Adair Paxton Property Specialists

66/66a Otley Road Headingley, Leeds

Asking price of £375,000
Sold
3 Bedrooms1 BathroomsInvestment

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LOCATION

The property is located prominently on Otley Road (A660) in Far Headingley, close to its junction with Cottage Road and in the vicinity of a well-established retail parade. This popular and affluent suburb of North Leeds is both densely populated and on a busy arterial route into Leeds city centre.

DESCRIPTION

The property comprises ground floor retail premises with separately-accessed residential accommodation above. The ground floor is let as a long-established hairdressing salon. The residential accommodation above briefly comprises lounge, kitchen, 3 double bedrooms and bathroom/WC, and benefits from gas central heating and uPVC double glazing.

ACCOMMODATION

Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the ground floor retail unit provides an approximate net internal area of 789 sq ft (73.3 m²). 

TENANCY DETAILS

The retail premises are currently let by way of a 5-year lease from September 2017. Full lease details are available on request. The upper floor accommodation is let on an Assured Shorthold Tenancy expiring in July 2018, with a combined rental for 3 rooms of £12,780 p.a.

TERMS

The property for sale on a freehold basis subject to the existing tenancies at a guide price of £375,000. It is understood that VAT is applicable on this property.

 

BUSINESS RATES/COUNCIL TAX

According to the Valuation Office Agency website, the commercial element has a current 2017 rateable value of £15,000. The residential accommodation is assessed for Council Tax in Band B. Interested parties are advised to direct further enquiries to the local authority.

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