Summary - Atkinson Street, Leeds LS10 1EU
1 bed 1 bath Apartment
Long lease, furnished investment with immediate income potential.
Tenant in situ paying £850 pcm; tenancy end date inconsistent, verify
A compact one-bedroom apartment in a converted industrial building close to Leeds city centre, offered with a tenant in situ and immediate rental income. The building was completed in 2020, benefits from a 250-year lease and is sold fully furnished — convenient for a buy-to-let portfolio seeking low-management handover.
The property sits in South Bank/Victoria Riverside with easy access to the River Aire, city centre transport links and local amenities. The flat is modern inside with an integrated kitchen and good natural light from large windows; broadband and mobile signal are reported as strong.
Buyers should note clear area challenges: recorded crime levels are very high and the wider neighbourhood is classified as very deprived. Service charge (£557.98 pa) and ground rent (£295 pa) are disclosed; floor area is modest at around 600 sq ft. The sale information includes inconsistent tenancy end dates — the tenant pays £850 pcm but the stated lease expiry appears as both November 2023 and August 2025, so confirm tenancy documentation and income before exchange.
For investors this represents a city-centre asset with a long lease and immediate income potential, but it also carries location-related risk that will influence resale and rental growth. Due diligence on the tenancy, management arrangements, and local market factors is recommended.
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