Guide price
£200,000
(£143.47/sq. ft)
Retail premises for saleOxford Road, Leeds LS20
1,394 sq. ft
About this property
Passing Rental Income: £15,000PA
Freehold Investment opportunity
Gross yield 7.5%
Lease expiry March 2036
Rent review/ tenant break March 2031
Prominent high street location
The subject property is located on Oxford Road in Guiseley, being a well-positioned commercial opportunity within an established business location, offering convenient access to the surrounding amenities and transport links.
The property comprises a 3 storey building with ground floor retail shop, let to an estate agency business. The upper floors comprise 2 flats that have been sold off on long leases on leases for a term of 999 years from 2000 with peppercorn ground rent.
The ground floor benefits from a practical internal layout and offers a specification including:
Double frontage
Well-presented accommodation
Open plan retail space
Kitchen facilities
WC facilities
On-site parking + storage within double garage in rear part
Secure access
Convenient location within Guiseley
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 2nd Edition, January 2023, the unit provides an approximate net internal area of:
Gf Retail 789 Sq Ft 73.26 Sq M
gf Kitchen 90 Sq Ft 8.34 Sq M
Garage/ Store 515 Sq Ft 47.85 Sq M
Total 1394 Sq Ft 129.4 Sq M
The property is owned offered for sale on a freehold basis, subject to existing leases. The lease on the ground floor commercial shop is for a term of 10 years from 2026, with a tenant’s option to break at year 5 (2031) at a rent of £15,000 pa. The upper floors are held on long leases with a term of 999 years, from 2000 at a peppercorn rent. Therefore, the total income from this investment at present is £15,000 pa.
According to the Valuation Office Agency website, the ground floor retail shop has a current 2026 Rateable Value of £13,750.
Each party to the transaction will be responsible for their own legal expenses incurred.
VAT is not applicable.
This property benefits from an EPC rating of b-50.
The property comprises a 3 storey building with ground floor retail shop, let to an estate agency business. The upper floors comprise 2 flats that have been sold off on long leases on leases for a term of 999 years from 2000 with peppercorn ground rent.
The ground floor benefits from a practical internal layout and offers a specification including:
Double frontage
Well-presented accommodation
Open plan retail space
Kitchen facilities
WC facilities
On-site parking + storage within double garage in rear part
Secure access
Convenient location within Guiseley
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 2nd Edition, January 2023, the unit provides an approximate net internal area of:
Gf Retail 789 Sq Ft 73.26 Sq M
gf Kitchen 90 Sq Ft 8.34 Sq M
Garage/ Store 515 Sq Ft 47.85 Sq M
Total 1394 Sq Ft 129.4 Sq M
The property is owned offered for sale on a freehold basis, subject to existing leases. The lease on the ground floor commercial shop is for a term of 10 years from 2026, with a tenant’s option to break at year 5 (2031) at a rent of £15,000 pa. The upper floors are held on long leases with a term of 999 years, from 2000 at a peppercorn rent. Therefore, the total income from this investment at present is £15,000 pa.
According to the Valuation Office Agency website, the ground floor retail shop has a current 2026 Rateable Value of £13,750.
Each party to the transaction will be responsible for their own legal expenses incurred.
VAT is not applicable.
This property benefits from an EPC rating of b-50.
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