SOLD SUBJECT TO CONTRACT

Location iconNordic Hall, 18 Kelso Road, Leeds, LS2 9PR

Purple bed icon12 bedrooms

Purple bath icon6 bathrooms

Guide price £700,000

Property Summary

  • ***BEST & FINAL OFFERS BY 5.30PM ON FRIDAY 1ST OCTOBER*** Substantial Investment Property In Hyde Park
  • Prime Student Letting Area 5 Mins Walk From Leeds Uni Campus
  • Rental Income When Fully Let £57,000 Per Annum Including Bills
  • Licensed HMO With Usual Certifications
  • Owner’s Letting/Management Office
  • Laundry Room & 2 Storage Rooms (Spare Furniture, Tools, Etc)
  • Large Car Park To Rear
  • Letting History Available

“We have let and managed this student investment property for around 15 years,” says Michael Moore, a Director at Moores,” and it’s proven easy to let being within a few minutes’ walk of Leeds University Campus.”

“The fixtures and fittings are now dated and the property ideally needs a makeover to achieve the standards that today’s students expect. Our client’s portfolio is now geared to the professional tenant market and this student investment property no longer fits the portfolio profile, hence the reason for the disposal.

The rent could easily be uplifted with a refurb and some interior reconfiguration but there’s a basement with tremendous potential and if you could get planning permission for an extension to the rear, your could really optimise the accommodation.”

 

Angie Wright, the Director at Moores overseeing the management of this property, says:

“Nordic Hall is not your typical run-of-the-mill student property. We’ve never let it to groups of students, preferring to target individual students wanting a quieter place to live and study, yet wanting to be within a short walk of the university campus.

The property has worked well for our client over the years, with less ‘boisterous’ residents than your average 12 room HMO – in fact it used to accommodate 14 students, but in recent years some rooms have been merged to offer the occupants better space and facilities.

The potential is tremendous with further investment, whether as an ongoing student HMO or with a conversion into professional lets.”

Property Location

From the city centre proceed north along the A660 Woodhouse Lane from the Merrion Centre and continue over the inner Ring Road and past the University’s Parkinson Building and turn left at the traffic lights as you approach Hyde Park and Woodhouse Moor into Clarendon Road. Continue along Clarendon Road, through the pedestrian lights at the end of the Moor and then take the second major right into Kelso Road where this property can be found on the right. Please note the property used to be an hotel by the name of The Nordic.

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I knew my gut and head instinct to choose Moores was the right one – to my mind you are head and shoulders above any other firm I have come into contact with over my whole Headingley house-search. Very grateful to you for everything.

– Miss T

I’ve just left a Moores managed property after ten years renting there and I have always found them very professional. I liked the regular inspections, and maintenance always dealt with any issues quickly, even non-urgent ones. Communication was excellent, I’ve always been very happy with the service. I was sorry to leave.

– Hergerbabe Atkins

We bought our house through Moores and had a fantastic experience with the team, especially Michael. He was a brilliant communicator and kept us informed at every turn, ensuring the smooth purchase of our lovely home. Thank you!

– Freya Stockford

Thank you so much for all the hard work you did to ensure we got this house – we absolutely adore it… We really enjoyed working with you!

– Ms S & Mr F

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