Retail premises for sale

Station Road, Horsforth, Leeds, West Yorkshire LS18

This through terrace retail unit is now available to buy via traditional auction, has been trading as a salon for approximately 28 years and is currently generating £13,500 per annum and a return of 8%. It comprises an open plan salon, reception, treatment room, kitchenette and toilet to the ground floor, two treatment rooms, tanning room and a bathroom to the first floor with a further treatment room on the second floor.

We understand the property is let on a 15 year lease from the 16th of October 2022 with 5 yearly upward only rent reviews and a tenant break option on the 17th of October 2030.

Externally the property occupies a prominent position on Station Road, one of Horsforth’s busiest retail parades.

Accommodation

Ground Floor

Salon, kitchen and WC

First Floor

Three treatment rooms and a bathroom

Second Floor

Treatment room

Additional Information

Local Authority

Leeds City Council

EPC Rating

C

Tenure

Freehold

Charges And Payments

In addition to the deposit
Administration Charge: 1.5% inc VAT of the purchase price subject to a minimum of £2,100 inc VAT.

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.