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.

Location - The 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 properites

Description - The 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.

Accommodation - The premises provide the following accommodation:-

RETAIL SPACE
Ground floor retail Za 18.0 m2 194 sq ft
Ground floor storage 9.3 m2 100 sq ft
Basement Storage 10.5m2 113 sq ft

Total space 37.8 m2 4.7 sq ft

Plus:-

RESIDENTIAL SPACE
First floor kitchen
First floor living room
Second floor bedroom
Second floor bathroom

Tenancy - The property is tenanted as follows:-

Shop unit with basement:-
- Vacant possession

Flat tenanted subject to AST
- £500.00 per month / £6,000 pa passing rent

Terms - The property is offered with current tenancy.

PRICE REDUCED TO
Offers Over £109,950 are invited for the Freehold Interest.

We are informed that VAT is not applicable to this sale.

Business Rates - According to the Valuation Office Agency website, the current rateable value is:- £2,650 RV.

Subject to 100% Small Business Rates Relief.

Energy Performance Certificate - Energy Performance Certificates for this property is are:-

Residential:-
2378-1942-6269-6611-2090
Rating D- 59

Commericial:-
EPC currently being assessed

Viewings - For further information or to arrange a viewing, please contact Peter Davies on[use Contact Agent Button].

Misrepresentation Act 1967 - Stoneacre 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 1991
These 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.