Map
Area stats6 bedroom house for sale
Tranquility House, Crossgates
Auction
Added yesterday
House
6 beds
Key information
Tenure: Freehold
Council tax: Ask agent
Features and 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 (0.18 ha) 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 on the eastern elevation, a street called Tranquility and are accessed off a shared stairwell and corridor. The detailed floor plan shows the precise configuration of the accommodation.
Location
Leeds is the principal city in 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 itself is 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, which provides further amenity and available car parking.
Tenure
The property is offered on a freehold basis, subject to existing tenancies.
VAT
It is understood that VAT is not applicable 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 guise price of £1,700,000. This reflects a net yield of 8.4%, assuming standard purchaser's costs. Subject to contract.
Viewings & Further Information
Please contact the sole letting agents:
Simon Dalingwater - [use Contact Agent Button]
Will Tomlin - [use Contact Agent Button]
Dan Moore - [use Contact Agent Button]
Location
Leeds is the principal city in 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 itself is 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, which provides further amenity and available car parking.
Tenure
The property is offered on a freehold basis, subject to existing tenancies.
VAT
It is understood that VAT is not applicable 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 guise price of £1,700,000. This reflects a net yield of 8.4%, assuming standard purchaser's costs. Subject to contract.
Viewings & Further Information
Please contact the sole letting agents:
Simon Dalingwater - [use Contact Agent Button]
Will Tomlin - [use Contact Agent Button]
Dan Moore - [use Contact Agent Button]
Area statistics
Crime score
Moderate crime
6/10
About this agent
The firm's name Adair Paxton is a result of the merger of two of the oldest-established firms of chartered surveyors, estate agents and valuers in the region. Both Adair Davy and Paxtons have been based in the city of Leeds since the mid-1800s and merged in 1999 to continue business as Adair Paxton. The combined force of the two agencies brings an unrivalled depth of experience and expertise in all property-related matters across both the residential and commercial markets offering a one-stop service for clients.