Green Lane, Yeadon, LS19 7BU

£695,000

LOCATION
The premises are located in a central position on the corner between Green Lane and Harrogate Road. Located only minutes from Leeds/Bradford airport and close to Leeds city centre as well as further afield.

DESCRIPTION
A rare opportunity to purchase a freehold garage plot located close to the heart of Yeadon. The property comprise 2 main parts, a petrol garage with large forecourt and shop, which is occupied and run by the current owner, the owner would be willing to sign a 10 year lease at a rent of £27,500 Per Annum.

The second part includes a separate warehouse/workshop which is currently tenanted and occupied by an MOT garage. The current passing rent is £20,000 Per Annum although no formal lease is currently in place.

It is envisaged that both parties would be willing to commit to new 10 year leases. The market rent for the whole would then be in the region of £47,500 Per Annum offering an ideal investment opportunity with a return of just under 7% based on the asking price.

SERVICES
All mains services are connected to the property.

TERMS
Property is available freehold.

OUTGOINGS
Rateable Value: TBC.
Uniform Business Rate for 2018/19: £0.480.
Small business rate relief may be available to some occupiers. Further enquiries should be directed to HBC 01423 500600.

VAT
All figures quoted are deemed exclusive of VAT where applicable.

LEGAL COSTS
Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.

PLANNING
Interested parties are advised to make their own enquiries of the local planning authority in respect of planning proposals if any change of use is envisaged.

VIEWING
If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.

Our next auction is on 5 March 2020

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PLEASE CONTACT US FOR MORE DETAILS AND TO ARRANGE A VIEWING

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