Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Investment & Development Opportunity!
- Superb main A65 position.
- Sure to attract significant interest.
- Currently ground flr unit including useful cellar with Lease Extension for 3 yrs at £5200 pa.
- 1st flr, hair salon but will be vacant on completion.
- Could convert to 1 bed., apartment subject to the necessary planning approvals or re-let.
- Shop front street facing.
- Right of access to the rear.
- Gross Yield could be iro £13,000 pa, ie 7.2% return.
- Call now to view.
Hardisty Commercial are pleased to offer this prominent property to the market. Located on the main A65 into Leeds City Centre close to many other amenities at 'Kirkstall Lights' the property offers a GROUND FLOOR SHOP UNIT, currently tenanted by a Brewery Shop & an upstairs, self contained unit currently a hair salon (but to be VACANT ON COMPLETION), with potential to be a one bedroom apartment, subject to the necessary planning permissions. This is an excellent location & one that will attract significant interest. Call us now to view -[use Contact Agent Button].
INTRODUCTION
Investment and Development Opportunity! Hardisty Commercial are pleased to offer this prominent property to the market. Located on the main A65 into Leeds City Centre close to many other amenities at 'Kirkstall Lights' the property offers a ground floor shop unit currently tenanted by a Brew Shop and an upstairs, self contained unit currently a hair salon (but to be vacant on completion) with potential to be a one bedroom apartment (STPP). This is an excellent location and one that will attract significant interest.
LOCATION
With thousands of vehicles passing daily along the A65 in and out of Leeds City Centre this is an extremely prominent position. Just to the rear there is also Kirkstall Bridge Shopping Centre along with the Morrisons complex. This will ensure a high demand of interest from tenants whenever either part of the building requires re-letting.
HOW TO FIND THE PROPERTY
SAT NAV - Post Code - LS5 3AQ.
CURRENT POSITION
The ground floor unit (which also includes a useful storage cellar) is currently let to 'Abbey Beer & Wine Making Supplies' and is at the moment, undergoing a lease extension for 3 years at a rate of £5200pa. The 1st floor unit has been rented as a hair salon for a number of years, however, the tenant is outgoing and the unit will be vacant upon completion. It is considered that, subject to the necessary planning permissions, the property would lend itself to conversion to a one bedroom residential apartment or one could re-let to a commercial tenant.
RENTAL RETURN
With the ground floor achieving an income of £5200pa and a one-bedroom apartment potentially attracting in the region of £650pcm (therefore £7800), it is anticipated that a gross yield could be in the region of £13,000 pa thus offering a return of circa 7.2%.
OUTSIDE
The property is street facing and there is a right of access to the rear.
BROCHURE DETAILS
Hardisty and Co prepared these details, including photography, in accordance with our estate agency agreement.
SERVICES - Disclosure of Financial Interests
Unless instructed otherwise, the company would normally offer all clients, applicants and prospective purchasers its full range of estate agency services, including the valuation of their present property and sales service. We also intend to offer clients, applicants and prospective purchasers' mortgage and financial services advice through our association with our in-house mortgage and protection specialists HARDISTY FINANCIAL. We will also offer to clients and prospective purchasers the services of our panel solicitors, removers and contactors. We would normally be entitled to commission or fees for such services and disclosure of all our financial interests can be found on our website.
MORTGAGE SERVICES
We are whole of market and would love to help with your purchase or remortgage. Call Hardisty Financial to book your appointment today[use Contact Agent Button] option 3.
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