Otley Road, Leeds, Leeds, LS16 7NR

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Price: £330,000

investment for sale

Price: £330,000

About the Property

The premises comprise a two storey mixed use property positioned in an end position on a parade, having ground floor retail accommodation with 2 first floor flats and rear garage stores.
The ground floor sales property has been occupied as a hairdressing salon for a number of years and is well positioned with on-street car parking to the front, having a good display frontage and being in a prominent position along a busy main road.
Above are 2 self-contained flats, one of which is a studio and the other providing 2 bedrooms.

To the rear of the property are 2 single storey garages which have been let to a local business for overflow storage and workspace facilities.

The availability of the property provides an excellent opportunity for a private investor or investment company to acquire premises in the highly sought after commercial and residential location of Adel in North Leeds, an area which attracts good levels of occupier demand for both residential and commercial premises.

Based on the asking price, the premises offer a yield in the region of 7.24%.

Key Features

  • Mixed Use Investment Opportunity
  • ERV £23,900 per annum
  • Popular North Leeds location within a popular local parade of shops
  • 7.24% income yield spread across 4 occupiers
  • EPC Asset Ratings 495 D; 495a & 497 E.
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Otley Road, Leeds, Leeds

Price: £330,000 Price

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  • Heckmondwike 01924 412644

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