The property comprises an end terrace, two-storey, brick built building under a pitched roof.
Internally, the property comprises two ground floor retail premises whereby one is let to a post office occupier, and the other is let to a dog groomers.
To the front left elevation of the property, there is a separate door which provides access to the residential apartments. Both floors comprise two-bedroomed apartments with separate living rooms and kitchen spaces.
To the rear of the property, there is a garage/lock up unit ideal for storage.
Location
The property is located on Harrogate Road in Moortown and benefits from a highly prominent position on the parade of shops next to the BP garage which is visible from the North Leeds Ring Road (A6120). The property finds itself 4 miles north of Leeds City Centre.
Accommodation
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 2nd Edition, January 2023, the unit provides an approximate net internal area of:
391 - 369 sq ft (34.3 sq m)
391b - 492 sq ft (45.8 sq m)
Flat 1 - 654 sq ft (60.8 sq m)
Flat 2 - 465 sq ft (43.2 sq m
Total - 1,980 sq ft (184.1 sq m)
Terms
EPC - The commercial properties currently benefits from an EPC rating of C-51 and C – 72. The residential apartments benefit from ratings of C-69 and D - 67.
TERMS - The freehold property is available for sale subject to its existing tenancies at a guide price of £575,000. It is understood that VAT is not applicable.
COUNCIL TAX - The residential apartments both currently fall under council tax band A.
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 391 has a 2023 Rateable Value of £10,500 and 319b has a 2023 Rateable Value of £9,700.
VAT - All prices, premiums and rents are quoted exclusive of VAT, which is applicable at the prevailing rate.
Specification
- Fully Let Investment
- 7.1% Yield
- Excellent Location
- North Leeds Suburb
- End Terrace Retail Parade