The property is prominently located on Burley Road running parallel to the A65 in to Leeds City Centre. It is set within a terrace of similar retail properties and is approximately 1mile from Leeds City Centre.
The property comprises ground floor retail premises with separately-accessed residential accommodation above. The entire property is let on a single lease and the ground floor retail space traces as a Mediterranean mini-market and comprises open-plan retail space with an extended rear comprising a cold room and staff welfare facilities. The residential accommodation is accessed via a side entrance with stairs leading to first floor lounge and kitchen with 3 bedrooms.
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 907 sq ft (84.3m²)
The premises are currently leased by way a 15-year lease from May 2013 at a current passing rent of £17,000 p.a. exclusive, to a tenant who is a private individual Therefore, the lease expires in May 2028 and the next rent review is due in May 2018.
The property for sale on a freehold basis subject to the current lease dated May 2013 at a guide price of £250,000. It is understood that VAT is not 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 £8,100. The residential accommodation is assessed for Council Tax in Band A. Interested parties are advised to direct further enquiries to the local authority.