots to go under the hammer at Eddisons auction
Vacant and tenanted properties, as well as commercial property and plots of development land in Leeds are to go under the hammer at Eddisons’ next Leeds property auction, which takes place at Leeds United Football Club on 25 February.
Nearly 30 properties will be up for auction, including 11 one-bedroom flats at Kingsdale Court in Seacroft. The flats are guided at £30,000-40,000 with the tenanted properties generating a rental income of between £3,000 and £5,000 a year.
Also on offer is a residential development site at Crank Cottage, off Albert Road in Morley. With full planning permission to develop four three-storey, five-bedroomed detached houses of around 2,200 sq ft each,] the site is guided at in excess of £220,000. Similarly, a potential residential development site at 32 Stonecliffe Drive in Farnley is being offered with a guide price of more than £30,000. The 0.14 acre plot is the site of a former garage, which has since been cleared, and is suitable for a single house or two flats.
The former Holbeck Day Centre on Holbeck Moor Road will be auctioned with a guide price of in excess of £100,000. The dilapidated, 3,000 sq ft, single-storey detached commercial premises, with pitched roof, stands on a site of more than half an acre. Unit 3 Linden House on Sardinia Street off Jack Lane in Hunslet is a two-storey, self-contained office building of more than 2,000 sq ft with eight parking spaces and is guided at more than £165,000.
Further investment opportunities include an end of terrace property at 28 Shafton View, containing seven self-contained studio flats which are fully tenanted, providing an annual income of £34,500 at a guide price of upwards of £115,000 and 2 Rokeby Gardens in Headingley. The vacant, three-storey, end of terrace house on the corner of Rokeby Gardens and Ash Road has around 1,700 sq ft of accommodation plus a basement and is expected to achieve in excess of £180,000.
Glenn Levison, associate director at Eddisons, said: “Leeds always holds a lot of appeal for potential investors and these lots offer an attractive range of opportunities across the city with some potentially very good yields.
“There is something for everyone, from straight-forward, fully-let properties providing an assured return to vacant properties and land with development opportunities and potential for longer-term capital gains.
“With both the commercial and residential markets performing well at the moment, we’re already receiving a lot of enquiries from around the country.”
The Leeds auction will take place on 25 February at Leeds United Football Club, Elland Roads, Leeds.
The full catalogues are available to view here.
With both the commercial and residential markets performing well at the moment, we’re already receiving a lot of enquiries from around the country.
Written by: on Wednesday 17/02/2016