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Station Road Apartments, Cross Gates

Prices from £79,950, select units include a secure parking space

Gross Yield up to 7.5%   |   Long Leasehold 990 years remaining 

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We are pleased to offer this portfolio of 11 x 1 and 2 bedroom properties in the Station Apartments development in the heart of Cross Gates, Leeds. All apartments are currently tenanted and producing income but can also be made available with vacant possession for owner occupiers. The portfolio can be bought as a whole or as individual units.

Station Apartments was originally completed in 2006 and are locally recognised as the superior block of purpose built accommodation, due to the specification, well maintained communal areas and location within Cross Gates.

These properties are available on a long leasehold interest with 990 years remaining and an annual ground rent payable of £250. Service charges are very reasonable and certainly offer value for money in the context of the developments condition.

Station Apartments have a long term track record for occupancy/demand and this portfolio of one bedroom furnished apartments are an excellent example of this. At £80,000 for a one bedroom apartment, this means an initial Gross Yield of 7.5% and potential 15% return on cash invested for a buy to let mortgage purchaser (based on 75% LTV @3.5% PA mortgage payments).
 

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We may use your details to contact you from time to time specifically to discuss investment opportunities. By providing your information you are agreeing for us to be able to contact you. We will only ask for this information once.


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Register once for access to further information on all our investments.


We may use your details to contact you from time to time specifically to discuss investment opportunities. By providing your information you are agreeing for us to be able to contact you. We will only ask for this information once.


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North Street Lofts
 
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