Ground floor retail premises and first floor retail premises, both with WC’s and kitchenette facilities and fully tenanted under two separate leases.
Location
Superbly located on Horsforth Town Street, in the heart of the town and surrounded by local amenities and other shops, pubs and restaurants. Horsforth is approximately 5 miles from Leeds centre and 5 miles from Leeds Bradford Airport.
Accommodation
The premises provide the following accommodation:
Ground Floor Retail - 38.55 sq m (415 sq ft)
First Floor Retail - 35.3 sq m (380 sq ft)
TOTAL - 111.67 sq m (795 sq ft)
Basement Stores - 16.72 sq m (180 sq ft
Terms
Leases:
Ground Floor - trading as ‘Very Stylish Girl’
Six year lease from 1 March 2025, at an annual rental of £11,000, subject to review on 1 March 2028. The lease incorporates a tenant only break on 1 September 2027 upon service of 6 months notice. Full repairing lease by way of service charge (£500 annual cap).
First Floor - trading as ‘By Annie’
Six year lease from 1 March 2025 at an annual rental of £6,520. Full repairing lease by way of service charge (£500 annual cap) and subject to a schedule of condition.
Price - Freehold Asking Price £240,000.
We are informed that the premises are not elected for VAT.
Specification
- Well Located on Horsforth Town Street
- Ground Floor & First Floor Retail
- Producing £17,520 per annum
- Net Effective Yield of 7.01% after usual purchasers costs