Since being purchased in 2017, the current owners have turned this building from an empty shell into an attractive, high yielding investment opportunity. The property is of mixed use and generating a total income of £13,800 per annum, which provides a healthy return of 11%+ which is strong for the LS28 area. The ground floor is currently run as a beauticians, is immaculately kept and generates £7,800 per annum. There are also storage rooms to the cellar which have the potential to be further developed. The first floor, with its own separate access from street level, is set out as a large studio flat with separate kitchen, shower room and living room plus sleeping area. The flat is generating £6,000 per annum on an AST. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Tenure

Freehold

Lower Ground Floor

Two store rooms

Ground Floor

Open plan sales area, treatment room and wc. Flat: Entrance hall

First Floor

Landing, living room with sleeping area, kitchen and shower room

Charges and Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 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.