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£60,000

St. Michaels Lane, Headingley, LS6

  1 Bedrooms

  1 Bathrooms

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Key features

  • Ready Made Investment
  • Sold Via Secure Sale
  • Immediate Exchange of Contracts Available
  • Great Location
  • Perfect for Student and Professionals
  • Yield 11.7% (Net) 16.5% (Gross)

Full property description

This Premier Luxe Studio is Located on the top floor of this purpose build, modern development at The Pavilion Apartments in Headingley, Leeds. 

A Great investment opportunity!! Currently advertised for rent at £825 PCM. Potential to be achieving around 11.7% Net or 16.5% Gross Yield

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £60,000

This naturally light studio apartment comes fully furnished with white goods, with an on site gym, a roof terrace and communal areas, Located in the heart of Headingley just opposite the Tetley's sports stadium with great transport links and easy access to all universities and the city Centre, it is the perfect fit for students and young professionals. 

The Building is managed by Liv Group Ltd. 

Ground rent £396.48  PA 

Service charge £1803.50 PA

Bills

Broadband £47.09 PQ 

Electricity (On average) £38 PCM

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £60,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.


Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the HOP on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold at unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the HOP and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

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