Retail premises for sale in Royal Park Road, Leeds LS6

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 of terrace, brick built 3
storey building 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, previously let to university
students.

Accommodation
The commercial space comprises sales area with spiral
stairs leading to lower ground floor office/ meeting room
with kitchenette and WC. It has an approximate net
internal area totalling 323 sq ft (30 sq m) over those two
floors.
The residential element of the property comprises at
ground floor – entrance lobby and kitchen/ lounge area
with stairs leading up to first floor where there are 2 double
bedrooms and bathroom. 2 further bedrooms are located
on the 2nd floor, and at lower ground there is a further
double bedroom and shower room with WC – totalling 5
lettable bedrooms.

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 with vacant
possession at a fixed price of £435,000. 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. The residential flat falls under Council Tax Band C.
Interested parties are advised to direct further enquiries to
the local authority.

Energy Performance Certificate (EPC)
The property currently benefits from an EPC rating of D -
80 for the Commercial and D - 59 for the Residential.