Shop for sale

Cardinal Road, LS11

£550,000

Property Description

Key features

  • Potential £52,780 PA!
  • Ideal investment
  • Commercial & Residential
  • Two shops
  • 5 self contained flats

Full description

Tenure: Freehold

Ritz Properties are pleased to offer for sale these freehold mixed use properties comprising of two shop units and five one bedroom flats all self contained. Prominent location on a busy main road minutes away from amenities such as White Rose shopping centre, Arlington Business Centre and has good motorway links with the M62. There is plentiful on and off street parking and the area is served by public transport. The property is part of a parade of only 2 retail units and is currently offered with vacant possession. A GREAT MUTI-USE OPPORTUNITY (subject to consent) or of interest to a owner occupier: Current use is off licence alcohol.

(Can be used as an oriental/asian mini market )

POTENTIAL GROSS ANNUALISED RENTAL INCOME £52,780 pa

Location:

The properties are situated on cardinal Road, LS11 within a parade of shops, minutes away from the City Centre and A64 junction. Spacious Retail Unit within a suburban area surrounded by residential property but is close to the main shopping area along Dewsbury Road and is about 1 mile from the White Rose Shopping Centre.

Description:

The property is a brick built building with tiled pitched roof. There are several storerooms to the side and rear. The unit is currently empty and is offered with vacant possession.
A GREAT MULTI-USE OPPORTUNITY

Accommodation:

The property provides the following accommodation:

Retail area 93.40 m2 1005 sq ft
Internal stores 68.77 m2 740 sq ft

TOTAL 162.17 m2 1745 sq ft plus rear waste store

The first floor comprises of five one bedroom self contained flats.

Tenancy:

Convenience Store previously achieving a rental of £20,800 pa.

The Café is currenlty let on a 15 year lease from March 2012 and a achieves rental of £6500 pa.

The five one bedroom self contained flats are currently let on a Assured Shorthold Tenancy Agreements provide an annualised rental of £25,480 pa.

POTENTIAL GROSS ANNUALISED RENTAL INCOME £52,780 pa


Asking price: Offers in region of £599,000 (Freehold property)

Rateable Value:

Convenience Store is £8,900

Community Café is £3,600

50% SMALL BUSINESS RATE RELIEF subject to status

(Information available on Value Office Agency: https://www.gov.uk/government/organisations/valuation-office-agency)

Interested parties are advised to make their own enquires in this respect.

Viewings:

Viewings strictly by appointment only, please call 0113 3050 999.

Energy performance certificate:

0097 - 0888 - 0330 - 7900 - 2203

Nearest stations

  • Cottingley (0.9 mi)
  • Morley (1.5 mi)
  • Leeds (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Ritz Property , Leeds

387 Harehills Lane, Leeds, LS9 6AP

0113 305 0999 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans

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Floor Plan
Floor Plan

To view this property or request more details, contact:

Ritz Property , Leeds

387 Harehills Lane, Leeds, LS9 6AP

0113 305 0999 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Cottingley (0.9 mi)
  • Morley (1.5 mi)
  • Leeds (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Ritz Property , Leeds

387 Harehills Lane, Leeds, LS9 6AP

0113 305 0999 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference PC0478. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ritz Property , Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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