LOCATION
The property is located fronting Town Street within an
established parade of similar properties. This location
is slightly to the east of Stanningley centre and
provides excellent and easy access to the A647
Stanningley Bypass.
DESCRIPTION
The property comprises a mid-terraced 3-storey
building with office/retail space at ground and lower
ground floor, and a separately-accessed self-contained
1-bedroom flat over first and second floors. The
property also benefits from a single detached garage
to the rear.
ACCOMMODATION
Measured in accordance with the RICS Property
Measurement Standards, the commercial element of
the property provide the following approximate net
internal areas:-
Lower Ground Floor 355 sq ft (32.9m²)
Ground Floor 372 sq ft (34.6m²)
Total 727 sq ft (67.5m²)
The upper floor flat comprises entrance lobby, stairs to
first floor landing with lounge, kitchen with integrated
over, hob and extractor and bathroom with separate
shower unit. Stairs then lead to a double bedroom in
a converted attic space.
TERMS
The property for sale on a freehold basis subject to two
existing leases of the ground/lower ground floors at a
current passing rental of £4,750 p.a. The 1-bedroom
upper floor flat is also let at a current passing rental of
£6,000 p.a. achieving a total rent of £10,750 p.a. It
is offered at a guide price of £145,000. It is
understood that VAT is not applicable on this property.
BUSINESS RATES
According to the Valuation Office Agency website, the
commercial element has a current 2017 Rateable Value
of £4,100. The flat has a current Council Tax banding
of A. Interested parties are advised to direct further
enquiries to the local authority.
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