75 Brudenell Grove

Located in the highly desirable north Leeds student area of Hyde Park, being particularly well suited to the existing hot food takeaway and residential uses. Self-contained hot food takeaway at ground and lower ground floors with commercial kitchens and food preparation facilities. The hot food takeaway is let by way of a 15-year IR&I lease from July 2019 with rent bond. The commercial unit rent of £15,540 per annum exclusive is subject to review on 04/07/24 in accordance with RPI. Using an online inflation calculator the estimated rent, as at the July 2024 review, will exceed £20,000 per annum. The first floor flat has been let as an Airbnb generating an
equivalent annual rental in the order of £17,000 per annum and, currently with guests in occupations seeking an extended stay paying £1,450 per calendar month. The residential element of the property is considered to be suitable as a two-bedroom student let, with the benefit of an occasional guest bedroom and/or study room. A purchase at a price of £350,000 based upon the current income
of £32,940 per annum represents a gross yield of 9.4% rising to an estimated 10.7% in July 2024 in conjunction with the RPI takeaway
review increasing the total rental income, to a currently predicted, £37,400 per annum (approx).