Pennington Place, Leeds LS6

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£1,600,000
25 Bedrooms
25 Bathrooms

Exciting & Superb Investment Opportunity with Rental Guarantee (Optional) - Student Accommodation or Professional - Situated 5 minutes walk to University and 10 minutes walk to City Centre in the area of Woodhouse, Leeds. 25 Large Double Bedsits with individual washing facilities. Large development with potential to increase rental yield via refurbishment.

Currently fully let and achieving £110,000 p.a (approx 7% rental yield at £85.00 per room per week.
With minor refurbishment expected rental income £149,500 (approx 10% rental yield at £115 per room per week).
With major refurbishment expected rental income £195,000 (approx 12% rental yield at £145 per room per week)
With potential Conversion to studios Expected rental Income £210,000 (approx 13% rental yield at £165 per room per week)

rental guarantee & income security - for 3 Years based on using current Letting Agents (danhamz) (T&Cs Apply) - £100,000p.a

Disclaimer:
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.


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