Moorland Road, Hyde Park, Leeds, LS6

AN INVESTMENT OPPORTUNITY TO PURCHASE A TWO BED, TWO BATH GROUND FLOOR APARTMENT and OFFERED FOR SALE BY MODERN METHOD OF AUCTION. LEASEHOLD: 999 years from 2015. Service Charge: £1999 per annum. Ground Rent: £500 per annum. COUNCIL TAX BAND A.

GENERAL
Currently tenanted on an Assured Shorthold Tenancy until June 2024, this ground floor apartment forms part of a grand Victorian mid terrace property that was redeveloped in 2015. The main communal entrance is located on Moorland Road, opposite Hyde Park, however this apartment benefits from its own private entrance at the rear on Moorland Avenue. The current gross rental income is £10,399.92 per annum. Comprises: entrance hallway, open plan living room/kitchen, and two double bedrooms ? both with en suite shower rooms. NO ONWARD CHAIN.

AREA
Moorland Road is located in the prime letting area of Hyde Park, on the fringe of the city centre and within very easy reach of the Universities, Business School and Hospitals. The Woodhouse/Hyde Park area is a diverse suburb approximately 1 mile from the city centre, and is very popular with students (being so close to campus). The open spaces of Woodhouse Ridge and Hyde Park are close by, as are a number of independent shops and restaurants.

GROUND FLOOR
PRIVATE ENTRANCE/HALLWAY
This spacious hallway gives access to one of the bedrooms and leads to?

BEDROOM ONE (DOUBLE)
Located at the rear of the apartment, this double bedroom has hard flooring and leads to?

EN SUITE SHOWER ROOM
A stylish shower room with a walk-in fully tiled double shower enclosure with electric shower. Low level WC, pedestal washbasin and with the added benefit of a window.

LOUNGE/KITCHEN
An open plan reception room with hard flooring and a modern kitchen with a range of modern wall and base units. This contemporary kitchen has a complementary wood effect worktop and 'Metro' style splashback tiling. There is an integrated electric oven, hob and extractor hood, an integrated washer/dryer and under counter integrated fridge and freezer. Leading to?

INNER HALL
With the benefit of a fitted wardrobe and leading to?

BEDROOM TWO (DOUBLE)
With hard flooring and a window overlooking Moorland Avenue. Leads to?

EN SUITE SHOWER ROOM
With a fully tiled shower cubicle and electric shower, low level WC and pedestal washbasin.

OUTSIDE
There is a small private courtyard style garden for the tenants to enjoy, which is neatly fenced off. Moorland Road is strictly residents permit parking.

TENURE
Leasehold for a term of 999 years from 2015.

SERVICE CHARGE
Our sellers inform us that the service charge for 2023 is £1999, paid monthly at £166.66 pcm.

GROUND RENT
We understand the ground rent to be £500 per annum.

MANAGING AGENTS
Our sellers use Hancock & Bentley to let and manage the property on their behalf, for which they pay £114.44 pcm.

COUNCIL TAX BAND A

AUCTIONEER 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 buyer's 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.