Long lease, central location and reliable tenant for investor buyers.
Tenanted at £850 pcm providing immediate rental income
A well-located one-bedroom apartment on the 6th floor of Manor Mills, offered as a going concern with a sitting tenant paying £850 pcm. The property has a long lease (999 years from 2006) and double glazing, giving straightforward ownership and decent rental history for an investor seeking city-centre exposure.
The flat offers a separate bedroom with fitted wardrobes and floor-to-ceiling windows, a compact modern kitchen with integrated appliances, and a living area overlooking the inner courtyard. EPC C and Council Tax Band B keep running costs reasonable; broadband and mobile coverage are excellent for tenants in this central Leeds location.
Important buyer considerations: the property is sold via the Modern Method of Auction, so buyers must allow for auction-specific costs and verification processes, including a non-refundable reservation fee and a 5% deposit on exchange. Service charge (£1,552 pa) and ground rent (£370.39 pa) apply and should be factored into yield calculations. Heating is electric via room heaters rather than mains gas, which may affect energy costs and tenant demand.
This is a practical option for an investor wanting immediate rental income and long lease security close to Leeds city centre and transport links. Review the legal pack and tenancy details before bidding to confirm rental terms, costs, and auction commitments.
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