No longer on the market
This property is no longer on the market
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Features and description
- For sale by auction on the 15th May 2024
- Guide price £425,000
- Commercial premises
- Ten units & five offices
- Currently generating £77,940 p.a
- Great addition to an investor portfolio
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These commercial premises are split into ten units and five office spaces with outside grounds and are offered for sale via auction.
Eight units and two offices are currently occupied generating a gross rental income of £77,940 per annum making this a great addition to a commercial portfolio. We have been advised that the current vendor has been covering the electric and water charges for the building.
The property is located in Hunslet which is two miles south of Leeds City Centre. It has easy access onto the motorway network and a regular bus network and there are local shops and amenities nearby.
Please note: Auction House has been unable to inspect any tenanted units or offices. Additionally, there is a electrical substation located within the property grounds.
Rooms
ACCOMMODATION
Ground Floor
10 commercial units
First Floor
5 office spaces and a communal shower room
Externally
Yards to the rear and side
Additional Information
Council Tax
Leeds city council
Tenure
Freehold
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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