Studio flat for sale

MIXED-USE FULLY TENANTED FREEHOLD INVESTMENT4 storey property located on Briggate, Leeds City Centre, just below the junction with Boar Lane. It is on the edge of the central shop area and is 1 minute walk to the Trinity centre & 3 mins walk to the iconic Victoria Quarter, a hugely popular high-end shopping scheme which is anchored by Harvey Nichols and is the home to many premium retailers including Louis Vuitton and Vivienne Westwood.TENANCIES UNAFFECTED BY SALELOCATIONThe subject property is located on Briggate , Leeds City Centre, just below the junction with Boar Lane. It is on the edge of the central shop area and is 1 mins walk to the Trinity centre & 3 mins walk to the iconic Victoria Quarter, a hugely popular high-end shopping scheme which is anchored by Harvey Nichols and is the home to many premium retailers including Louis Vuitton and Vivienne Westwood.DESCRIPTIONThe property is offerred fully let as a Tenanted investment. This stone building with slated pitched roof constructed in the victorian era comprises restaurant accommodation to the ground floor & basement and a jazz bar to the first & second floor.ACCOMMODATIONThe property offers the following accommodation:-159 Briggate:-Ground floor Zone a 21.9 m2 - 236 sq ftGround floor Zone b 28.5 m2 - 307 sq ftGround floor Zone c 25.9 m2 - 279 sq ftBasement kitchen & stores 46.2 m2 - 496 sq ft TOTAL 122.5 m2 - 1318 sq ft159a Briggate:- First Floor 55.1 m2 - 593 sq ftSecond Floor 83.0 m2 - 893 sq ftThird floor 30.43 m2 - 327sq ft TOTAL 168.5 m2 - 1813sq ftplus WC'sTENANCYThe property is tenanted as follows:-159 Briggate:-10 year Lease from 2016 to 2026Passing rent ?40,0000 per annum plus vat159a Briggate:-15 year Lease from 2014Passing rent ?25,0000 per annum plus vatSubject to Rent Review March 2024 - details available soonTotal passing rental ?65,000pa plus vatPRICEOffers of ?925,000 are invited for the Freehold interest.We are informed that VAT is applicable to this Sale.BUSINESS RATESThe property has been assessed by the Valuation Office Agency as follows:-159 Briggate - ?24,400RV159a Briggate - ?23,250RVENERGY PERFORMANCE CERTIFICATEEnergy Performance Certificates for this property are:-159 Briggate0950-6933-0329-4220-9014 Rating C-57159a Briggage0950-6933-0329-4220-9014 Rating B-47These 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 April 2024.