Cross Green Lane, Cross Green, LS9 0BD0 Bedroom Office
Council Tax
Band: Unknown
Tenure
Unknown
This substantial commercial property has been let to the same tenant for over 10 years with the current lease in place, not due to expire until 2028. At present, the property is generating a rental income of £18,000 per annum equating to an impressive return of almost 10% when based on the quoted guide price. It is predominantly made up of office space with communal kitchens and toilets and a good size storage area in the cellar. Externally the property has a garage and yard to the rear.
The property is located in Cross Green, an area that has seen a good deal of investment in recent years and is less than a mile away from Leeds City Centre.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Additional Information
Lower Ground Floor
Cellar Storage
Ground Floor
Reception area, offices, wet room, w/c, kitchen and store room
First Floor
Offices, kitchen and wc
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Council Tax
Band: Unknown
Tenure
Unknown
Key Features
- For sale by auction on the 20th October 2021
- Guide price £185,000
- Substantial commercial property
- Currently genarating £18,000 PA
- Located in Cross Green
Description
This substantial commercial property has been let to the same tenant for over 10 years with the current lease in place, not due to expire until 2028. At present, the property is generating a rental income of £18,000 per annum equating to an impressive return of almost 10% when based on the quoted guide price. It is predominantly made up of office space with communal kitchens and toilets and a good size storage area in the cellar. Externally the property has a garage and yard to the rear.
The property is located in Cross Green, an area that has seen a good deal of investment in recent years and is less than a mile away from Leeds City Centre.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Additional Information
Lower Ground Floor
Cellar Storage
Ground Floor
Reception area, offices, wet room, w/c, kitchen and store room
First Floor
Offices, kitchen and wc
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
