Mixed use investment

Northern landlords looking to broaden their investments to include some retail property could have a look at this property in Leeds.  Offers sought are for near a million quid.  I would say that looks a bit 'toppy' for my mind but I'm no expert on the Leeds market. If it was me I'd be looking at a rental yield north of 8.5%.

Property details:

64-76 Aberford Road, Oulton, LEEDS, LS26 8HP

A purpose built detached freehold investment property situated over ground and first floors. The ground floor comprises three fully let lock-up shops.  The rent passing is currently £50,000 per annum and is subject to future uplift.  The first floor comprises five self-contained apartments (3 x 2 bed and 2 x 1 bed).  The flats are also fully let and produce an income of £32,700 per annum.  The total current rent passing is £82,700 per annum. are seeking offers in the region of £995,000 (Nine Hundred and Ninety Five Thousand Pounds), which reflects a net initial yield of 7.85% after costs calculated at 5.8%.

The sale of this property is subject to contract and existing tenancies.

 James Wilson
+44 (0)113 236 6679
james.wilson@allsop.co.uk

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