Cardinal Road, Leeds, West Yorkshire LS11 8EY – Leeds
Shop, retail unit for sale
£525,000 163 sq m
Mixed Use Investment
• Fully Tenanted
• Investment opportunity
LOCATION Stoneacre Properties are delighted to offer this mixed used property comprising 2 shop units and 5 one bedroom self-contained flats located within a suburban area surrounded by residential property but is close to the main shopping area along Dewsbury Road and is about 1 mile from the White Rose Shopping Centre. There is plentiful on-street and off-street parking and the area is served by public transport.
The property comprises a stand-alone brick built building with tiled pitched roof. The ground floor comprises a convenience store and community centre & café. The convenience store is currently vacant awaiting details of a new tenancy. The cafe has been fitted out to an excellent standard and is fast becoming a community hub.
The first floor is formatted into 5 separate one Bedroom self-contained flats which are let through a local housing association.
The first floor provides 5 separate flats each offering: - Living room kitchen diner, bedroom and bathroom. All units have recently been refurbished to a high standard.
There is ample room on site to extend and further develop the property and to create increased income.
TENANCY The Convenience Store is offered with Vacant Posession and is currently being marketed at £28,800 per annum.
The A3 Café is is let subject to a 6 year term at a commencing rental of £10,400 per annum increasing to £13,000 per annum in July 2021. There is provision for a further 6 years at £15,000 per annum
This shop, retail unit for sale is located in Leeds.