The property comprises a mid-terraced, 3 storey, mixed use property under a pitched roof. To the rear there is a semi-detached lock up style garage.
Internally, the ground floor retail unit is open plan with an office area at the rear. This iscurrently let to a performing arts business. The space benefits from LED lighting and electric heating.
The residential element comprises a spacious 2-bedroom apartment which has been recently refurbished throughout.
To the rear of the subject property there is a lock up style double garage which is currently used for storage purposes. To the rear of the unit, there is an office that has been erected by the current tenant.
Location
The property is located conveniently on Crossgates Road which is sat in between the A64 and Station Road (central Crossgates). The property benefits from being 1 mile from Cross Gates Train Station and within 5 miles from Leeds City Centre.
Accommodation
74 Cross Gates Road - Performing Arts - 612 sq ft (56.9 sq m)
Rear of 74 (Lock up style unit) - Storage/Office - 253 sq ft (23.5 sq m
74a Cross Gates Road - Residential - 942 sq ft (87.6 sq m)
Terms
TENANCY SCHEDULE - See attached brochure for information.
EPC - The residential apartment benefits from an EPC rating of D – 58. The retail premises benefits from an EPC rating of D – 93
TERMS - The property if offered on a freehold basis subject to existing tenancies as outlined above, at a guide price of £400,000.
VAT - All prices, premiums and rents are quoted exclusive of VAT, which is applicable at the prevailing rate.
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: Retail Shop - £10,500 per annum, Lock Up Unit - £4,250 per annum.
LEGAL COSTS - Each party to the transaction will be responsible for their own legal expenses incurred.
COUNCIL TAX - It is understood that the residential apartment falls under council tax band A.
Specification
- Prominent location
- Recently refurbished apartment
- 7.2% Yield
- Additional Rear Lock up