Offers over
£295,000
(£268.67/sq. ft)
Retail premises for saleHarrogate Road, Leeds LS7
1,098 sq. ft
Business
About this property
Location
The property boasts a prime position in Chapel Allerton, right at the corner of Harrogate Road and The Methleys, ensuring excellent visibility to passing traffic.
Ideally situated on the main route into Leeds city centre, this vibrant neighbourhood is especially popular with young professionals, drawn by its lively bar and restaurant scene.
Ample free roadside parking adds to the convenience, while immediate access to amenities such as Lidl, Wetherspoon’s, and nearby Aldi makes this location particularly attractive.
Description
The property is arranged over four levels. At ground floor and basement level, the property is let to The Perfumed Garden. The ground floor is all sales space with a small step resulting in a change of level with storage and a wc in the basement.
Externally, there is an enclosed forecourt area which is used for outside seating in the warmer months. To the side of the property, there is separate access to the residential apartment. Upon entry, at first floor level, you are welcomed by the hallway whereby the lounge, kitchen and bathroom are accessible. At second floor level, there are two good sized bedrooms.
Accommodation
Basement 437sq ft (40.59sq m)
Ground 556sq ft (51.65sq m
First Floor/Attic 1,098sq ft (102sq m)
Total 2,091sq ft (194.24sq m)
Tenancy Info
The property generates a passing rent of £22,700. The commercial unit is currently let on effectively fully repairing and insuring terms at £11,000 per annum. The lease expires 17th March 2027. The current tenant has been in occupation over 15 years and plans to renew on expiry. The residential flat is at a rent of £11,700 per annum. The tenants have been in occupation over 5 years.
Terms
The freehold property is available for sale and we are inviting offers in excess of£295,000 (not subject to VAT) equating to a net initial yield of 7.36% allowing for 4.5% transaction costs.
The property boasts a prime position in Chapel Allerton, right at the corner of Harrogate Road and The Methleys, ensuring excellent visibility to passing traffic.
Ideally situated on the main route into Leeds city centre, this vibrant neighbourhood is especially popular with young professionals, drawn by its lively bar and restaurant scene.
Ample free roadside parking adds to the convenience, while immediate access to amenities such as Lidl, Wetherspoon’s, and nearby Aldi makes this location particularly attractive.
Description
The property is arranged over four levels. At ground floor and basement level, the property is let to The Perfumed Garden. The ground floor is all sales space with a small step resulting in a change of level with storage and a wc in the basement.
Externally, there is an enclosed forecourt area which is used for outside seating in the warmer months. To the side of the property, there is separate access to the residential apartment. Upon entry, at first floor level, you are welcomed by the hallway whereby the lounge, kitchen and bathroom are accessible. At second floor level, there are two good sized bedrooms.
Accommodation
Basement 437sq ft (40.59sq m)
Ground 556sq ft (51.65sq m
First Floor/Attic 1,098sq ft (102sq m)
Total 2,091sq ft (194.24sq m)
Tenancy Info
The property generates a passing rent of £22,700. The commercial unit is currently let on effectively fully repairing and insuring terms at £11,000 per annum. The lease expires 17th March 2027. The current tenant has been in occupation over 15 years and plans to renew on expiry. The residential flat is at a rent of £11,700 per annum. The tenants have been in occupation over 5 years.
Terms
The freehold property is available for sale and we are inviting offers in excess of£295,000 (not subject to VAT) equating to a net initial yield of 7.36% allowing for 4.5% transaction costs.
Mortgage calculator
Monthly repayment
£1,475 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}