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Residential Investment, Trinity Methodist Church/1 Mount Pleasant Heights, Pudsey, LS28 7AB

1.02 acres / Other / Investment

For Sale - £1,250,000.00

Under Offer - Last updated: 16 April 2024

The site comprises 1.02 acres within which a purpose built block of 12 apartments have been constructed. They have been construted by stone walls under a pitched, slate roof. The apartments all benefit from electric heating and double glazing. All apartments have access to private allocated car parking.

Adjacent to the apartments is a former Methodist Chapel also built of stone under a slate roof which is Grade II listed and includes car parking and grounds.

FORMER TRINITY METHODIST CHURCH

A former Victorian Methodist Chapel, constructed of stone under a slate covered roof. The property is Grade 2 Listed to protect its heritage features which include a five-bay symmetrical façade with Corinthian pillars and portico, and a clock tower with clock faces to two sides. Internally, at ground floor level the space is predominantly open plan with additional “balcony” space accessed via 2 stair cases. There are a series of store rooms, offices and other ancillary space located at lower ground floor level. The approximate area is 5,275 sq ft (490 sq m).

1-12 MOUNT PLEASANT HEIGHTS

A purpose built block of apartments, built of stone walls under a pitched slate covered roof. Each flat benefits from electric heating and double glazed window frames.

Apartments 1-4 are on the lower ground floor and each has their own entrance, leading to an open plan living room/ kitchen. The bathroom/ WC leads off the kitchen and there are two bedrooms (one double, one single).

Apartments 5,7,9 & 11 are on the ground floor. Each of the ground floor apartments share an entrance with the first floor apartment above. They each have a double bedroom, open plan living room, kitchen and bathroom/ WC off the kitchen.

Apartments 6, 8, 10 & 12 are all duplex flats, set over first and second floors. A private entrance hall provides access to a master bedroom with en-suite shower room, a second double bedroom, house bathroom and stairs to 2nd floor. That 2nd floor is a good sized open plan living/ kitchen/ diner with ceilings to the height of the roof.

Location

The property is located off Mount Pleasant Road in Pudsey Town Centre. This location is within easy reach of all town centre amenities by foot and a short distance by car or public transport to the Owlcotes Shopping Centre.

Accommodation

Size - Total site area of 1.02 acres (0.41 ha)

Terms

TENURE - Freehold, subject to existing tenancies (see tenancy schedule). The Chapel building will be sold with full vacant possession.

TERMS - The property is offered on a freehold basis subject to existing tenancies for offers in excess of £1,250,000. It is understood that VAT is not applicable on this property.

TENANCY - See attached brochure for information

Specification

  • 12 Fully let residential apartments ranging from 1 bed, 2 beds and duplex layouts
  • Current Passing Rent of £85,740 pa
  • Development Oppurtunity
  • Total site area of 1.02 acres (0.41 ha)
  • Characterful Site with substantial history
  • Guide price of £1,250,000 reflects a net initial yield of 6.9%

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in excess of For Sale Leasehold £1,250,000.00 NA

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Commercial Team

Adair Paxton

0113 347 0151



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