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

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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