16 Town Street Farsley, Leeds

Asking price of £275,000
For Sale
Investment

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LOCATION  

The property is located fronting Town Street in the  centre of Farsley Village and is set within an  established parade of similar properties.  

DESCRIPTION  The property comprises a mid-terraced 3-storey  building with retail space at ground floor level. The  retail space is self contained and comprises open plan  sales area with separate staff/ WC facilities.  The upper floors comprise 2no. one bedroom  apartments that are separately let on Assured  Shorthold tenancies generating an annual income of  £11,700 pa.  

LEASE TERMS  

The ground floor shop is offered to let by way of a new  lease for a minimum term of 5 years at an initial rent  of £9,500 pa, exclusive.  Alternatively the property is offered for sale on a  freehold basis subject to existing tenancies at a guide  price of £275,000. It is understood that VAT is not  applicable.  

BUSINESS RATES  

According to the Valuation Office Agency website, the  ground floor commercial premises has a current 2017  rateable value of £9,100. Interested parties are  advised to direct further enquiries to the local  authority.

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