FOR SALE / TO LET. LARGE RETAIL PREMISES WITH INCOME PRODUCING RESIDENTIAL ACCOMMODATION ABOVE sq.m (5,430 sq.ft.) excluding the Flats

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Magdalene Fields
6 years ago
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) excluding the Flats Sales area 312 sq.m (3,360 sq.ft.

1 ************************************** PRICE REDUCED *************************************** Of Interest to Owner Occupiers, Developers, Investors and Tenants FOR SALE / TO LET LARGE RETAIL PREMISES WITH INCOME PRODUCING RESIDENTIAL ACCOMMODATION ABOVE sq.m (5,430 sq.ft.) excluding the Flats Sales area 312 sq.m (3,360 sq.ft.) approx Excellent frontage Prominent corner position Busy High Street location Available as a whole - or for lettings could split to create two or three shop units Four self contained flats to the first floor 3 of which are currently income producing Additional income from large advertising hoarding TOWN STREET ARMLEY LEEDS LS12 3AA

2 LOCATION Armley is a well populated residential suburb of Leeds, situated approximately 2 miles to the west of the City Centre. The property occupies a prominent retail position, fronting Town Street, in the heart of Armley s busy shopping facilities. There are a variety of national and local retailers within the immediate vicinity of the premises, including Superdrug, Boots the Chemist, William Hill, Greggs, Somerfield etc. DESCRIPTION The property comprises a modern self contained part two and part three storey building of brick construction, beneath roofs which are predominantly clad in blue slate and which provides excellent ground floor retail accommodation which is of spacious proportions. The sales space benefits from shop frontages to Town Street, as well as a return frontage to Theaker Lane. The retail space is well supported by rear staff and storage accommodation on the ground floor, plus a first floor store room, together also with storage and garage accommodation which runs beneath the property at lower ground floor level and which could potentially be separately occupied. The remainder of the first floor comprises four separately accessed flats, three of which are currently let on Assured Shorthold tenancies and with one presently being vacant. Outside, there is a small enclosed rear yard with brick walls and a double entrance gate which give access to the loading door to the lower ground floor garage. ACCOMMODATION The property has the following approximate floor areas and dimensions : - Gross Frontage 33.00m (108 0 ) Built Depth 16.00m (av) ( 52 6 ) av COMMERCIAL Ground Floor Sales Former Pharmacy (Nos 42,44 & 46) sq.m (2,805 sq.ft.) Former Travel Agents (No 40) sq.m ( 555 sq.ft.) Rear Ancillary sq.m ( 363 sq.ft.)

3 Lower Ground Floor Garage/Stores sq.m (1,570 sq.ft.) First Floor SERVICES Store Room sq.m ( 137 sq.ft.) sq.m (5,430 sq.ft.) RESIDENTIAL Comprising four self contained first floor flats - not measured. All usual mains services. The commercial accommodation has toilet facilities on both ground and lower ground levels, and there is a goods lift serving all floors. RATING We are informed that there are two rateable values for this property as follows : - 40 Town Street Description Rateable Value Shop and Premises 9,800 UBR 2010/ We understand that the new rateable value with effect from 1 April 2010 will be 10, Town Street Description Rateable Value Shop and Premises 30,750 UBR 2010/ We understand that the new rateable value with effect from 1 April 2010 will be 33,250 Due to transitional relief provisions the rates payable with regard to this property may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rate liability.

4 LEASE DETAILS Flat 1 - let on an Assured Shorthold tenancy at 450 per calendar month Flat 2 - vacant - ERV 450 per calendar month Flat 3 - let on an Assured Shorthold tenancy at 395 per calendar month Flat 4 - let on an Assured Shorthold tenancy at 350 per calendar month The three flats that are currently occupied produce an annual rent of 14,340 per annum, which will increase to a figure of circa 19,740 per annum when the vacant flat has been re-let. The advertising hoarding on the Theaker Lane elevation of the property is let to Primesite for five years from July 2008 at 555 per annum. MEANS OF DISPOSAL The property is available for sale at a price of 425,000 for the benefit of the freehold interest, subject to the residential lettings and the letting of the advertising hoarding, but otherwise with vacant possession. Alternatively, the commercial accommodation is available to let either as a whole or in separate parts, on full repairing and insuring terms. Further details and rental information are available upon request from the marketing agents. FURTHER INFORMATION / VIEWING Via the sole agents contact David Towler. Tel: davidtowler@cartertowler.co.uk (Reference CDT.JEP ) Details updated February 2010

5 40-46 TOWN STREET ARMLEY LEEDS LS12 3AA

F O R S A L E O R T O L E T A S A W H O L E (M A Y L E T I N P A R T S) 3 ABBEY GATE NUNEATON CV11 6RT

F O R S A L E O R T O L E T A S A W H O L E (M A Y L E T I N P A R T S) 3 ABBEY GATE NUNEATON CV11 6RT Prominently Situated Three Storey Town Centre Building Comprising A Ground Floor Lock-Up Shop Unit