The building comprises of a 2 storey, brick built detached property, where the ground floor is utilised as a veterinary practice, with the property attaining clinical rooms, storerooms and WC facilities.
The first floor is used as a staff living quarters, comprising of one bed, a WC and a living area.
To the side of the property is a forecourt of which is used for customer/ staff parking.
There are two points of access- one is located at the front door and the other is located around the side, which is used by IVC staff.
Location
The property is located on Tong Road, Armley, in a prominent position near the junction with Upper Wortley Road. This location benefits from great visibility with strong passing trade, supported by regular bus routes to Leeds, Farnley and Pudsey.
Leeds city centre is 2 miles away, with Armley Town street being close by.
Accommodation
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 2nd Edition, January 2023, the unit provides the following net internal areas:
Ground Floor - 1,208 sq ft (112 sq m)
First Floor - 545 sq ft (50 sq m)
Total - 1,753 sq ft (162 sq m)
Terms
EPC - The property currently benefits from an EPC rating of B-39.
TERMS - The property is available for sale on a freehold basis subject to its existing tenancy at a guide price of £270,000, which reflects a gross yield of 7.8%.
VAT - It is understood that VAT is not applicable.
RATEABLE VALUE - We have made enquiries with the VOA website, where it states that there is a rateable Value of £21,000.
LEGAL COSTS - Each party to the transaction will be responsible for their own legal expenses incurred.
TENANCY SCHEDULE - The property is marketed as a fully let investment with an occupier on a formal commercial lease (Full Repairing and Insuring basis). (see attached brochure for information).
Specification
- 1,753 Sq Ft (163 Sq M).
- Let to “Independant Vetcare Ltd”- Part of multi national veterinary group
- IVC Evidensia.
- Detached building off Tong Road, Armley, West Leeds.
- Secure income of £21,000 pa.
- Gross yield of 7.8%.