3 bedroom mixed use for sale

Church Lane, Leeds, West Yorkshire, LS15

Offers in Region of £259,950

Property Description

Key features

  • Mixed Use
  • Fully tenanted

Full description

LOCATION
Stoneacre Properties are delighted to offer this fully tenanted investment opportunity on Church Lane close to the junction with Austhorpe Road and just 400 metres from the Leeds outer Ring Road and less than a mile from the M1 motorway. Crossgates has direct rail connections to Leeds & York providing rail links nationwide.

DESCRIPTION
The premises form the right side of a semi-detached building and provides mixed use accommodation. The property is split into a ground floor retail unit with basement, 2 first floor studio and a 2nd floor 1 bedroom flat. There is parking to the front and rear.

ACCOMMODATION
The ground floor and basement is currently let as a Beauty salon and provides the following accommodation:-

Ground floor Retail Zone A 26.86 m2 289 sq ft
Ground floor Retail Zone B 15.19 m2 163 sq ft
Ground floor Retail Zone C 5.6 m2 60 sq ft
Ground floor Kitchen 13.92 m2 150 sq ft
Ground floor staff w/c 3.14 m2 4 sq ft
Basement studio area 45.89 m2 493 sq ft

Total commercial space 110.60 m2 1190 sq ft

The 1st floor and 2nd floor residential units are as follows:-
1st floor front 1 bed studio

1st floor rear 1 bed studio
2nd floor 2 bed flat

PRICE
Offers in the region of 259,950 for the full Freehold interest

To be offered fully tenanted

There is no VAT payable on the purchase of this property

TENANCY
The Ground Floor Salon with basement is let from Nov 2016 to Nov 2019

Passing rent 8,950

We understand the 1st floor and 2nd floor residential units are let on Assured Leasehold Tenancies as follows:-
1st floor front 1 bed studio 325 per month equating to 3,900 per annum
1st floor rear 1 bed studio 325 per month equating to 3,900 per annum
2nd floor 2 bed flat 390 per month equating to 4,680 per annum

GROSS ANNUALISED RENTAL INCOME 21,430 pa

ENERGY PERFORMANCE CERTIFICATE
Energy Performance Certificates for this property are:-
0820 - 0837 - 0959 - 2400 - 6092
Rating C65

2678 - 0035 - 725 - 5488 - 2980
Rating G18

This can be viewed on www.epcregister.com

BUSINESS RATES
The property has been assessed by the Valuation Office Agency for 2017

7,300RV.
Eligible for 100% Small Business Rate Relief

ZERO PAYABLE
Interested parties are advised to make their own inquiries in this respect.

VIEWINGS
For further information or to arrange a viewing, please contact Peter Davies on 237 0999

MISREPRESENTATION ACT
Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
1.The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
2.All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.
3. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
4. All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.
MISDESCRIPTIONS ACT 1991
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.
ALL OFFERS ARE SUBJECT TO CONTRACT OR LEASE.
Details prepared May 2018


Nearest stations

  • Cross Gates (0.3 mi)
  • Garforth (2.8 mi)
  • East Garforth (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Stoneacre Properties, Leeds - Commercial Sales Office

184 Harrogate Road, Chapel Allerton, Leeds, LS7 4NZ

0113 237 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

  • Cross Gates (0.3 mi)
  • Garforth (2.8 mi)
  • East Garforth (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Stoneacre Properties, Leeds - Commercial Sales Office

184 Harrogate Road, Chapel Allerton, Leeds, LS7 4NZ

0113 237 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 12CS. 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 Stoneacre Properties, Leeds - Commercial Sales Office. 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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