3 Middleton Park Avenue, Leeds

Asking price of £95,000
For Sale
Investment

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LOCATION

The property is located just off Middleton Park Circus which is a district shopping area immediately to the south of Leeds Outer Ring Road in the South Leeds suburb of Middleton. The premises are around 5 miles south of Leeds city centre and within easy reach of both the M1 and M62 motorways. The immediate surrounding area predominantly comprises other retail properties and domestic housing.

DESCRIPTION

Mid-terrace two storey property situated within an established suburban retail parade. There is a small yard/parking area immediately to the rear of the property. Internally, the ground floor comprises a front sales area, rear food prep/storage area and stairs leading to a basement. Further stairs lead to first floor accommodation providing staff welfare facilities and offices/stores.

ACCOMMODATION

Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the unit provides the following approximate internal areas:

Ground floor 474 sq ft (44m²)

First floor 408 sq ft (37.9m²)

Basement 291 sq ft (27m²)

Total 1173 sq ft (109m²)

LEASE TERMS

The property is let by way of a renewal lease for a term of 5 years commencing 2nd March 2021 at a rent of £6,000 pa. There is a tenants option to break on 2nd March 2024 exercisable upon 6 months prior written notice. The tenant benefits from a rent free period up until 2nd August 2021.

TENURE

The property is offered on a freehold basis subject to the above lease at a guide price of £95,000. It is understood VAT is not applicable on the sale of this property.

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