Property photos
Business
Offers over
£295,000
(£268.67/sq. ft)
Retail premises for sale
Harrogate Road, Leeds LS71,098 sq. ft
Local area information
Property location
Nearby amenities
- Chapel Allerton Primary School 0 miles
- St Matthew's Church of England Aided Primary School 0.3 miles
- Burley Park 2 miles
- Leeds 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Location
The property boasts a prime position in Chapel Allerton, right at the corner of Harrogate Road and The Methleys, ensuring excellent visibility to passing traffic.
Ideally situated on the main route into Leeds city centre, this vibrant neighbourhood is especially popular with young professionals, drawn by its lively bar and restaurant scene.
Ample free roadside parking adds to the convenience, while immediate access to amenities such as Lidl, Wetherspoon’s, and nearby Aldi makes this location particularly attractive.
Description
The property is arranged over four levels. At ground floor and basement level, the property is let to The Perfumed Garden. The ground floor is all sales space with a small step resulting in a change of level with storage and a wc in the basement.
Externally, there is an enclosed forecourt area which is used for outside seating in the warmer months. To the side of the property, there is separate access to the residential apartment. Upon entry, at first floor level, you are welcomed by the hallway whereby the lounge, kitchen and bathroom are accessible. At second floor level, there are two good sized bedrooms.
Accommodation
Basement 437sq ft (40.59sq m)
Ground 556sq ft (51.65sq m
First Floor/Attic 1,098sq ft (102sq m)
Total 2,091sq ft (194.24sq m)
Tenancy Info
The property generates a passing rent of £22,700. The commercial unit is currently let on effectively fully repairing and insuring terms at £11,000 per annum. The lease expires 17th March 2027. The current tenant has been in occupation over 15 years and plans to renew on expiry. The residential flat is at a rent of £11,700 per annum. The tenants have been in occupation over 5 years.
Terms
The freehold property is available for sale and we are inviting offers in excess of£295,000 (not subject to VAT) equating to a net initial yield of 7.36% allowing for 4.5% transaction costs.
The property boasts a prime position in Chapel Allerton, right at the corner of Harrogate Road and The Methleys, ensuring excellent visibility to passing traffic.
Ideally situated on the main route into Leeds city centre, this vibrant neighbourhood is especially popular with young professionals, drawn by its lively bar and restaurant scene.
Ample free roadside parking adds to the convenience, while immediate access to amenities such as Lidl, Wetherspoon’s, and nearby Aldi makes this location particularly attractive.
Description
The property is arranged over four levels. At ground floor and basement level, the property is let to The Perfumed Garden. The ground floor is all sales space with a small step resulting in a change of level with storage and a wc in the basement.
Externally, there is an enclosed forecourt area which is used for outside seating in the warmer months. To the side of the property, there is separate access to the residential apartment. Upon entry, at first floor level, you are welcomed by the hallway whereby the lounge, kitchen and bathroom are accessible. At second floor level, there are two good sized bedrooms.
Accommodation
Basement 437sq ft (40.59sq m)
Ground 556sq ft (51.65sq m
First Floor/Attic 1,098sq ft (102sq m)
Total 2,091sq ft (194.24sq m)
Tenancy Info
The property generates a passing rent of £22,700. The commercial unit is currently let on effectively fully repairing and insuring terms at £11,000 per annum. The lease expires 17th March 2027. The current tenant has been in occupation over 15 years and plans to renew on expiry. The residential flat is at a rent of £11,700 per annum. The tenants have been in occupation over 5 years.
Terms
The freehold property is available for sale and we are inviting offers in excess of£295,000 (not subject to VAT) equating to a net initial yield of 7.36% allowing for 4.5% transaction costs.
More information
Listed by
Dresler Smith Ltd
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Dresler Smith Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Dresler Smith Ltd for full details and further information.