Adair Paxton Property Specialists

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Under Offer
£695,000

Park House Clayton Wood Close, Leeds

Office

LOCATION

The property is located on Clayton Wood Close, just off Leeds Ring Road, and adjacent to WIRA Business Park, in the affluent suburb of West Park. This location is approximately 5 miles north of Leeds city centre and 2 miles from Leeds/Bradford Airport.

 

DESCRIPTION

The property comprises a 2-storey brick-built and extended property under a pitched steel profile roof with allocated parking to the front and also to the rear within a gated secure yard. From within the yard is loading access to the ground floor which provides a mixture of storage and office space. The first floor is quality office accommodation configured in a mixture of open-plan and cellular space.

 

ACCOMMODATION

Measured in accordance with the Royal Institution of Chartered Surveyors Code of Measuring Practice (6th Edition), the accommodation provides the following approximate net internal areas:

lower ground floor 587 sq ft (54.5m²)

ground floor 3939 sq ft (366m²)

first floor 5915 sq ft (549.5m²)

Total 10,441 sq ft (970m²)

TERMS

The property is offered for sale on a freehold basis at a guide price of £695,000. It is understood that VAT is not applicable on this property. It currently benefits from one occupier in part of property at a rent of £15,000 p.a. on a lease which runs until September 2022.

 

BUSINESS RATES

The building is configured as a Business Centre and therefore there are a variety of suites with separate rating assessments. Interested parties are advised to make their own enquiries in this respect.

For Sale
£250,000

The Old Woolpack Buildings Low Lane, Leeds

Investment

LOCATION

The property is located fronting Low Lane close to its junction with Broadgate Lane and a short distance from the Leeds Outer Ring Road (A6120). The property is located within a densely populated residential area. There is unrestricted parking available on Low Lane and surrounding streets.

DESCRIPTION

The property is a detached two storey stone built building, comprising ground floor restaurant with first floor storage space. The property is let to a private individual tenant who trades as an Indian restaurant.

ACCOMMODATION

Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the unit provides the following approximate internal areas:

Ground Floor: 1,405 sq ft (130.6m²)

First Floor: 636 sq ft (59.1m²)

Total: 2,041sq ft (189.7m²)

TENANCY DETAILS

The premises are currently leased by way a 15-year lease from 1st November 2010 at a passing rent of £15,000 p.a. exclusive. Therefore, the lease expires in 2025 and the next rent review is due in 2019.

 

TERMS

The property is offered on a freehold basis subject to the existing lease with offers invited in excess of £250,000. VAT is not applicable on this property.

 

BUSINESS RATES

According to the Valuation Office Agency website, the premises has a current 2017 rateable value of £10,250. Interested parties are advised to direct further enquiries to the local authority.

For Sale
£225,000

94 Burley Road Leeds, Leeds

Investment

LOCATION

The property is prominently located on Burley Road running parallel to the A65 in to Leeds City Centre. It is set within a terrace of similar retail properties and is approximately 1mile from Leeds City Centre.

DESCRIPTION

The property comprises ground floor retail premises with separately-accessed residential accommodation above. The entire property is let on a single lease and the ground floor retail space traces as a Mediterranean mini-market and comprises open-plan retail space with an extended rear comprising a cold room and staff welfare facilities. The residential accommodation is accessed via a side entrance with stairs leading to first floor lounge and kitchen with 3 bedrooms.

ACCOMMODATION

Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the ground floor retail unit provides an approximate net internal area of 907 sq ft (84.3m²) 

TENANCY DETAILS

The premises are currently leased by way a 15-year lease from May 2013 at a current passing rent of £17,000 p.a. exclusive, to a tenant who is a private individual Therefore, the lease expires in May 2028 and the next rent review is due in May 2018.

TERMS

The property for sale on a freehold basis subject to the current lease dated May 2013 at a guide price of £225,000. It is understood that VAT is not applicable on this property.

 

BUSINESS RATES/COUNCIL TAX

According to the Valuation Office Agency website, the commercial element has a current 2017 rateable value of £8,100. The residential accommodation is assessed for Council Tax in Band A. Interested parties are advised to direct further enquiries to the local authority.

Sold
£375,000

66/66a Otley Road Headingley, Leeds

3 bedroom - Investment

LOCATION

The property is located prominently on Otley Road (A660) in Far Headingley, close to its junction with Cottage Road and in the vicinity of a well-established retail parade. This popular and affluent suburb of North Leeds is both densely populated and on a busy arterial route into Leeds city centre.

DESCRIPTION

The property comprises ground floor retail premises with separately-accessed residential accommodation above. The ground floor is let as a long-established hairdressing salon. The residential accommodation above briefly comprises lounge, kitchen, 3 double bedrooms and bathroom/WC, and benefits from gas central heating and uPVC double glazing.

ACCOMMODATION

Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the ground floor retail unit provides an approximate net internal area of 789 sq ft (73.3 m²). 

TENANCY DETAILS

The retail premises are currently let by way of a 5-year lease from September 2017. Full lease details are available on request. The upper floor accommodation is let on an Assured Shorthold Tenancy expiring in July 2018, with a combined rental for 3 rooms of £12,780 p.a.

TERMS

The property for sale on a freehold basis subject to the existing tenancies at a guide price of £375,000. It is understood that VAT is applicable on this property.

 

BUSINESS RATES/COUNCIL TAX

According to the Valuation Office Agency website, the commercial element has a current 2017 rateable value of £15,000. The residential accommodation is assessed for Council Tax in Band B. Interested parties are advised to direct further enquiries to the local authority.

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