Mixed use for sale
Property description & features
- 4,045 Sq Ft
- Fully Tenanted
- Ideal Investment
- GF - Iconic Restaurant
- FF - Dental Practice
- Fantastic Location
The property prominently dominates parade of shops fronting Otley Road A660 at the junction with B6157 towards Chapel Allerton and close to the heart of Headingley.
To the south, Leeds City Centre is about 4 miles away and to the north Leeds Outer Ring Road is less than 1 mile away providing easy access in all directions.
TENANCIES UNAFFECTED BY SALE
Location - The property prominently dominates the frontage of a parade of shop fronting Otley Road A660 at the junction with B6157 towards Chapel Allerton and close to the heart of Headingley.
To the south, Leeds City Centre is about 4 miles away and to the north, Leeds Outer Ring Road is less than 1 mile away which in turn provides easy access in all directions.
Description - The property offers 2 storey accommodation under a pitched tiled roof together with several outbuildings.
The Restaurant occupies the ground and part first floor on a Leasehold basis providing 85 cover seating area, Bar, Cocktail lounge and extensive kitchens prep areas & storerooms.
The Dental Practice occupies part of the first floor on a Leasehold basis and provides a reception area and 3 treatment rooms.
Accommodation - The property offers the following accommodation:-
111 - 115 Otley Road:-
Ground floor 219.79 m2 - 2355 sq ft
First floor 81.38 m2 - 876 sq ft
Ground floor stores 74.31 m2 - 800 sq ft
Totals 374.48m2 - 4031 sq ft
115a Otley Road:-
First floor reception 21.80 m2 - 245 sq ft
First floor treatment rooms 29.60 m2 - 318 sq ft
Totals 51.40 m2 - 553 sq ft
Tenancy - The property is tenanted as follows:-
111 - 115 Otley Road
£58,000pa
15 year lease 26/10/23 - 25/10/38
Rent Review at the end of years 5 & 10
Tenant Break at the end of years 5 & 10
115a Otley Road
£7,000pa
Subject to pending new lease & rent terms.
Total passing rental
£65,000pa
Price - Offers of £850,000 are invited for the Freehold interest.
We are informed that VAT is applicable to this Sale.
Business Rates - The property hase been assessed by the Valuation Office Agency as follows:-
111 - 115 Otley Road
£54,000RV
115a Otley Road
£7,800
Subject to 100% Small Business Rate relief (subject to status).
ZERO PAYABLE
Energy Performance Certificate - Energy Performance Certificate for this property are:-
111 - 115 Otley Road
2870-9400-2176-3369-6695
Rating B-45
115a Otley Road
2622-6852-2867-3512-4536
Rating C-62
These can be viewed on
Viewings - For further information or to arrange a viewing, please contact Peter Davies on[use Contact Agent Button].
Misrepresentation Act 1967 - Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
1.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.
2.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.
3. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
4.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 OR LEASE.
Details prepared March 2024.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 32950876. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Stoneacre Properties - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.