This substantial commercial property has been let to the same tenant for over 10 years with the current lease in place, not due to expire until 2028. At present, the property is generating a rental income of £18,000 per annum equating to an impressive return of almost 10% when based on the quoted guide price. It is predominantly made up of office space with communal kitchens and toilets and a good size storage area in the cellar. Externally the property has a garage and yard to the rear. The property is located in Cross Green, an area that has seen a good deal of investment in recent years and is less than a mile away from 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

Lower Ground Floor

Cellar Storage

Ground Floor

Reception area, offices, wet room, w/c, kitchen and store room

First Floor

Offices, kitchen and wc

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.