Post Office, High Street, Wetherby, Leeds

The property is an attractive 3 storey mixed use investment with rear parking in central Wetherby.

Fronting the High Street and in close proximity to the Market Place the property comprises the Post Office in the ground floor with Inset Jewellers in the first floor and 2 No 1 bedroom flats in the second floor. The upper floors are separately accessed through an archway which also leads through to the rear where there is parking for approximately 4 cars.

Wetherby is an affluent market town within West Yorkshire located next to the A1(M) 12 miles east of Leeds and 8 miles west of York. The town has a strong retail centre with many national operators such as Morrisons, Café Nero, Dominos Pizza, Specsavers, The Original Factory Shop as a well as a host of local and regional operators.

GF - Tenant: Post Office (Personal Guarantor) -
15 year lease from 01.05.2020 - 10 year RR to OMRV - Rental: Year 6 - 10 - £16,500 per annum - £18,500 per annum.
Size: 655 sq.ft.
Rateable Value: Shop and Premises £14,750
EPC: C56

FF - Tenant: Inset Jewellers
10 year lease from 01.08.2025 - Rental Year 1 - 5 - £7,750 per annum - £8,500 per annum. RR Year 5 to RPI.
Size: 632 sq.ft
Rateable Value: Office and Premises £5,400
EPC: E125

SF - Flat 1 - 6 month AST - £6,000 per annum
Size: 375 sq.ft
Council Tax: Band A
EPC: D58

SF - Flat 2 - 6 month AST - £6,900 per annum
Size: 479 sq.ft
Council Tax: Band A
EPC: D61


PLANNING
We recommend interested parties make their own enquiries with the local authority – /

TERMS
Offers are being sought for the freehold interest at a guide price of £595,000 which represents a NIY of approx. 5.89% rising to 6.39%.