Complex Of 8 Flats With Tenants In Place For Sale In Leeds United

Description

Complex of 8 Flats with Tenants in Place For Sale in Leeds United Kingdom

Esales Property ID: es5554890

Flats 1-8, 238 Dewsbury Road, Leeds , West Yorkshire LS11 6ER

Prime Investment Opportunity: Fully Let Apartment Building in Beeston, Leeds

This substantial through-terrace property presents an excellent investment opportunity in the highly sought-after rental market of Leeds. Located at 238 Dewsbury Road in the Beeston area, the building is strategically situated approximately one mile from Leeds city centre, offering residents convenient access to the city’s major employment hubs, universities, and vibrant amenities. The property is currently fully let and boasts an impressive gross rental income of £64,608 per annum, providing immediate and significant cash flow for a prospective investor. This established income stream, combined with the property’s prime location in a high-demand rental zone, makes it a compelling acquisition for expanding a portfolio or entering the market at a strong income level. The sheer scale and existing occupancy underline its viability as a robust, income-generating asset.

The building has been intelligently configured to maximize rental yield, comprising a total of eight self-contained studio apartments. This separation ensures ease of management and efficient operation. Crucially, each of the eight individual flats is separately rated for council tax, simplifying tenant responsibilities and reducing administrative burden on the landlord. Furthermore, each unit contains its own dedicated electric submeter, meaning tenants are individually responsible for their energy consumption. The only utility expense borne by the landlord is the water usage for the entire property. This structure is highly beneficial, as it minimizes ongoing operational costs and maximizes net income, making the reported gross income figures highly attractive from a net cash flow perspective. The consistent layout and management structure of the eight studios streamline the letting process and tenant turnover management.

The internal structure of the property is systematically organized across four floors to accommodate the eight studio units. The lower ground floor, ground floor, and first floor each contain a configuration of one flat and one studio, indicating a mixture of layouts or unit sizes within these levels. The second floor is dedicated to accommodating the final two studios, completing the eight-unit total. This diverse arrangement across the levels contributes to the building’s overall usable area and operational capacity. While specific floor plans are not provided, the distribution highlights a substantial conversion from a traditional terrace structure, ensuring a high density of leasable units. Externally, the property is a classic through-terrace design, featuring an enclosed yard area to both the front and the rear, providing valuable outdoor space and independent access for the residents.

It is imperative that all interested parties are aware of a significant regulatory condition currently affecting the property. A prohibition notice has been served on the building. This notice strictly stipulates that each apartment can only be occupied by a single occupant. Compliance with this regulation is non-negotiable and affects the future occupancy and tenancy agreements of the property. The current tenancy agreements are stated to be in compliance with this single-occupancy obligation; however, prospective buyers are strongly advised to conduct their own thorough research and due diligence regarding this notice, its implications, and any potential future requirements or restrictions that may be imposed by the local authority. Buyers should seek independent legal and planning advice to fully understand the long-term impact of this regulatory constraint on the property’s potential.

The sale is being conducted with a clear disclosure regarding the provided information. The photos available for the property date back to 2024, and the auction house has explicitly stated that it has not inspected the full property. Therefore, potential purchasers are urged to rely on their own physical inspections and detailed surveys to verify the current condition, fittings, and operational status of all eight units, particularly given the historical nature of the building and the demands of its current intensive commercial use. The address of the property is clearly identified as Flats 1-8, 238 Dewsbury Road, Leeds, West Yorkshire LS11 6ER. This opportunity represents a high-yield investment with established income and a critical mass of units, balanced by the need for careful regulatory review concerning the permanent single-occupancy constraint.

ABOUT THE AREA

Dewsbury Road, specifically the area around the LS11 6ER postcode, is a major arterial route that forms a crucial connection between South Leeds and the city centre. This area is chara