Next auction Thursday 15th August 2.30PM

329 Roundhay Road, Leeds, LS8 4HT



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Guide price

£225,000+


Property Type

Mixed Use

Bedrooms

3


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

Part of the 13 August 2020 auction
Remote auction only at 2.30PM

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

Please contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. 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.

Email: robert.counsell@tltsolicitors.com
Telephone: 0333 006 0815

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