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Lot - 329 Roundhay Road, Leeds, LS8 4HT Auction Lot £225,000+ - Auction Estates

Next Auction

08 October 2020

329 Roundhay Road, Leeds, LS8 4HT

Guide Price: £225,000+


Sold
Prior

Key Features

  • Freehold mixed use property in busy Leeds suburb
  • Retail unit at ground floor and basement with 5 x 1 bed flats over first and second floor
  • Total ERV circa £40,000 - £50,000 pa
Draft Details Only

A freehold mixed use property comprising ground floor retail unit, let and trading as a convenience store measuring 2,509 sq ft and 5 x 1 bedroom self contained flats. Located on a busy road within a row of independent shops in a popular Leeds suburb

• Freehold mixed use property in busy Leeds suburb
• Located circa 3.2 miles from Leeds City Centre
• Ground floor retail unit including basement, office & storage
• Retail demise measures circa 2,509 sq ft (Source: VOA)
• Let from May 2005 to May 2025 at a rent of £23,400 pa
• On street parking to front and large communal car park to rear
• Rear car park not owned under the freehold title
• Land to the side of the property owned under separate title
• Entrance to side of property to 5 x self contained flats above
• 5 x 1 bedroom flats located over first and second floor
• Flats not yet internally inspected by Auction Estates
• Total ERV circa £40,000 - £50,000 pa (tbc)
• Ideal opportunity for investors

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Please contact Auction Estates on 0115 7844 600

Important Notices

Fees

For each lot, a Buyers Fee of £1,200 +vat is payable to Auction Estates where the lot value exceeds £10,000, the Buyers Fee is £600 +vat.

The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold subject to a lease of the ground floor and basement to a convenience store from May 2005 to May 2025 at a rent of £23,400 pa.
5 x 1 bedroom self-contained flats above.

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