FULLY LET MIXED USE TENANTED INVESTMENT Gelateria / cafe with substantial first floor residential accommodation prominently situated in the centre of busy shopping area on North Lane in the commercial core of Headingley amongst a variety of mainly private retail traders and adjacent to a Sainsbury s convenience store. Leeds City Centre is about three miles away via the A660 Otley Road.
LOCATION
The property prominently situated in the centre of busy shopping area on North Lane in the commercial core of Headingley amongst a variety of mainly private retail traders and adjacent to a Sainsbury s convenience store. Leeds City Centre is about three miles away via the A660 Otley Road.
DESCRIPTION
The property is of brick construction under a part slated pitched and part flat flat roof providing two storey accommodation comprising large gelateria / cafe and first floor 5 bedroomed residential accommodation.
ACCOMMODATION
The property provides the following accommodation:-Ground floor Gelateria / cafe 82.0 m2 882 sq ftGround floor servery display counter 22.2 m2 239 sq ftGround floor kitchen area 39.2 m2 421 sq ftGround floor rear stores 35.0 m2 377 sq ftFirst floor storage 33.5 m2 361 sq ftGround floor w/c total commercial space 211.9 m2 2280 sq ft
PRICE
Offers over £550,000 for the freehold interest are invited.We are informed that VAT is not applicable to this sale.
TENANCY
The property is currently tenanted as follows:-Cafe / Gelateria £31,000 per annum10 year lease from Oct 2017 subject to Rent Review / Break Clause Oct 2022First floor residential £10,800 per annumFULLY LETTotal Annualised Rental £41.900
PLANNING
All enquiries regarding planning matters should be directed to Leeds City Council Planning Dept Council.
BUSINESS RATES
According to the Valuation Office Agency website, the current rateable value is:-Shop Unit £41,2500 RVInterested parties are advised to make their own enquiries in this respect.
ENERGY PERFORMANCE CERTIFICATE
Energy Performance Certificate for this property is currently being preparedThese can shortly 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 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. Details prepared October 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.
FULLY LET MIXED USE TENANTED INVESTMENT Gelateria / cafe with substantial first floor residential accommodation prominently situated in the centre of busy shopping area on North Lane in the commercial core of Headingley amongst a variety of mainly private retail traders and adjacent to a Sainsbury s convenience store. Leeds City Centre is about three miles away via the A660 Otley Road.
LOCATION
The property prominently situated in the centre of busy shopping area on North Lane in the commercial core of Headingley amongst a variety of mainly private retail traders and adjacent to a Sainsbury s convenience store. Leeds City Centre is about three miles away via the A660 Otley Road.
DESCRIPTION
The property is of brick construction under a part slated pitched and part flat flat roof providing two storey accommodation comprising large gelateria / cafe and first floor 5 bedroomed residential accommodation.
ACCOMMODATION
The property provides the following accommodation:-Ground floor Gelateria / cafe 82.0 m2 882 sq ftGround floor servery display counter 22.2 m2 239 sq ftGround floor kitchen area 39.2 m2 421 sq ftGround floor rear stores 35.0 m2 377 sq ftFirst floor storage 33.5 m2 361 sq ftGround floor w/c total commercial space 211.9 m2 2280 sq ft
PRICE
Offers over £550,000 for the freehold interest are invited.We are informed that VAT is not applicable to this sale.
TENANCY
The property is currently tenanted as follows:-Cafe / Gelateria £31,000 per annum10 year lease from Oct 2017 subject to Rent Review / Break Clause Oct 2022First floor residential £10,800 per annumFULLY LETTotal Annualised Rental £41.900
PLANNING
All enquiries regarding planning matters should be directed to Leeds City Council Planning Dept Council.
BUSINESS RATES
According to the Valuation Office Agency website, the current rateable value is:-Shop Unit £41,2500 RVInterested parties are advised to make their own enquiries in this respect.
ENERGY PERFORMANCE CERTIFICATE
Energy Performance Certificate for this property is currently being preparedThese can shortly 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 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. Details prepared October 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.
