This property is no longer on the market
Property
Property description & features
- Mixed use investment
Mixed- use investment consisting of 2 commercial units, 6 bed HMO & 1 bed studio appartment.
Location - The property is located on Brudenell Road at the junction with Mayville Road, situated in central Hyde Park with excellent transport links, local amenities and access to Leeds and Leeds Becketts Universities.
Description - The property is of brick construction under a pitched tiled roof providing three storey accommodation comprising 2 ground floor commercial units and upper floor 6 bedroom HMO accomdation and separate upper floor 1 bed studio flat. All areas are heated gas central heating.
There is scope to extend the residential accommodation - subject to planning
Accommodation - The property provides the following accommodation:-
116a 6 Bedroom HMO 153.00 m2 1646 sq ft
116b 1 bed studio 32.00m2 344 sq ft
116 GF Office 76.60 m2 824 sq ft
Currently trading as a Letting Agent within Class E Planning
116c GF Studio 78.38 m2 843 sq ft
Currenty trading as a Beauty Salon within Class Sui Generis Planning
Price - Offers of £999,950 for the Freehold interest.
We are informed that VAT is not applicable to this sale.
Tenancy - The property is currently tenanted as follows:-
116a 6 Bed HMO £30,888
Fully let until July 2022
116b 1 bed studio £6,600
Fully let until July 2022
116 GF Office £20,000
Vacant Posession upon Completion
116d GF Studio £20,000
Vacant Posession upon Completion
TOTAL ANNULISED INCOME £77,444
Planning - All further enquiries regarding planning matters should be directed to Leeds City Council Planning Dept Council.
Business Rates - According to the Valuation Office Agency website, the current rateable values are:-
Shop unit 116 £6,7856RV
Shop unit 116d £6,500RV
Both are eligible for 100% Small Business Rate Relief
Interested parties are advised to make their own enquiries in this respect.
Viewings - For further information or to arrange a viewing, please contact Peter Davies on[use Contact Agent Button].
Energy Performance Certificates - Energy Performance Certificates for the residential areas are:-
116a 6 Bed HMO 9958-9075-6203-8820-5204
Rating C78
116b 1 bed studio 8880-7223-5470-5655-0292
Rating C74
Energy Performance Certificates for the commercial areas are:-
116 GF studio currently being asessed and details will shortly be available
116d GF Office currently being asessed and details will shortly be available
Misrepresentation Act 1967 - Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.
No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.
MISDESCRIPTIONS ACT 1991
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.
ALL OFFERS ARE SUBJECT TO CONTRACT.
Details prepared April 2021
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Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.
No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.
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Broadband availability and predicted speed
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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