1 Kellett Crescent, Leeds, West Yorkshire LS12 4AQ
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- SIZE
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- SECTOR
Takeaway for sale
Key features
- The property is approximately 2 miles from Leeds City Centre
- Commercial retail premises on a large corner plot
- Let at £7,500 per annum with a fixed increase to £8,000pa
- Considerable development scope (subject to planning)
- High yield investment opportunity with value add opportunities
- Affluent Location
Description
For sale on 25 July 2024
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
The auction will commence at 09:00.
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%.
Mains sales shop - 11.4 sqm/123 sqft with large front facing windows
Kitchen/store 7.5 sqm/80 sqft
Toilet/WC -
Outside - Large forecourt and parking with potential for redevelopment (subject to planning). Site area: 2,464 sq ft.
Tenure: Freehold
EPC Rating: B
Terms:
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.
Brochures
1 Kellett Crescent, Leeds, West Yorkshire LS12 4AQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cottingley Station1.0 miles
- Leeds Station1.8 miles
- Burley Park Station2.0 miles
About SDL Property Auctions - Commercial, Nationwide
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Notes
Disclaimer - Property reference 202406100904sq_obtm. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Property Auctions - Commercial, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Property Auctions - Commercial, Nationwide on 08000 465454.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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