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Upcoming auction: 30th Apr

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Lot

074

Auction Ends: 30/04/2025 13:39 - Bidding opens Tuesday 29th April 10:00 AM

Armley Manor, Mistress Lane, Leeds, West Yorkshire LS12 2HL

Guide Price

£650,000 plus

Additional Costs / Fees will apply

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Property Details

Location

Description

High yielding Cat A Licensed HMO comprising 30 rooms subject to the tenancies as detailed in the legal pack. The property was formerly a children's home, having been adapted and improved to provide residential accommodation for university students. The building has been generating £130,000+ per annum when fully let, and, at the time of writing, 25 of 26 rooms were occupied (see rent schedule).

In addition to each room, the accommodation also includes six bathrooms, three kitchens, two TV lounges, a table tennis room, a laundry, nine separate wc's together with parking, two garages and rear gardens.

Please note - Due to the building being a busy student residence, access to residents bedrooms will be limited. Most of the images of the bedrooms were provided by the seller when vacant, with Pugh & Co providing the rest.

Location

The property has a frontage to Mistress Lane, the continuation of Stocks Hill and Town Street, and is within a few minutes walk of the Armley district shopping centre. In addition, the property is located close to Stanningley Road, the main A647, and is conveniently placed for bus routes into Leeds city centre and the various buildings and campuses of Leeds University and Leeds Metropolitan University. The property is located approximately two miles west of Leeds city centre.

Outside

Car parking to the front of the property with two garages. There are garden areas to the side and rear.

Approx Site Area

Approximately 0.13 Hectares (0.32 Acres)

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 29TH APRIL AND CLOSES ON WEDNESDAY 30TH APRIL.

3. The floor layout plans provided on the website are indicative only and interested parties should satisfy themselves as to the accommodation.

4. Energy Performance Certificate = D.