This substantial mixed-use property is sure to appeal to any investors looking for strong potential returns. The property comprises two shops and a cash point to the ground floor with eight residential studios across the first and second floors. At present, the two ground floor units are let to one tenant for £13,000 per annum although there are some arrears due to business interruptions caused by Covid-19. The cash machine generates a further £10,000 per annum with all residential units vacant and in need of refurbishment. The property is located in a prominent position on Harehills Road just 1.5 miles to the north of Leeds city centre. 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

Ground Floor

Two shops with cash point room

First Floor

Four studios

Second Floor

Four studios

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. 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.

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.