Leeds property: Bargains to be had at next Leeds auction

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Vacant and tenanted properties across Leeds are set to tempt investors at Eddisons’ next auction at Elland Road on April 16.

Among the lots is Virginia Cottage, a vacant five bedroom house close to Street Lane in the popular area of Roundhay. Arranged for multiple occupancy, it has previously produced annual income of £18,600. The guide price is £150,000-plus.

Meanwhile a newly constructed four bedroom house at The Blossoms in Methley is guided at £140,000 plus. Arranged over three floors the vacant property enjoys a spacious layout including a modern dining kitchen, separate lounge and a jack and jill ensuite to two of the bedrooms.

On the same development a vacant parcel of land with planning permission for a four bed detached house is available at a guide of between £40,000 and £60,000.

Other opportunities include a freehold mixed use investment on Tong Road. The end of terrace property comprises a hot food takeaway to the ground floor, a pair of one bed flats above and an advertising hoarding which together produce income of £19,496 per annum. The guide price is £160,000 to £180,000.

Elsewhere a fully let student investment in the Hyde Park area of Leeds producing £16,016 per annum is guided at £165,000 plus. Commercial opportunities include two purpose built freehold industrial buildings extending to over 19,600sq ft on Artist Street in Armley. The guide price is £170,000 to £180,000. Robert Limbert, Associate Director and Auctioneer at Eddisons says: “The catalogue includes a wide choice of lots.” www.eddisons.com/auctions.