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
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.