22-26 Town Street, Farsley, Leeds, LS28 5LD & No's 1 &2 Gambles Hill, Farsley, LS28 5SW

LOCATION & DESCRIPTION

The property comprises a long established ground floor bar/bistro (The Village) fronting Town Street close to numerous other hospitality and independent retail businesses and for which the location has become popular. Gambles Hill at the rear giving gives access to two self contained 2 bed flats.

Farsley is an attractive and fashionable residential suburb with a large catchment, just inside the Leeds Ring road, and approx 5 miles West of the city centre.


ACCOMMODATION

(floor areas approx.)

GROUND/LOWER GROUND FLOORS

The Village comprises an attractively presented wine bar, fitted out to a good standard.

BAR/DINING
10.5 x 5.6 m o/a with fixed bar and central feature fireplace/stove, 2 seating areas 3.5 x 2.7 & 2.7 x 2.2m, plus cellar and bar wash areas. 2 WC’s. First Floor Kitchen/Prep 4.0 x 3.0 (both ave) with extract.

Note: No 20 Town Street (additional seating space/office with flat above) is owned by the tenant of Nos 22-26 and does not form part of the property/sale.

1 GAMBLES HILL

Sitting Room 4.3 x 3.7m, Kitchen 4.3 x 1.9m.2

Bedrooms 3.2 x 2.9 and 3.2 x 2.4m

Bathroom.

2 GAMBLES HILL

Kitchen 3.3 x 2.8m

Sitting Room 4.9 (max) x 2.8m

2 Bedrooms 2.7 x 1.9 and 3.0 x 2.8m

Dressing Room 3.0 x 2.0m

Bathroom.


SERVICES

Main services available(units separately metered).


LEASES

22-26 TOWN STREET
10 year lease in favour of Nigel Shaw wef 13th November 2017 on effective FRI terms(*). Rent £15,000 pa

1 GAMBLES HILL
AST wef 30th September 2025. Rent £825 pcm (£9,900 pa)

2 GAMBLES HILL
Presently occupied by the tenants of 22-26 Town Street at a concessionary rent of £400pcm (£4,800 pa) – (undocumented) Estimated Market Rent £650pcm

- (*) repairing responsibility in respect of the demised/occupied areas
- All rents are quoted on an exclusive basis


EPC

Nos 22-26 Town Street – C (54)
1 Gambles Hill – D (64)
2 Gambles Hill – D (68).


RATES

Nos 22-26 RV £19,250
1 Gambles Hill Council Tax Band A
2 Gambles Hill Council Tax Band A.


GUIDE PRICE

£525,000 (offers invited).
Vat not applicable.


CURRENT GROSS RENT

Rent £29,700 pax - A purchase at the above guide equates at a gross return of 5.66% (6.23% against potential gross income of £32,700 pax before allowance for purchasers’ costs.


ANTI MONEY LAUNDERING REGULATIONS

In accordance with regulations electronic ID checks will be carried out on purchasers where required.


VIEWING

Strictly by arrangement with sole agents - Atkinson Associates.