- Substantial Residential & Commercial Investment
- Prime Central Headingley Location
- Gross Rent Roll circa £78,700 p/a (inc bills)
- Fast Food Unit , 11 Studio/Flats & car park
- Several flats re-let until Summer 2021
- Further Basement Potential
- EPC RATING - C & B
AN UNUSUAL OPPORTUNITY TO PURCHASE A COMMERCIAL AND RESIDENTIAL INVESTMENT PROPERTY WITH FREEHOLD BEING SOLD AS A GOING CONCERN, SITUATED IN THIS PRIME, CENTRAL HEADINGLEY LOCATION, JUST A FEW MINUTES WALK TO EXTENSIVE AMENITIES, THE CRICKET & RUGBY GROUNDS AND WITHIN EASY REACH OF LEEDS CITY CENTRE & UNIVERSITIES.
The property is made up of a commercial ground floor unit currently occupied by a fish & chip take away and 11 self contained studio/one bed flats with parking.
The commercial unit is let until 1st April 2022 with a gross annual rent of £8,880 rising by £300 each year.
Currently 8 of the 11 flats are let on assured shorthold tenancies, some until Summer 2021. The remaining 3 flats are currently vacant and are being actively being marketed to let. Once all the flats are let, the gross annualised rental income is expected to be circa £69,820 including bills. We understand the flats are all supplied by one set of utility services. (Please note we await copies of the tenancy agreements to verify these details).
Therefore, the fully occupied total annualised rent roll for the whole property is expected to be in the region of £78,700 p/a (inc bills).
Externally there is an enclosed parking area for a number of vehicles.
The basement currently offers storage and the heating system, but also offers potential for further development subject to consents. Internal viewing recommended to appreciate the full potential and in our opinion, scope for rental uplift.