Retail premises for sale in Burley Road, Leeds LS3

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 with easy access towards Kirkstall and Leeds City Centre.

On the opposite side of the road are the Yorkshire Television and Emmerdale studios.

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
Hall stairs & landing, living room, kitchen, bathroom & 2 x bedrooms.

Plus shared rear yard.

Terms

The Freehold interest of this property is available at £315,000.

Vat is not chargeable 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 2023 with rental £850 per month.

Annualised income £22800pa

Business Rates

The property has been assessed by the Valuation Office Agency in £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: Rating d-85

This can be viewed on

Viewings

For further information or to arrange a viewing, please contact:-
Peter Davies - Tel:

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 prepared September 2023