Property photos
Just added
Guide price
£400,000
(£365.63/sq. ft)
Retail premises for sale
Austhorpe Road, Leeds LS151,094 sq. ft
Local area information
Property location
Nearby amenities
- Cross Gates 0.2 miles
- Manston St James Primary Academy 0.4 miles
- Cross Gates Primary School 0.5 miles
- Garforth 2.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Fully Let Investment
- Popular Suburb
- High Footfall Location
- 7.5% yield
Location
The subject property is located on Austhrope Road which is a high footfall area in Crossgates. Within close proximity to the property are some large national occupiers such as Costa Coffee, Cooplands and Greggs.
The property is located on the other side of the road to the Cross Gates Shopping Centre. It is also within 0.3 miles of Cross Gates Train Station and is 5 miles East of Leeds City Centre.
Description
The property comprises a mid terraced, two storey, brick built building under a pitched roof.
At ground floor level, the property is let to a Limited Company trading as ‘smash official’ The ground floor is open plan with the sales area at the front of the property and the kitchen facilities at the rear.
The ground floor tenant also benefits from a basement whereby there are 3 rooms that are ideal for storage purposes.
To the rear of the property, there is separate access to the residential apartment.
Upon entry, at first floor level, you are welcomed by the hallway whereby the lounge, kitchen and bathroom is accessible.
At second floor level, there are two good sized bedrooms.
Externally, the residential tenant benefits from 1 car parking spot.
Accommodation
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 2nd Edition, January 2023, the commercial element provides an approximate net internal area of:
Ground Floor 898 sq ft (83.5 sq m)
First Floor 196 sq ft (18.3 sq m)
Total 1,094 sq ft (101.8 sq m)
Tenancy info
The commercial unit is currently let on effective full repairing and insuring terms at £21,000 per annum. The lease expires 28th June 2028. The residential AST runs until 31st July 2025 at a rent of £9,000 per annum.
Terms
The freehold property is available for sale subject to its existing tenancies at a guide price of £400,000.
The subject property is located on Austhrope Road which is a high footfall area in Crossgates. Within close proximity to the property are some large national occupiers such as Costa Coffee, Cooplands and Greggs.
The property is located on the other side of the road to the Cross Gates Shopping Centre. It is also within 0.3 miles of Cross Gates Train Station and is 5 miles East of Leeds City Centre.
Description
The property comprises a mid terraced, two storey, brick built building under a pitched roof.
At ground floor level, the property is let to a Limited Company trading as ‘smash official’ The ground floor is open plan with the sales area at the front of the property and the kitchen facilities at the rear.
The ground floor tenant also benefits from a basement whereby there are 3 rooms that are ideal for storage purposes.
To the rear of the property, there is separate access to the residential apartment.
Upon entry, at first floor level, you are welcomed by the hallway whereby the lounge, kitchen and bathroom is accessible.
At second floor level, there are two good sized bedrooms.
Externally, the residential tenant benefits from 1 car parking spot.
Accommodation
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 2nd Edition, January 2023, the commercial element provides an approximate net internal area of:
Ground Floor 898 sq ft (83.5 sq m)
First Floor 196 sq ft (18.3 sq m)
Total 1,094 sq ft (101.8 sq m)
Tenancy info
The commercial unit is currently let on effective full repairing and insuring terms at £21,000 per annum. The lease expires 28th June 2028. The residential AST runs until 31st July 2025 at a rent of £9,000 per annum.
Terms
The freehold property is available for sale subject to its existing tenancies at a guide price of £400,000.
Floor plans and tours
Floor plans (1)
More information
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Adair Paxton. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Adair Paxton for full details and further information.