1-3 Victoria Court Park Road, Leeds

Asking Price of £400,000
For Sale
6 Bedrooms3 BathroomsApartment
  • Freehold Residential Investment
  • Three, Two Bedroom Apartments
  • Car Park
  • Total Living Space 205sqm (approx. 2206sq ft)
  • Buyer's Fees Apply
  • Subject To Reserve Price
  • For Sale by Modern Auction - T&C's Apply
  • EPC Ratings C on Each Apartment
  • Current Passing Rents £1,945 per month
  • £23,340 Per Annum

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FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £400,000 PLUS RESERVATION FEE Residential Investment - Rare opportunity to purchase three good sized purpose-built apartments, each offering spacious two bedroomed accommodation. All apartments are income producing and perfect renters being ideally placed within the sought after town of Guiseley, close to excellent shopping outlets, supermarkets and Guiseley train station serving Leeds, Bradford & Ilkley. The freehold sale includes the car park and the garden. There are three apartments, one on each floor. The total living space (taken from the official EPC Register) is 205sqm (2206sq ft) measuring. The break down is as follows: apartment 1. 67sqm (721sq ft), apartment 2. 68sqm (731sq ft), apartment 3. 70 sqm (753sq ft) The property is offered for sale through the Modern Method of Auction which is operated by iamsold Limited.

  • Freehold Residential Investment
  • Three, Two Bedroom Apartments
  • Car Park
  • Total Living Space 205sqm (approx. 2206sq ft)
  • Buyer's Fees Apply
  • Subject To Reserve Price
  • For Sale by Modern Auction - T&C's Apply
  • EPC Ratings C on Each Apartment
  • Current Passing Rents £1,945 per month
  • £23,340 Per Annum

Residential Investment - Rare opportunity to purchase three good sized purpose built apartments, each offering spacious two bedroomed accommodation. All apartments are income producing and perfect renters being ideally placed within the sought after town of Guiseley, close to excellent shopping outlets, supermarkets and Guiseley train station serving Leeds, Bradford & Ilkley. The freehold sale includes the car park and the garden.

There are three apartments, one on each floor. The total living space (taken from the official EPC Register) is 205sqm (2206sq ft) measuring. The break down is as follows: apartment 1. 67sqm (721sq ft), apartment 2. 68sqm (731sq ft), apartment 3. 70 sqm (753sq ft) 

Guiseley town centre is just a stones throw away and provides a wide range of facilities including excellent shops, supermarkets, cafes, restaurants and bars and there are also a number of schools throughout the area. In addition, Leeds and Bradford city centres together with many surrounding areas can be reached on a daily basis by either car or local bus and train services, Guiseley railway station being centrally located.The property is well placed and within easy reach of open countryside with many picturesque walks and there are also a variety of recreational facilities in the area, swimming pool and health centre.  

SCHEDULE OF CURRENT TENANCIES Apartment 1. Current Rent £575pcm Occupied since 2006

Apartment 2. Current Rent £675pcm Fixed Term Until August 2022

Apartment 3. Current rent £695pcm Fixed term Until January 2022

Gross Monthly Rent £1945 (as of July 2021)

Current Gross Annual Rent £23,340 (as of July 2021) 

AUCTIONNERS COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements:
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.  

TENURE The properties are offered with the Freehold which includes the three apartments, the car park and the garden.  

LOCAL AUTHORITY Leeds City Council. Tax Band B on each apartment. For further details on Leeds Council Tax Charges please visit www.leeds.gov.uk or telephone them on 0113 2224404. 

VIEWINGS Viewings are strictly by prior appointment via Dale Eddison. Please ring 01943 465465 or email guiseley@daleeddison.co.uk to arrange your viewing. 

FINANCING THE PURCHASE We are delighted to offer Whole of Market Mortgage advice through our relationship with Mortgage Advice Bureau. To make an appointment please ring 01943 465465 and we will arrange for our advisor to help you source the most suitable mortgage for your circumstances.

Dale Eddison Limited and Linley and Simpson Sales Limited are Introducer Appointed Representatives of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited who are authorised and regulated by the Financial Conduct Authority. We routinely refer buyers to Mortgage Advice Bureau Limited. You can decide whether you choose to deal with Mortgage Advice Bureau Limited. Should you decide to use Mortgage Advice Bureau Limited, Linley and Simpson Sales Limited will receive a payment of £347.50 from Mortgage Advice Bureau Limited for recommending you to them. 

GENERAL The measurements in these particulars are approximate and have been provided for guidance purposes only. The fixtures, fittings and appliances have not been tested and therefore no guarantee can be given that they are in working order. The internal photographs used in these particulars are reproduced for general information and it cannot be inferred that any item is included in the sale. 

MONEY LAUNDERING, TERRORIST FINANCING AND TRANSFER OF FUNDS REGULATIONS 2017 Money Laundering Regulations (Introduced June 2017). To enable us to comply with the expanded Money Laundering Regulations we are required to obtain identification from prospective buyers once a price and terms have been agreed on a purchase. Buyers are asked to please assist with this so that there is no delay in agreeing a sale. Please note the property will not be marked as sold subject to contract until appropriate identification has been provided.