Studio flat for sale

* * * Attention Investors * * *PRICE REDUCED 3 storey accommodation mixed-use property approximately 2 miles east of Leeds City Centre and accessed from Ivy Mount with excellent bus links to the city via York Road (A64). The area is a mix of commercial and residential with multiple local retailers within walking distance.There is potential to convert the ground floor to residential like some other neighbouring subject to Permitted Development/ Planning.LOCATIONThe property is approximately 2 miles east of Leeds City Centre and accessed from Ivy Mount with excellent bus links to the city via York Road (A64). The area provides is a mix of commercial and residential properitesDESCRIPTIONThe property consists of 3 storey accommodation of brick construction under a pitched tiled roof comprising Ground floor retail occommodation with basement and 1 bedroom residential accommodation to the 1st & 2nd floor.There is potential to convert the ground floor to residential like some other neighbouring subject to Permitted Development/ Planning.ACCOMMODATIONThe premises provide the following accommodation:-RETAIL SPACEGround floor retail Za 18.0 m2 194 sq ft Ground floor storage 9.3 m2 100 sq ftBasement Storage 10.5m2 113 sq ftTotal space 37.8 m2 4.7 sq ftPlus:-RESIDENTIAL SPACEFirst floor kitchen First floor living room Second floor bedroom Second floor bathroomTENANCYThe property is tenanted as follows:-Shop unit with basement:-- Vacant possessionFlat tenanted subject to AST- ?500.00 per month / ?6,000 pa passing rentTERMSThe property is offered with current tenancy.PRICE REDUCED TOOffers Over ?109,950 are invited for the Freehold Interest.We are informed that VAT is not applicable to this sale.BUSINESS RATESAccording to the Valuation Office Agency website, the current rateable value is:- ?2,650 RV.Subject to 100% Small Business Rates Relief.ENERGY PERFORMANCE CERTIFICATEEnergy Performance Certificates for this property is are:-Residential:-2378-1942-6269-6611-2090Rating D- 59Commericial:- EPC currently being assessedVIEWINGSFor further information or to arrange a viewing, please contact Peter Davies on 0113 237 0999.MISREPRESENTATION ACT 1967Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:- 1.The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.2.All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.3. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.4.All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.MISDESCRIPTIONS ACT 1991These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.ALL OFFERS ARE SUBJECT TO CONTRACT OR LEASE.Details prepared September 2022.