Takeaway
A freehold investment comprising of a corner retail space currently trading as a Sandwich Shop.
Currently let on a 5 year lease from August 14th 2023 at a commencing rent of £7,500 per annum, rising to £8,000 per annum at the end of year three.
The property stands on a large corner plot with ample parking space and offers scope for possible future development, subject to planning permission. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Corner frontage located on the junction of Dixon Lane and Kellett Crescent, Wortley and within close proximity A58 Leeds to Halifax Road and the Leeds Outer Ring Road A6110. The property is approximately two miles from Leeds City Centre.
An ideal hands off investment with yield of approximately 8.8%.
11.4 sqm/123 sqft with large front facing windows
7.5 sqm/80 sqft
Large forecourt and parking with potential for redevelopment (subject to planning). Site area: 2,464 sq ft.
Freehold. Subject to tenancy.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Driveway
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.