Adair Paxton Property Specialists

78/78a Burley Road Leeds, Leeds

Asking price of £175,000
Under Offer
4 BedroomsRetail Property (out of town)

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LOCATION

The property is located fronting Burley Road, approximately 1 mile north-west of Leeds city centre. It is set within a terrace of similar retail properties and immediately adjacent to a local primary school.

DESCRIPTION

The property comprises ground floor retail premises with separately-accessed residential accommodation above and a separate private office with WC and kitchenette to the rear accessed via a secure gated yard. The retail shop is let to a sandwich shop operator and comprises open-plan retail space with partitioned kitchen facilities and separate store and WC. The residential accommodation is accessed via a side entrance with hallway and stairs leading to first floor lounge and kitchen with 5 bedrooms over first and second floors.

ACCOMMODATION

Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the commercial element of the property provide the following approximate internal areas:

Retail shop 418 sq ft (38.9m²)

private office 254 sq ft (23.6m²)

TENANCIES

The ground floor shop unit is let on a 6-year lease on effective full repairing and insuring terms from 4th September 2013 at a current passing rent of £7,280 p.a. + VAT. There are presently 4 separate residential tenants in the upper floor accommodation on Periodic Assured Shorthold tenancies, paying a total rent of £11,400 p.a. which includes Council Tax charges.

TERMS

The property is offered on a freehold basis subject to the existing commercial lease and Periodic Assured Shorthold tenancies at a guide price of £175,000. VAT is applicable on the commercial element of this property.

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