162 / 164 Kirkstall Hill, Leeds, West Yorkshire, LS4 2SX

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Sold for

£319,000

Additional Costs / Fees will apply

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Property Details

Location

Description

The mixed use property in Burley, Leeds, is fully let and generating an income of £31,760 per annum, offering potential returns of almost 11%, based on the guide price. Accommodation comprises a retail unit over ground floor and basement levels, and 2 x 2 bedroom flats, to the first and second floors.

Retail Unit - Benefitting from a longstanding tenant, of 10+ years, and with a new 6 year lease, for £12,500 per annum, signed in September 2024.

Flats 162A & 162B - Tenants in situ since May 2022 and October 2020, paying £10,560 and £8,700 per annum respectively. Both flats renewed their leases in September 2024 providing a secure income. Copies of all leases will be provided within the legal pack. The flats are accessed via another entrance, are separately metered, well presented, and each have their own boiler and utility/washing room.

Location

The property forms part of a popular parade of shops featuring a newsagents, cafes and takaways. Located approximately 2 miles north west of Leeds city centre.

Outside

Externally, there is a parking area to the rear of the building for multiple vehicles.

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 25TH FEBRUARY AND CLOSES ON WEDNESDAY 26TH FEBRUARY.

3. Energy Performance Certificate = 162a - D
162b - D
164 - D