£1,700,000
Retail premises for sale
Property photos
Just added
Guide price
£1,700,000
(£173.79/sq. ft)
Retail premises for sale
Austhorpe Road, Leeds LS159,782 sq. ft
Local area information
Property location
Nearby amenities
- Cross Gates 0.2 miles
- Manston St James Primary Academy 0.4 miles
- Cross Gates Primary School 0.4 miles
- Garforth 2.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Location
Leeds is the principle city within Yorkshire, with a population of circa 830,000 and strong transport links with access to the M1/A1 and M62 motorways. The property is located in Crossgates, a thriving suburb approximately 4 miles east of the city centre, which is popular with families, professionals and commuters alike.
The subject property prominently fronts Austhorpe Road, close to its junction with Station Road which is itself the main arterial route linking the main Leeds Outer Ring Road with the M1 (junction 46). Crossgates train station is located approximately 250m from the subject property, providing regular train connections to Leeds, York and beyond.
The Crossgates Shopping Centre is located immediately opposite the property, which provides further amenity and available car parking.
Description
The property comprises a detached purpose built block of retail units, with rear and upper floor accommodation that have been converted to create 6 residential apartments. The property occupies a site which extends to approximately 0.44 acres (0.18ha) and includes forecourt areas to the retail shops and a private car park to the rear of the property providing circa 18 car parking spaces along with loading areas for the retailers.
Each of the retail shops is accessed off the main Austhorpe Road frontage. The residential apartments are accessed via a separate self contained entrance to the eastern elevation, a street call Tranquillity and are accessed off a shared stairwell and corridor. The detailed floor plan shown on our attached brochure show the configuration of the accommodation.
Tenure
The property is offered on a freehold basis, subject to existing tenancies.
VAT
It is understood that VAT is not applicable on this property and therefore VAT will not be added to the sale price.
Legal costs
Each party will be responsible for their own legal costs incurred in this transaction.
Aml
The successful bidder will be required to provide information to satisfy aml requirements when Heads of Terms are agreed.
Proposal
We are instructed to seek offers based on a guide price of £1,700,000. This reflects a net initial yield of 8.4%, assuming standard purchasers costs. Subject to contract.
Leeds is the principle city within Yorkshire, with a population of circa 830,000 and strong transport links with access to the M1/A1 and M62 motorways. The property is located in Crossgates, a thriving suburb approximately 4 miles east of the city centre, which is popular with families, professionals and commuters alike.
The subject property prominently fronts Austhorpe Road, close to its junction with Station Road which is itself the main arterial route linking the main Leeds Outer Ring Road with the M1 (junction 46). Crossgates train station is located approximately 250m from the subject property, providing regular train connections to Leeds, York and beyond.
The Crossgates Shopping Centre is located immediately opposite the property, which provides further amenity and available car parking.
Description
The property comprises a detached purpose built block of retail units, with rear and upper floor accommodation that have been converted to create 6 residential apartments. The property occupies a site which extends to approximately 0.44 acres (0.18ha) and includes forecourt areas to the retail shops and a private car park to the rear of the property providing circa 18 car parking spaces along with loading areas for the retailers.
Each of the retail shops is accessed off the main Austhorpe Road frontage. The residential apartments are accessed via a separate self contained entrance to the eastern elevation, a street call Tranquillity and are accessed off a shared stairwell and corridor. The detailed floor plan shown on our attached brochure show the configuration of the accommodation.
Tenure
The property is offered on a freehold basis, subject to existing tenancies.
VAT
It is understood that VAT is not applicable on this property and therefore VAT will not be added to the sale price.
Legal costs
Each party will be responsible for their own legal costs incurred in this transaction.
Aml
The successful bidder will be required to provide information to satisfy aml requirements when Heads of Terms are agreed.
Proposal
We are instructed to seek offers based on a guide price of £1,700,000. This reflects a net initial yield of 8.4%, assuming standard purchasers costs. Subject to contract.
More information
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