Description

The property comprises a large shop unit on the ground floor trading as a Sainsburys. There are also two, recently refurbished two bedroom flats above which are not included in the sale price quoted on this detail sheet.

Lease

Length: 15 years from completion
Basis: Full Repairing and Insuring Lease
Rent: £25,000.00
Rent Review: Every third year
Renewal: 19th October 2015

Price

Available at £500,000 (5.00%)
We have been advised that the sale price quoted is NOT subject to VAT.

Full details

Location: 
The property is situated on a corner position at the junction between Stainbeck Road and Stainbeck Lane. The property is less than one mile from Chapel Allerton and boasts excellent access to Leeds City Centre and motorway networks.

Description: 
The property comprises a large shop unit on the ground floor trading as a Sainsburys. There are also two, recently refurbished two bedroom flats above which are not included in the sale price quoted on this detail sheet.

Accommodation: 
Ground Floor - Shop Unit  Let to: Jacksons Stores Limited  T/A Sainsburys
First Floors -  2 x two double bedroom apartments let at £650pcm and £625pcm both on assured shorthold tenancy agreements (Apartments not included in sale price quoted on this detail sheet) 

The shop is currently let on a 15 year, full repairing and insuring lease for £25,000 P/A.

The lease entitles a rent review every third year.

The lease renewal date is 19th October 2015.

Other Info: 
Directors of Stoneacre Properties have a financial interest in this property.

Viewing: 
Please note that viewings are strictly by appointment with Stoneacre Properties.