For Sale By Auction | 14:00, 11 December 2019 | Lot 33

Red Bus Cafe, York Road, Leeds, West Yorkshire, LS14 3AE

*Guide | £15,000 - £20,000 (plus fees)

  • Commercial Property
  • Tenure: Leasehold

Call the team on 0113 393 3482 for more information

Auction Date

Wed 11/12/2019

Auction Time

14:00

Auction Venue

Norman Hunter Banqueting Suite Elland Road Stadium, Leeds, LS11 0ES

Viewing Times:

Tue 19 Nov

09:30-09:55

Mon 25 Nov

09:30-09:55

Wed 4 Dec

09:30-09:55

Most will have eaten here at some point and those that haven't will have surely driven past. We are now offering you the chance to acquire this famous Leeds land mark, The Red Bus Cafe. Sure to be of interest to investors and those looking to set up their own business, the premises comprise a fully fitted double decker bus with ground floor kitchen and upstairs seating area. We have been advised that it was last rented at £6,600 per annum suggesting a gross return of 44% would be possible based on the lower guide price. There are no mains facilities available, however power to the Red Bus Cafe is by way of a generator housed in the container, also included as part of the sale. The premises are conveniently situated immediately off the A64 York Road to the North East of Leeds and in close proximity to the A1 national motorway which in turn provides access onto the M62 east bound. The property will be sold as seen with all contents, fixtures and fittings included. Ground rent: £650 per annum. Please refer to the legal pack for service charge and length of lease.

Tenure

Leasehold

Ground Floor

Entrance and kitchen.

First Floor

Seating area.

Externally

A container providing storage.

Charges & Payments

In addition to the deposit Administration Charge: 0.6% inc VAT of the purchase price subject to a minimum of £1080.00 inc VAT.

Local Authority

Leeds City Council

Additional Fees

Administration Charge - See above

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.