Offers over
£389,000
(£211.64/sq. ft)
Retail premises for sale30, Austhorpe Road, Crossgates, Leeds LS15
1,838 sq. ft
EPC Rating: F
Just added
Leasehold
About this property
Well located self contained retail premises
Description
The building is a self-contained 2-storey building occupying a prominent position in the main retail area of Crossgates, with a Gross Internal Area of approx. 1,838 ft2 . It has a large retail area of approx. 1,507 ft2 on the ground floor and street facing window frontage. The first floor gives way to a 331 ft2 (approx.) office and storage area.
The property can be accessed both internally from the Crossgates shopping centre, and externally from the busy shopping street of Austhorpe Road.
Location
30 Austhorpe Road, Crossgates is a well located retail premises in the town centre of Crossgates just off the A6120 and 0.3 miles from Crossgates station.
Crossgates is the dominant shopping centre in East Leeds and draws on a densely populated and large catchment area. Other retailers include Bonmarché, New Look, EE, Card Factory and Poundland. The property can be accessed internally from Crossgates Shopping Centre and externally from Austhorpe Road.
Austhorpe Road’s location provides easy access to the east of Leeds, the A64 and the M1.
Proposal
Offers are invited in excess of £389,000 reflecting a net initial yield of 7% after costs on the passing rent of £28,000.
Tenure
30 Austhorpe Road is for sale on a Long Leasehold basis with an occupational lease with expiry in 2030 and a rental of £28,000 pa.
The building is a self-contained 2-storey building occupying a prominent position in the main retail area of Crossgates, with a Gross Internal Area of approx. 1,838 ft2 . It has a large retail area of approx. 1,507 ft2 on the ground floor and street facing window frontage. The first floor gives way to a 331 ft2 (approx.) office and storage area.
The property can be accessed both internally from the Crossgates shopping centre, and externally from the busy shopping street of Austhorpe Road.
Location
30 Austhorpe Road, Crossgates is a well located retail premises in the town centre of Crossgates just off the A6120 and 0.3 miles from Crossgates station.
Crossgates is the dominant shopping centre in East Leeds and draws on a densely populated and large catchment area. Other retailers include Bonmarché, New Look, EE, Card Factory and Poundland. The property can be accessed internally from Crossgates Shopping Centre and externally from Austhorpe Road.
Austhorpe Road’s location provides easy access to the east of Leeds, the A64 and the M1.
Proposal
Offers are invited in excess of £389,000 reflecting a net initial yield of 7% after costs on the passing rent of £28,000.
Tenure
30 Austhorpe Road is for sale on a Long Leasehold basis with an occupational lease with expiry in 2030 and a rental of £28,000 pa.
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Monthly repayment
£1,945 per month
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