Commercial Property for sale in Cardinal Road, Leeds, LS11

Commercial Property - £525,000

Cardinal Road, Leeds, LS11

First listed on: 21st May 2020

Nearest stations: Cottingley (0.8 mi)Morley (1.5 mi)Leeds (2.2 mi)Burley Park (3.3 mi)Headingley (3.8 mi)

Interested in this property? Call See phone number 0113 237 0999

Property Features

  • Mixed Use Investment
  • Investment opportunity
  • Refurbished

Property Description

Mixed used property investment comprising 2 shop units and 5 one bedroom self-contained flats.

LOCATION

Stoneacre Properties are delighted to offer this mixed used property comprising 2 shop units and 5 one bedroom self-contained flats located within a suburban area surrounded by residential property but is close to the main shopping area along Dewsbury Road and is about 1 mile from the White Rose Shopping Centre. There is plentiful on-street and off-street parking and the area is served by public transport.

DESCRIPTION

The property comprises a stand-alone brick built building with tiled pitched roof. The ground floor comprises a beauty salon convenience store and Hairdressing salonThe first floor is formatted into 5 separate one Bedroom self-contained flats which are let through a local housing association.

ACCOMMODATION

The property provides the following accommodation on the Ground floor:Unit 1 Beauty salon 1750 sq ft 163 m2Unit 2 Hairdressers 635 sq ft 59 m2The first floor provides 5 separate flats each offering: - Living room kitchen diner, bedroom and bathroom. All units have recently been refurbished to a high standard.There is ample room on site to extend and further develop the property and to create increased income.

PRICE

Offers in the region of £525,000

TENANCY

Unit 1 is let on a 3 year term from April 2020 commencing at £12,000pa and increasing in Years 2 & 3 to £13,200pa. There is an option to extend a futher 2 years at £14,400pa.Unit 2 is is let subject to a year term at a commencing rental of £6,000 per annum increasing to £8,400pa per annum in July 2021. The apartments are currently let on a Assured Shorthold Tenancy Agreements as follows:- flat 1 £450 pcm £5,400 per annum flat 2 £500 pcm £6,000 per annum flat 3 £425 pcm £5,100 per annum flat 4 £450 pcm £5,400 per annum flat 5 £425 pcm £5,100 per annum Residental annualized rental £27,000 per annum

PLANNING

All further enquiries regarding planning matters should be directed to Leeds City Council Planning Dept

BUSINESS RATES

According to the Valuation Office Agency website, we understand that the Business Rateable Values for the:-Unit 1£11,000 RV100% Small Business Rate relief availableZERO PAYABLEUnit 2£4,550 RV100% Small Business Rate relief availableZERO PAYABLE

ENERGY PERFORMANCE CERTIFICATE

Energy Performance Certificates for this property are:-0097 - 0888 - 0330 - 7900 - 2203Rating G1519900 - 9946 - 0349 - 5800 - 6030Rating C668029 - 6024 - 8350 - 3629 0-1299Rating C682108 - 0049 - 6204 - 8769 - 0964Rating C658719 - 6024 - 8500 - 6680 - 9926Rating C602808 - 6059 - 6274 - 6569 - 0924Rating C60These can be viewed on www.ndeprcregister.com

VIEWINGS

For further information or to arrange a viewing, please contact Peter Davies on 0113 237 0999.

MISREPRESENTATION ACT 1967

Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-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.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.No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.MISDESCRIPTIONS ACT 1991These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.ALL OFFERS ARE SUBJECT TO CONTRACT.Details revised July 2020

You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-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.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.No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.

Mixed used property investment comprising 2 shop units and 5 one bedroom self-contained flats.

LOCATION

Stoneacre Properties are delighted to offer this mixed used property comprising 2 shop units and 5 one bedroom self-contained flats located within a suburban area surrounded by residential property but is close to the main shopping area along Dewsbury Road and is about 1 mile from the White Rose Shopping Centre. There is plentiful on-street and off-street parking and the area is served by public transport.

DESCRIPTION

The property comprises a stand-alone brick built building with tiled pitched roof. The ground floor comprises a beauty salon convenience store and Hairdressing salonThe first floor is formatted into 5 separate one Bedroom self-contained flats which are let through a local housing association.

ACCOMMODATION

The property provides the following accommodation on the Ground floor:Unit 1 Beauty salon 1750 sq ft 163 m2Unit 2 Hairdressers 635 sq ft 59 m2The first floor provides 5 separate flats each offering: - Living room kitchen diner, bedroom and bathroom. All units have recently been refurbished to a high standard.There is ample room on site to extend and further develop the property and to create increased income.

PRICE

Offers in the region of £525,000

TENANCY

Unit 1 is let on a 3 year term from April 2020 commencing at £12,000pa and increasing in Years 2 & 3 to £13,200pa. There is an option to extend a futher 2 years at £14,400pa.Unit 2 is is let subject to a year term at a commencing rental of £6,000 per annum increasing to £8,400pa per annum in July 2021. The apartments are currently let on a Assured Shorthold Tenancy Agreements as follows:- flat 1 £450 pcm £5,400 per annum flat 2 £500 pcm £6,000 per annum flat 3 £425 pcm £5,100 per annum flat 4 £450 pcm £5,400 per annum flat 5 £425 pcm £5,100 per annum Residental annualized rental £27,000 per annum

PLANNING

All further enquiries regarding planning matters should be directed to Leeds City Council Planning Dept

BUSINESS RATES

According to the Valuation Office Agency website, we understand that the Business Rateable Values for the:-Unit 1£11,000 RV100% Small Business Rate relief availableZERO PAYABLEUnit 2£4,550 RV100% Small Business Rate relief availableZERO PAYABLE

ENERGY PERFORMANCE CERTIFICATE

Energy Performance Certificates for this property are:-0097 - 0888 - 0330 - 7900 - 2203Rating G1519900 - 9946 - 0349 - 5800 - 6030Rating C668029 - 6024 - 8350 - 3629 0-1299Rating C682108 - 0049 - 6204 - 8769 - 0964Rating C658719 - 6024 - 8500 - 6680 - 9926Rating C602808 - 6059 - 6274 - 6569 - 0924Rating C60These can be viewed on www.ndeprcregister.com

VIEWINGS

For further information or to arrange a viewing, please contact Peter Davies on 0113 237 0999.

MISREPRESENTATION ACT 1967

Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-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.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.No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.MISDESCRIPTIONS ACT 1991These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.ALL OFFERS ARE SUBJECT TO CONTRACT.Details revised July 2020

You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-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.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.No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.

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Price History

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Date History Details
22/05/2020 Property listed at £525,000

Disclaimer

Disclaimer Property reference VE_29381811. Details are provided and maintained by Stoneacre Properties. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

184 Harrogate Road

Chapel Allerton

Leeds

LS7 4NZ

Telephone: See phone number 0113 237 0999

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

Disclaimer

Disclaimer Property reference VE_29381811. Details are provided and maintained by Stoneacre Properties. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

184 Harrogate Road

Chapel Allerton

Leeds

LS7 4NZ

Telephone: See phone number 0113 237 0999

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

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