Retail Property (out of town) for sale

1 Town Street, Armley, Leeds, West Yorkshire, LS12

£200,000
2,792 sq. ft.

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Former Bank premises
  • Potential for development subject to planning
  • Good access to Leeds City Centre and surrounding areas

Full description

Tenure: Freehold

LOCATION
The property is located prominently on the corner of Town Street and Wesley Road in the centre of the West Leeds suburb of Armley. This location is a busy shopping centre with many well-known retailers close by including Boots, Post Office, Fultons Foods and a Co-operative supermarket.

DESCRIPTION
A former banking hall providing predominantly open-plan accommodation to ground floor, a mixture of cellular and open-plan office accommodation at first floor and additional office/storage space at second floor.

ACCOMMODATION
Measured in accordance with the Royal Institution of Chartered Surveyors Code of Measuring Practice 6th Edition the unit provides the following approx. net internal areas:

ground floor: 1326 sq ft (123.2m)
first floor: 909 sq ft (84.5m)
second floor: 557 sq ft (51.7m)
Total 2792 sq ft (259.4m)

TERMS
The property is available by way of a new lease on full repairing and insuring terms at an initial rental of 20,000 p.a. exclusive. Alternatively, the property is available on a freehold basis and offers are invited on a guide price of 200,000.

BUSINESS RATES
According to the Valuation Office Agency website, the premises has a current 2017 rateable value of 21,500. It is understood that VAT is not applicable on this property. Interested parties are advised to direct further enquiries to the local authority.


SUBJECT TO CONTRACT


More information from this agent

Nearest stations

  • Burley Park (1.1 mi)
  • Headingley (1.5 mi)
  • Leeds (1.7 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Burley Park (1.1 mi)
  • Headingley (1.5 mi)
  • Leeds (1.7 mi)
Distances are straight line measurements from centre of postcode

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