- Mixed-Use Investment
- Gross 9.6% Yield
- Fully Let
- Ground Floor Retail Accommodation
- 2 Bedroomed Duplex Accommodation
Retail Property (High Street) for sale in Leeds
Stoneacre Properties are delighted to offer this fully let mixed-use property providing ground floor retail shop unit and separate duplex 2 bed apartment on Burley Road, within the Hyde Park area of Leeds with easy access towards Kirkstall and Leeds City Centre of Leeds.
Location - The property is located on Burley Road and forms part of a busy shopping parade catering for a high density student population within the Hyde park area of Leeds being 10 minutes wak to both Leeds Universities.
The premises which are located opposite Yorkshire Television and Emmerdale studios enjoy easy access to Kirkstall and Leeds City Centre.
Description - The property is of brick construction under a slate pitched roof within an established parade. The ground floor provided retail accommodation and first and second floors provide 2 bedroomed residential accommodation separately accessed from the rear of the property.
Accommodation - The property provides the following accommodation:-
GROUND FLOOR RETAIL
G/F front area 108 sq ft 10.07 m2
G/F rear area 158 sq ft 14.65 m2
G/F TOTAL 266 sq ft 24.72 m2
plus
Basement with WC 418 sq ft 38.87 m2
1st & 2nd FLOOR DUPLEX RESIDENTIAL
Rear entrance to Hall, stairs & landing, living room, kitchen, bathroom & 2 x bedrooms.
Plus shared rear yard.
Terms - The Freehold interest of this property is available at £249,000.
Vat is NOTchargeable on the rent.
Tenancy - The property is tenanted as follows:-
GROUND FLOOR RETAIL
4 year Lease from 1st Aug 2023
£12,000 per annum plus 5% management contribution
1st & 2nd FLOOR DUPLEX RESIDENTIAL
AST from Nov 2024 with rental £950.00 per month.
ANNUALISED INCOME £24,000 pa
Business Rates - The property has been assessed by the Valuation Office Agency at £3,450 RV
GROUND FLOOR RETAIL
Subject to 100% Small Business Rate Relief - Zero amount payable - subject to status.
1st & 2nd FLOOR DUPLEX RESIDENTIAL
Council tax band B
Interested parties are advised to make their own enquiries in this respect.
Energy Performance Certificate - Energy Performance Certificate for this property is:-
9565-4929-9385-1991-0978
Rating d-85
This can be viewed on https://find-energy-certificate.service.gov.uk
Viewings - For further information or to arrange a viewing, please contact:-
Peter Davies - Tel: 0113 237 0999
peter@stoneacreproperties.co.uk
Misrepresentation Act - Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
1.The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
2.All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.
3. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
4.All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.
MISDESCRIPTIONS ACT 1991
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.
ALL OFFERS ARE SUBJECT TO CONTRACT OR LEASE.
Details ammended September 2024
Property Ref: 478966_32585249
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Stoneacre Properties (Leeds)
Chapel Allerton, Leeds, West Yorkshire, LS7 4NZ
0113 2370999
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