Oakwood Lane, Leeds £395,000

COMMERCIAL AND RESIDENTIAL INVESTMENT OPPORTUNITY - TOTAL ANNUALISED RENTAL INCOME OF £48,834 (Bills included on the residential part of the rent)

A SUBSTANTIAL CORNER BUILDING WITH COMMERCIAL AND RESIDENTIAL USE, SITUATED ON THIS PROMINENT POSITION ON A SMALL PARADE, PROVIDING VERY WELL PRESENTED AND MANAGED ACCOMMODATION, VERY CONVENIENT FOR EASY ACCESS INTO LEEDS CITY CENTRE AND THE MAJOR ROAD NETWORK.

The shop unit is let on a 6 year lease from the 7th January 2025 until 2031 with a current rent of £9,954 p/a. The rent increases by 5% on an annual basis. Current rateable value £4,900.

The neighbouring residential property is let as a 5 bedroomed HMO, each bedroom having an en-suite shower room w/c, let on single tenancy agreements with a total annualised gross rent of £38,880 including bills and council tax. A regular communal clean is also provided by the seller. The seller has a HMO Licence until the 12th July 2029 and the sale is not subject to any lettings management tie-in, allowing buyers to self manage or appoint their preferred agent.

The commercial unit occupies the ground floor on Oakwood Lane, whilst the residential unit has its own access on Dib Lane with parking to the front. There is additional parking to the rear which is allocated to the commercial unit.

Internal viewing strongly advised of this well run investment concern.

Point to note: As the property both has commercial and residential use, buyers requiring mortgage funding, should seek specialist advice prior to viewing. The internal photographs have been provided by the seller, taken prior to tenancies.

CLICK ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, ITS BOUNDARIES, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.