The property occupies a prominent position on
North Lane, close to its junction with Cardigan
Road and Kirkstall Lane within the popular North
Leeds suburb of Headingley.
The newly renovated property comprises a single storey retail unit
providing open plan sales area. The property has
recently been let on a 3-year lease commencing
1st September 2019 at a rental of £12,000 p.a.,
payable monthly in advance. There is no VAT
applicable on this property. The tenant is an
existing Limited Company, the rent is personally
guaranteed and there is a 3-month rent deposit
held by the current landlord.
Measured in accordance with the RICS Property
Measurement (incorporating International
Property Measurement Standards) 1st Edition,
May 2015, the unit provides an approximate net
internal area of 329 sq ft (30.6m²).
The property is offered for sale on a freehold
basis subject to the existing lease outlined above,
at a guide price of £175,000. VAT is understood
to not be applicable on this property.
According to the Valuation Office Agency website,
the premises has a current 2017 rateable value
of £11,500. Interested parties are advised to
direct further enquiries to the local authority.