.png)
Freehold Ground Rent Investment At , 11 Hanover Square, Leeds, West Yorkshire LS3 1AP
Marketed by:
BTG Eddisons
340 Deansgate, Manchester M3 4LY, UK
0345 646 2288
Ground Rent Investment – Leeds
Freehold Ground Rent Investment At , 11 Hanover Square, Leeds, West Yorkshire LS3 1AP
For Sale
£2,500+
Key Features
Ground Rent Investment
Located in Leeds
Guide price £2,500+
Status: For Sale
Description
Description The Freehold interest in this imposing city centre period building, let to Number 11 Hanover Square Limited by way of a 999 year and one day lease from 1st January 1986 at an annual ground rent of £250. Site Area Approximately 660 sq m (789 sq yds). Tenure Freehold Occupancy Subject to a lease
Investment Analysis
Investment Snapshot
| Guide Price | £2,500+ |
| Refurbishment / Works Budget | £8,500–£18,000 |
| Purchase + Works | £11,000–£20,500 |
| Estimated GDV | £3,000 low / £3,000 base / £3,000 high |
| 75% Refinance – Base GDV | £2,250 |
Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.
Market Comparables
Specialist asset: working market value is estimated from guide, asset type, income/development potential and local market evidence; midpoint £2,750.
HB estimated GDV: £3,000 low / £3,000 base / £3,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.
Proposed Works
| Compliance/surveys | £1,000–£2,000 |
| Repairs | £1,500–£3,500 |
| Decoration/flooring | £2,000–£4,500 |
| Kitchen/bath contingency | £2,500–£5,000 |
| Contingency | £1,500–£3,000 |
| Total | £8,500–£18,000 |
The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.
Strategy & Value Analysis
This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.
Key Risks
Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.
Auction Details :
BTG Eddisons
Auction Date :
29/09/26
Lot Number :
006
Property Location:
Freehold Ground Rent Investment At , 11 Hanover Square, Leeds, West Yorkshire LS3 1AP
View our Property Calculators:
-
BRRR Calculator - Estimate your potential returns after refurbishment and refinancing.
-
Buy to Let Calculator - Calculate rental yield, cash flow and potential return.
-
Property Development Calculator - Assess development costs, GDV and potential profit.
-
Build Cost Calculator - Estimate refurbishment, extension and construction costs.
-
Bridging Finance Calculator - Estimate borrowing costs and potential finance requirements.