The property comprises a 3 storey, mid terrace, brick built building under a pitched roof.
The ground floor is currently let to a barbershop and comprises an open plan retail space with kitchenette and WC facilities at the rear right of the unit.
Access to the residential apartment is at the rear of the property. Upon entry you are welcomed by the stairs which takes you up to the first floor.
The first floor presents well and comprises an open plan kitchen/living room.
At second floor level there is a bathroom and the bedroom which again present well.
Location
The subject property is located on Woodhouse Lane which provides Headingley with a direct route to Leeds City Centre. The area itself is in a densely populated residential area and therefore benefits from a high level of footfall.
The property is located prominently and finds itself on a bus route. The property is 1.5 miles away from Headingley Station, within a mile of Burley Park train station and approx 1 mile away from Leeds City Centre.
Accommodation
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 2nd Edition, January 2023, the commercial element has been measured on a net internal area and the residential apartment has been measured on a gross internal area. They have an approximate floor area of:
Ground Floor - 218 sq ft (20.2 sq m)
First Floor - 156 sq ft (14.5 sq m)
Second Floor - 156 sq ft (14.5 sq m)
Total - 530 sq ft (49.2 sq m)
Terms
EPC - The Commercial shop benefits from an EPC of C - 74. The residential apartment has an EPC of D - 64.
TERMS - The freehold property is available for sale subject to its existing tenancies at a guide price of £200,000.
VAT - It is understood that VAT is not applicable.
TENANCIES - The ground floor commercial unit is let at £6,210 per annum. The lease expires on 31/10/2028. The residential apartment is let on an AST at a rent of £8,400. The tenancy runs until 31/08/2026.
LEGAL COSTS - Each party to the transaction will be responsible for their own legal expenses incurred.
RATEABLE VALUE - We have made enquiries with the VOA website and can reveal that the following information is listed from the 2023 list: Rateable Value: £2,700. The apartment falls under Council Tax band A.
Specification
- High footfall area
- 7.3% yield
- Recently refurbished apartment
- Fully let investment