part a commercial unit, previously used as an estate agency but with potential for a broad range of alternative retail/office uses. The residential element comprises a 5-bed shared let,
currently let to university students at £28,678.57 pa.
LOCATION
The property is located on Royal Park Road, just off Hyde Park Road which provides easy access to Woodhouse Lane taking you to Leeds City Centre and Otley Road which takes you to Headingley and other suburban areas of Leeds.
DESCRIPTION
The property comprises an end terrace, brick-built property comprising 4 floors set within the densely populated and highly sought after Hyde Park area. The ground floor provides in part a commercial unit, previously used as an estate agency but with potential for a broad range of alternative retail/office uses. The residential element comprises a 5-bed shared let, currently let to university students at £28,678.57 pa.
ACCOMMODATION
The commercial space comprises a sales area with a spiral staircase leading to the lower ground floor
office/meeting room with kitchenette and WC facilities. It provides an approximate net internal area of 323 sq ft (30sq m) over those two floors. The residential element of the property comprises at ground floor, an entrance lobby and kitchen/lounge area with stairs leading up to first floor where there are 2 double bedrooms and a bathroom. 2 further bedrooms are located on the 2nd floor, and at the lower ground level there is a further double bedroom and shower room with WC facilities.
TENANCIES
The 5-bed shared let, residential element of the property has been let at a rent of £28,678.57pa on a 12 month Assured Shorthold Tenancy, expiring 30th June 2024.
TERMS
The property is offered on a freehold basis partly let at a guide price of £450,000. 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 2023 rateable value of £3,000 which falls in the small business rates relief category. The residential flat falls under Council Tax Band C. It is understood that Student Lets are exempt from Council Tax. Interested parties are advised to direct further enquiries to the local authority.
VIEWING/FURTHER INORMATION
For further information or to arrange a viewing, please contact Alfie Stevens-Neale or Simon Dalingwater.
ENERGY PERFORMANCE CERTIFICATE (EPC)
The property currently benefits from an EPC rating of D 80 for the Commercial and D - 59 for the Residential.
Kitchen
Kitchen
Reception 1
Reception 1
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