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Units 1 & 2, Stainbeck Lane, Chapel Allerton, Leeds, West Yorkshire

Guide Price
£695,000
Auction House, West Yorkshire - Property Auctioneers
PROPERTY TYPE

Retail Property (high street)

SIZE

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Key features

  • For sale by auction on the 9th July 2025
  • Guide price £695,000 +
  • Grade II listed freehold ground floor premises
  • Comprising two separate restaurants
  • Sold with restaurant leaseholders in-situ
  • Prominent Chapel Allerton location
  • EPC Ratings: Unit 1: D. Unit 2: B.

Description

This Grade II listed freehold premises comprises two separate restaurant premises (both including ground floor and basement accommodation) generating a combined rental income of £71,000 + VAT per annum. Unit 1 is let on a five year lease from December 2022 to Mythos Greek Limited for £45,000 per annum with Unit 2 let on a 10 year lease from October 2022 to Zuppi Limited (T/A The Cats Pyjamas) for £26,000 per annum. The remainer of the property has previously been converted into 6 apartments, all sold off on 999 year leases many years ago.

The property occupies a prominent location in the heart of Chapel Allerton, one of Leeds most popular suburbs and is just two miles to the North of the city centre.

Interested parties should be aware that VAT will be payable on the purchase price.

Please note: a 6 week completion applies to this lot.

ACCOMMODATION

Basement

Kitchen & WCs

Ground Floor

Restaurant areas, kitchen & WCs

Additional Information

Council Tax

Leeds City Council

EPC Ratings

Unit 1 = D Unit 2 = B

Tenure

Freehold

Charges and Payments

In addition to the deposit Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Units 1 & 2, Stainbeck Lane, Chapel Allerton, Leeds, West Yorkshire

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Burley Park Station1.9 miles
  • Headingley Station2.3 miles
  • Leeds Station2.4 miles
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About Auction House, West Yorkshire - Property Auctioneers

First Floor, Caledonia House Lawnswood Business Park Redvers Close Leeds LS16 6QY
Industry affiliations:
Auction House West Yorkshire

Auction House West Yorkshire is part of the national Auction House group and is the leading auctioneer of Residential Property in West Yorkshire. We have maintained a success rate of 85% for several years covering the whole of West Yorkshire including Leeds, Bradford, Halifax, Huddersfield and Wakefield post codes.

As members of the RICS, NAVA, NAEA, ARLA, and the Ombudsman Scheme, we strive to offer the highest levels of customer service and professional advice.

Our dedicated sales team provides unrivalled service in all aspects of auction marketing including internal photographs, floor plans and viewings on all properties.

Auction House West Yorkshire, under the leadership of Director and Auctioneer James Pank, will throughout this year, hold 7 property auctions covering West Yorkshire and Harrogate.

With an all-inclusive "No sale - No charge" option and NOTHING to pay in advance It is no wonder that we are Number 1 !

Notes

These notes are private, only you can see them.

Disclaimer - Property reference AUC250281. 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 Auction House, West Yorkshire - Property Auctioneers. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, West Yorkshire - Property Auctioneers on 0113 519 7217.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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