The Crescent Hyde Park, Leeds £575,000

A SUBSTANTIAL AND PROMINENTLY LOCATED FIVE STOREY PERIOD TERRACE ON HYDE PARK CORNER IN ONE OF LEEDS LEAFY CONSERVATION AREAS, CONSISTING OF A RESIDENTIAL HMO AND TWO COMMERCIAL UNITS, SITUATED IN THIS PRIME LOCATION, ON THE DOORSTEP OF OTHER LOCAL BUSINESSES AND A SHORT WALK TO THE OPEN SPACES OF HYDE PARK, THE UNIVERSITIES AND LEEDS CITY CENTRE.

CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.

The five storey property is being sold with the freehold and consists of a vacant six bedroomed HMO and two ground and lower ground floor commercial premises, let at a total rent of £17,500 p/a. One of the commercial units is let on a rolling basis and the other until 31st July 2028.

The HMO is accessed from the rear of the property and comprises of six bedrooms, a lounge, a kitchen, a bathroom w/c and a shower room w/c. The property is street lined to the front and there is a yard to the rear. Parking around the property is limited. The seller has a HMO Licence until 25th July 2027.

The businesses are unaffected by the sale.

The property must be of interest to experienced investors as the property must offer potential to generate a total income of circa £50,000 p/a!

Tenure – Freehold

Possession – The commercial premises are sold subject to existing tenancy agreements and the residential HMO is currently vacant possession on completion.

AML: Under UK Law, Estate agents are required to carry out Anti Money Laundering (AML) checks in line with regulations and guidance set out by HMRC. These checks include identifying the source of funds used to purchase a property and conducting identity checks on their customers. For any intending purchaser, we will require evidence of funding to support any offer and we will carry out an electronic identity check. We may also need to request photographic identification and/or proof of address.

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