Studio flat for sale

Stoneacre Properties are delighted to offer this fully let mixed-use property providing ground floor retail shop unit and separate duplex 2 bed apartment on Burley Road, within the Hyde Park area of Leeds with easy access towards Kirkstall and Leeds City Centre of Leeds.LOCATIONThe property is located on Burley Road and forms part of a busy shopping parade catering for a high density student population within the Hyde park area of Leeds with easy access towards Kirkstall and Leeds City Centre.On the opposite side of the road are the Yorkshire Television and Emmerdale studios.DESCRIPTIONThe property is of brick construction under a slate pitched roof within an established parade. The ground floor provided retail accommodation and first and second floors provide 2 bedroomed residential accommodation separately accessed from the rear of the property.ACCOMMODATIONThe property provides the following accommodation:-GROUND FLOOR RETAILG/F front area 108 sq ft 10.07 m2G/F rear area 158 sq ft 14.65 m2G/F TOTAL 266 sq ft 24.72 m2plusBasement with WC 418 sq ft 38.87 m21st & 2nd FLOOR DUPLEX RESIDENTIAL Hall stairs & landing, living room, kitchen, bathroom & 2 x bedrooms.Plus shared rear yard.TERMSThe Freehold interest of this property is available at ?315,000.Vat is not chargeable on the rent.TENANCYThe property is tenanted as follows:-GROUND FLOOR RETAIL4 year Lease from 1st Aug 2023 ?12,000 per annum plus 5% management contribution1st & 2nd FLOOR DUPLEX RESIDENTIALAST from Nov 2023 with rental ?850 per month.ANNUALISED INCOME ?22800paBUSINESS RATESThe property has been assessed by the Valuation Office Agency in ?3,450 RVGROUND FLOOR RETAILSubject to 100% Small Business Rate Relief - Zero amount payable - subject to status.1st & 2nd FLOOR DUPLEX RESIDENTIALCouncil tax band BInterested parties are advised to make their own enquiries in this respect.ENERGY PERFORMANCE CERTIFICATEEnergy Performance Certificate for this property is:-9565-4929-9385-1991-0978Rating d-85This can be viewed on https://find-energy-certificate.service.gov.ukVIEWINGSFor further information or to arrange a viewing, please contact:-Peter Davies - Tel: 0113 237 0999peter@stoneacreproperties.co.ukMISREPRESENTATION ACTStoneacre 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 2023