A ground floor retail unit with 2 to 3 bedroom residential accommodation above, currently generating a rental income of £10,000 per annum. This equates to an impressive return of 9% when based on the quoted guide price. A six year lease commenced in May 2014 and is on FRI terms. The property is located on a busy parade in Harehills approximately two miles to the north east of Leeds city centre. Please note that this property is being sold by a member of staff at Auction House or a staff member's family or an associate.
Charges and Payments
In addition to the deposit Administration Charge: 0.6% inc VAT of the purchase price subject to a minimum of £1,080 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
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.
Leeds City Council
Administration Charge - See above
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.