Green Lane, Yeadon

Price guide £725,000
2,846 sq. ft.

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 and 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.

The premises would suit a variety of purchasers from developers, investors and owner occupiers. It is envisaged that the MOT garage would be willing to commit to a lease and the current landlord may be willing to do the same for the petrol station/shop. The market rent for the whole would then be in the region of £47,500 Per Annum.

Alternatively the landlord would consider a sale of his business at a figure in the region of £175,000, financial accounts can be provided on request. The petrol station/shop can then be either leased back at a rent of £27,500 Per Annum, or the property purchased alongside the business.

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.

Tenure

Freehold.

Rateable Value

Rateable Value: TBC
Uniform Business Rate for 2017/17 £0.479.

VAT

All figures quoted are deemed exclusive of VAT where applicable.

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.

Services

All mains services are connected to the property.

Viewing

Strictly by appointment with the agent Tel: 01423 501211.

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 and 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.

The premises would suit a variety of purchasers from developers, investors and owner occupiers. It is envisaged that the MOT garage would be willing to commit to a lease and the current landlord may be willing to do the same for the petrol station/shop. The market rent would then be in the region of £40,000 Per Annum. Alternatively the landlord would consider a sale of his business at a price to be discussed.

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Our next auction is on 6th December 2018

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