Retail premises for sale

Units 1 & 2, Stainbeck Lane, Chapel Allerton, Leeds, West Yorkshire LS7

This Grade II listed freehold premises comprises two separate restaurant premises (both including ground floor and basement accommodation) generating a combined rental income of £71,000 + VAT per annum. Unit 1 is let on a five year lease from December 2022 to Mythos Greek Limited for £45,000 per annum with Unit 2 let on a 10 year lease from October 2022 to Zuppi Limited (T/A The Cats Pyjamas) for £26,000 per annum. The remainer of the property has previously been converted into 6 apartments, all sold off on 999 year leases many years ago.

The property occupies a prominent location in the heart of Chapel Allerton, one of Leeds most popular suburbs and is just two miles to the North of the city centre.

Interested parties should be aware that VAT will be payable on the purchase price.

Please note: A 6 week completion applies to this lot.

Accommodation

Basement

Kitchen & WCs

Ground Floor

Restaurant areas, kitchen & WCs

Additional Information

Council Tax

Leeds City Council

EPC Ratings

Unit 1 = D
Unit 2 = B

Tenure

Freehold

Charges And Payments

In addition to the deposit Administration Charge: 1.2% 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.