Pendas Way, LS15 8HU

Full Details

Retail shop unit currently trading as a hair & beauty salon, located on Pendas Waywithin a suburban parade of shops yet just 3/4 mile from Cross Gates District Centre and train station. There is good road access as the position is 1/2 mile from East Leeds Outer Ring Road and has excellent access to the motorway network.

Plentiful off-street parking.

Location - The property is located on Pendas Way within a suburban parade of shops yet just 3/4 mile from Cross Gates District Centre and train station.

There is good road access as the position is 1/2 mile from East Leeds Outer Ring Road and has excellent access to the motorway network.

Description - The property comprises an attractive freehold retail investment situated within a popular neighbourhood shopping parade on Pendas Way, approximately three-quarters of a mile from Cross Gates District Centre and railway station. The location benefits from excellent road connections, with the East Leeds Outer Ring Road less than half a mile away, providing convenient access to the wider motorway network.

The premises are currently occupied by a well-established hair and beauty salon and are being offered as an income-producing investment, with the sale subject to the existing tenancy.

Constructed in brick beneath a recently replaced roof, the property provides well-presented accommodation over ground and first floors. The ground floor offers a bright and welcoming retail space with an attractive shop frontage, while the first floor provides additional treatment or office space together with a kitchen and WC facilities.

The parade benefits from plentiful off-street parking, providing convenient access for customers and staff alike.

Accommodation - The premises offer the following accommodation:-

Ground Floor sales area 218 sq ft - 20.23 m2
First Floor area 39 sq ft - 12.95 m2
First floor kitchen 28 sq ft - 2.64 m2

Total Internal Area 385 sq ft - 35.82 m2

Plus WC

Terms - The Freehold interest is available at £85,000 subject to current tenancy.

The property is not elected for VAT.

Energy Performance Certificate - Energy Performance Certificate for this property is;-
3314-3329-4893-6015-0148
Rating B-48

These can be viewed on www.gov.uk/find-energy-certificate

Tenancy - The premises is let as hair and beauty salon to an established Tenant

subject to:-
- 6 year INI Lease from 1st Mar 2024
- Rental £6,950 per annum
- Rent Review / Break Clause 28th Feb 2027

At the asking price of £85,000, the investment reflects a gross yield of approximately 8.18%.

Business Rates - The property has been assessed by the Valuation Office at £5,600RV.

Subject to 100% Small Business Rate Relief (subject to status)
ZERO PAYABLE

Interested parties are advised to make their own inquiries in this respect.

Viewings - For further information or to arrange a viewing, please contact Peter Davies on 0113 237 0999

Misrepresentation Act - Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-

1.The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.

2.All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.

3. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
4.All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.

MISDESCRIPTIONS ACT 1991
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.

ALL OFFERS ARE SUBJECT TO CONTRACT OR LEASE.

Details prepared September 2026