This exciting opportunity is likely to appeal to both investors and developers alike. At present, all nine garages are let and producing an annual income of £7,080 however the current owner has been achieving higher rents on new lets recently and believes its true potential to be closer to £9,620 per annum. In addition, the site also has full planning permission (passed in May 2024) for the demolition of the existing garages and the development of a three bedroom detached home with driveway, parking for three cars and gardens. The property is located with Harehills, just two miles to the north east of Leeds city centre.
Tenure
Freehold.
Charges & Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - See above
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.