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2-4 Cross Green Lane, Halton, Leeds LS15 7QX

Lot no: 240 Sold Prior to Auction
 

Guide Price £120,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Tuesday 5th September 2023

10.00am
Key Features
  • Mixed use property
  • Ideal investment opportunity
  • Close proximity to amenities
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Mixed Use

Property Description:

Investment Opportunity. A mixed use property in Leeds, currently let producing £11,400 per annum.

An excellent opportunity to purchase a mixed-use property situated in the very popular area of Halton, Leeds. The property comprises a ground floor hair salon and a two-bedroom apartment to the first and second floor. The property is let and producing an income of £11,400 per annum. The seller advises the tenant of the hairdressers would like to renew her lease in October for four years at £480 pcm. Please note this is a verbal agreement only and no paperwork has been signed, the buyer would need to arrange this after completion.

The property lies within a predominantly residential area, approximately four miles east of Leeds City Centre. Cross Green Lane leads directly to Halton town centre in one direction and towards Crossgates in the other, ideal for both the commercial and residential aspect of the property. All necessary amenities and services can be found nearby including shops, transport links and plenty of popular bars and eateries. There are a selection of sports and leisure facilities nearby and plenty of outdoor spaces, including Primrose Valley Park.

Internally, the property remains in good condition throughout, well maintained by the tenants in situ. A full breakdown of the internal layout is provided below.

GROUND FLOOR:

Comprising -

Rental Unit - 11ft2 x 18ft6 (3.4m xx 5.64m)

The main ground floor retail unit is currently being rented out as a salon.

Rear Entrance Hall -

A separate rear entrance with staircase accessing the first floor flat(address as 4 Cross Green lane). This space benefits from a w/c along with access to the retail units if necessary.

Hairdressing Unit -

A small unit to the side aspect of the building currently being used as a hairdressing unit.

FIRST FLOOR:

Comprising -

Kitchen/Dining Room - 10ft9 x 10ft2(3.28m x 3.1m)
Lounge - 16ft2 x 12ft1(4.93m x 3.68m)
Bathroom 5ft x 10ft(1.52m x 3.05m) Fitted
Second Floor:
SECOND FLOOR:

Comprising -

Bedroom One - 16ft2 x 11ft10(4.93m x 3.6m)
Bedroom Two - 16ft2 x 12ft7(4.93m x 3.84m)
Note

Please be advised that the auctioneers have not personally inspected the property. Additionally, prospective buyers are directed to the results of the coal mining report within the legal pack, and are advised to read the legal documents in full and make all necessary independent enquiries prior to placing their bid, as this will be binding.

Tenure:

Freehold. See legal pack.


Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.

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