- WORKSHOP
- OFFICES AND STORAGE
- 3 BED RESIDENTIAL APARTMENT
- SIGNIFICANT SCOPE FOR REDEVELOPMENT (STP) AND ASSET MANAGMENT
- TOWN STREET LOCATION
This mixed use property is prominently located on Town Street in Farsley, approximately 6 miles west of Leeds centre and 4 miles east of Bradford city centre. The Farsley Ring Road (A6120) and Stanningley Bypass are in close proximity which provides direct access to Leeds and Bradford. Town Street benefits from a variety of local amenities including Sunny Bank Mill and Farsley Co-op.
LOCATION
This mixed use property is prominently located on Town Street in Farsley, approximately 6 miles west of Leeds centre and 4 miles east of Bradford city centre. The Farsley Ring Road (A6120) and Stanningley Bypass are in close proximity which provides direct access to Leeds and Bradford. Town Street benefits from a variety of local amenities including Sunny Bank Mill and Farsley Co-op.
TENURE
The property is held on a freehold basis and offered subject to existing tenancies.
DESCRIPTION
A prominent and characterful period building, constructed predominantly of stone under a pitched roof and with a single storey annex to the rear, linking in to a terrace of garages and a separate self contained workshop beyond.
The main building is used as offices at ground floor, storage in the basement and workshop/ storage space within the rear annex and garaging. The first floor of the main building comprises a separately accessed, self contained apartment comprising 3 bedrooms, lounge, kitchen and bathroom.
The property provides significant asset management opportunities to refurbish, redevelop and enhance the rental income achievable here. It could also suit an owner occupier seeking office and workshop/ storage premises for their own business.
TENANCY SCHEDULE
The property is a fully let investment
It does however offer some flexibility in that the occupier of the offices and storage (GEO PEARSON LTD) would be willing to vacate if the purchaser prefers, in order to allow owner occupation or redevelopment.
TOTAL FLOOR AREA: 5,329 Sq Ft (500.9 Sq M)
TERMS
The property is offered for sale on a freehold basis, subject to existing tenancies at a guide price of £375,000.
VAT
It is understood that VAT is not applicable on this property.
LEGAL COSTS
Each party to the transaction will be responsible for their own legal expenses incurred.
RATEABLE VALUE
We have made enquiries with the VOA website and can reveal that the following information is listed from the 2023 list:
Main office/ storage 118 - Rateable Value =£7,300
Workshop 122b ¿Willey House¿ ¿ Rateable Value = £2,475
Residential flat 120A- Council Tax Band A
EPC
The property currently possesses the following EPC ratings:
Office / Storage: E-110
Workshop: C-59
Residential Flat: E-54
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