149-153 Harehills Road, Leeds, West Yorkshire, LS8 5BW

Lot Image

Auction sale - Monday 17th July 2017

Result:

Unsold, the last bid was £430,000. Please refer to Auctioneer for Reserve

  • Freehold retail and residential investment
  • Ground floor café and 8 self-contained en suite flats
  • Includes an ATM
  • Producing £64,080 per annum
  • Close to St James Hospital

Details

Location

Miles: Harrogate 15 miles, York 23 miles, Huddersfield 21 miles
Roads: A58, A61, A64(M), M1 (junction 46)
Rail: Leeds
Nearby Occupiers: St James's University Hospital

Description

The property comprises a three storey building arranged as a ground floor café with eight separate studio flats over the first and second floors. Access to the flats is from the rear. There is an ATM on the front Harehills Road elevation.

The property is situated on the east side of Harehills Road at the junction with Ashley Road in a mixed commercial and residential area.

Tenure

Freehold

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq Ft Lease Terms Rent £ pa
TOTAL £64,080
149-153 Harehills Road Ari Amediy (1) Ground Retail Kitchen/storage 77.15 37.57 830 404 10 years from 13/01/2017 £13,000
149-153 Harehills Road Individuals First Second Residential Residential 4 x studio bedroom flats (2) 4 x studio bedroom flats (3) 8 x AST's £41,080
ATM Clydesdale bank Plc (4) Ground ATM Not measured 5 years from 01/01/2015 £10,000
(1) There is a tenant's break option on the third anniversary of the lease.
(2) The first floor flats are arranged as bedroom/living area/kitchenette and WC/shower. There is a large shared communal kitchen.
(3) The second floor flats are arranged as bedroom/living area/kitchenette and WC/shower.
(4) There is a tenant's break option at any time upon 3 months' prior written notice.

Contact

Seller's solicitor

MHS Sprecher Grier

Maureen O'Regan

020 7489 6320

maureen.oregan@sprechergrier.com

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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