Studio flat for sale

MIXED-USE FULLY TENANTED FREEHOLD INVESTMENTThe property prominently dominates parade of shops fronting Otley Road A660 at the junction with B6157 towards Chapel Allerton and close to the heart of Headingley.To the south, Leeds City Centre is about 4 miles away and to the north Leeds Outer Ring Road is less than 1 mile away providing easy access in all directions.TENANCIES UNAFFECTED BY SALELOCATIONThe property prominently dominates the frontage of a parade of shop fronting Otley Road A660 at the junction with B6157 towards Chapel Allerton and close to the heart of Headingley.To the south, Leeds City Centre is about 4 miles away and to the north, Leeds Outer Ring Road is less than 1 mile away which in turn provides easy access in all directions.DESCRIPTIONThe property offers 2 storey accommodation under a pitched tiled roof together with several outbuildings.The Restaurant occupies the ground and part first floor on a Leasehold basis providing 85 cover seating area, Bar, Cocktail lounge and extensive kitchens prep areas & storerooms.The Dental Practice occupies part of the first floor on a Leasehold basis and provides a reception area and 3 treatment rooms.ACCOMMODATIONThe property offers the following accommodation:-111 - 115 Otley Road:-Ground floor 219.79 m2 - 2355 sq ftFirst floor 81.38 m2 - 876 sq ftGround floor stores 74.31 m2 - 800 sq ftTotals 374.48m2 - 4031 sq ft115a Otley Road:-First floor reception 21.80 m2 - 245 sq ftFirst floor treatment rooms 29.60 m2 - 318 sq ftTotals 51.40 m2 - 553 sq ftTENANCYThe property is tenanted as follows:-111 - 115 Otley Road?58,000pa15 year lease 26/10/23 - 25/10/38Rent Review at the end of years 5 & 10Tenant Break at the end of years 5 & 10115a Otley Road?7,000paSubject to pending new lease & rent terms.Total passing rental ?65,000paPRICEOffers of ?850,000 are invited for the Freehold interest.We are informed that VAT is applicable to this Sale.BUSINESS RATESThe property hase been assessed by the Valuation Office Agency as follows:-111 - 115 Otley Road?54,000RV115a Otley Road?7,800Subject to 100% Small Business Rate relief (subject to status).ZERO PAYABLEENERGY PERFORMANCE CERTIFICATEEnergy Performance Certificate for this property are:-111 - 115 Otley Road2870-9400-2176-3369-6695Rating B-45115a Otley Road2622-6852-2867-3512-4536Rating C-62These can be viewed on www.gov.uk/find-energy-certificateVIEWINGSFor 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 March 2024.