- Investment Property
- Fully Let Retail Property
- £10,500 Income Per Year
- 1745 sq ft (162.1 sqm) appx
adjacent to the roundabout at the junction between Crosshills, High Street, and Leeds Road. The premises a large single storey retail/showroom property within which most of it is open plan sales space with some additional storage and staff facilities. There is a small forecourt providing loading/customer parking.
Location
The premises are located within the heart of Kippax adjacent to the roundabout at the junction between Crosshills, High Street, and Leeds Road.
Description
The premises a large single storey retail/showroom property within which most of it is open plan sales space with some additional storage and staff facilities. There is a small forecourt providing loading/customer parking.
Accommodation
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the unit provides a net internal floor area of 1400 sq ft (130.1 sqm).
Lease Terms
The lease has recently been renewed in January 2021 for a term of 10 years, with tenants options to break at the end of the 3rd and 6th years. The current passing rent is £10,500 pa. It is understood that VAT is not applicable on this property.
Tenure
The property is offered on a freehold basis subject to the above lease. Offers are invited on a guide price of £160,000. It is understood that VAT is not applicable.
Business Rates
According to the Valuation Office Agency website, the premises has a current 2023 rateable value of £10,250. Interested parties are advised to direct further enquiries to the local authority.
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