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Lot

016

Auction Ends: 27/03/2024 11:12 - Bidding opens Tuesday 26th March 10:00 AM

333 Burley Road, Leeds, West Yorkshire, LS4 2JJ

Sold

Sold for

£187,000

Additional Costs / Fees will apply

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Property Details

Location

Description

This mixed-use premises is fully let and generating an income of £16,900 per annum which equates to a return of more than 13%, based on the guide price. The ground floor retail unit is currently run as a sandwich shop on a 7 year lease, commencing in February 2022 and with a rent review every 3 years. The ground floor has a seating and sales counter area, kitchen and store. To the first floor, also known as 4 Argie Avenue, there is a well presented one bedroom apartment which has its own separate entrance at the rear of the building. In March 2024, the tenant signed a new 6 month tenancy agreement, at £700 per calendar month. Externally, there is a detached garage at the rear of the property that could also generate income or be used as storage for the new landlord.
Please note - We also have 400 Burley Road in our March catalogue should anyone wish to buy both. Pugh & Co have not inspected this property and marketing images were provided by the seller.

Location

Located on Burley Road, less than a mile from Headingley centre and less than two miles west of Leeds city centre.

Accommodation

Ground Floor	Retail - Seating Area, Kitchen, Store and WC (Not inspected)
First Floor	Living Kitchen, Bedroom and Shower Room

Outside

Rear yard and detached garage leading onto Argie Avenue.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 26TH MARCH AND CLOSES ON WEDNESDAY 27TH MARCH.

3. Energy Performance Certificate = 333 Burley Road (Shop) - C
4 Argie Avenue (Flat) - D