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£875,000

Cromwell Street, Leeds, LS9

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£875,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£3,995 per month

Minimum deposit amount:

£43,750
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TENANTED INVESTMENT WITH POTENTIAL

Mixed-use property forming The Cairo Lounge, Erfan Bakery, extensive basement facilities and First floor 2 bed roomed residential accommodation on Cromwell Streett just off Skinner Lane and 1/2 mile from A61 Regent Street linking North Leeds and Leeds City Centre 1/2 mile away.

The exterior offers off-road car parking.

LOCATION

The property is located on Cromwell Street just off Skinner Lane and 1/2 mile from A61 Regent Street linking North Leeds and Leeds City Centre 1/2 mile away.

DESCRIPTION

The property, formally the Harp Public House was extensively renovated a few years ago and now forms The Cairo Lounge, Erfan Bakery, extensive basement facilities and First floor 2 bed roomed residential accommodation.The lounge has been tastefully fitted out and enjoys the benefit of inset air -on / heating. Two floor to ceiling glazed sides open out to exterior decking veranda offering extenive hospitality space.The exterior offers off-road car parking.

ACCOMMODATION

The property provides the following accommodation:- Cairo Lounge Ground floor Za 195.91m2 2108 sq ftCairo Lounge Public Toilets 10.05 m2 108 sq ftErfan Bakery Ground floor Za 24.71 m2 266 sq ftErfan Bakery Ground floor Zb 7.86 m2 85 sq ft Total 228.53 m2 2667 sq ftPlus:-Hospitaly verandas to 2 sidesExtensive full height basementFirsr floor 2 bedrooms living accommodationLand with parkingPlus frontage / parkingTotal site area 0.2 Acre

PRICE

Offers in the region of ?875,000 for the freehold interest are invited.We are informed that VAT is not applicable to this sale.

TENANCY

The property is currently let as a whole as follows:-Commencement date 1st October 2016Term 9 YearsEnd date 1st October 2025Passing rent ?27,600 per annum

PLANNING

All enquiries regarding planning matters should be directed to Leeds City Council Planning Dept Council.

BUSINESS RATES

According to the Valuation Office Agency website, the current rateable value is:-Cairo Lounge?12,750 RV subject to substantial Small Business Rate ReliefErfan Bakery ?3,150 RV subject to 100% Small Business Rate ReliefInterested parties are advised to make their own enquiries in this respect.

ENERGY PERFORMANCE CERTIFICATE

Energy Performance Certificate for this property:-0220-5959-0385-3560-5030Rating:-E-113This can be viewed on:-https://find-energy-certificate.service.gov.uk/energy-certificate/0220-5959-0385-3560-5030

VIEWINGS

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

MISREPRESENTATION ACT 1967

Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:- 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. 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. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property. 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. Details prepared February 2023

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Stamp Duty tax
These figures are estimates and are provided for guidance only
£31,250
Mortgage and legal costs:
£999
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Property details

£875,000

property for sale

Cromwell Street, Leeds, LS9

TENANTED INVESTMENT WITH POTENTIAL

Mixed-use property forming The Cairo Lounge, Erfan Bakery, extensive basement facilities and First floor 2 bed roomed residential accommodation on Cromwell Streett just off Skinner Lane and 1/2 mile from A61 Regent Street linking North Leeds and Leeds City Centre 1/2 mile away.

The exterior offers off-road car parking.

LOCATION

The property is located on Cromwell Street just off Skinner Lane and 1/2 mile from A61 Regent Street linking North Leeds and Leeds City Centre 1/2 mile away.

DESCRIPTION

The property, formally the Harp Public House was extensively renovated a few years ago and now forms The Cairo Lounge, Erfan Bakery, extensive basement facilities and First floor 2 bed roomed residential accommodation.The lounge has been tastefully fitted out and enjoys the benefit of inset air -on / heating. Two floor to ceiling glazed sides open out to exterior decking veranda offering extenive hospitality space.The exterior offers off-road car parking.

ACCOMMODATION

The property provides the following accommodation:- Cairo Lounge Ground floor Za 195.91m2 2108 sq ftCairo Lounge Public Toilets 10.05 m2 108 sq ftErfan Bakery Ground floor Za 24.71 m2 266 sq ftErfan Bakery Ground floor Zb 7.86 m2 85 sq ft Total 228.53 m2 2667 sq ftPlus:-Hospitaly verandas to 2 sidesExtensive full height basementFirsr floor 2 bedrooms living accommodationLand with parkingPlus frontage / parkingTotal site area 0.2 Acre

PRICE

Offers in the region of ?875,000 for the freehold interest are invited.We are informed that VAT is not applicable to this sale.

TENANCY

The property is currently let as a whole as follows:-Commencement date 1st October 2016Term 9 YearsEnd date 1st October 2025Passing rent ?27,600 per annum

PLANNING

All enquiries regarding planning matters should be directed to Leeds City Council Planning Dept Council.

BUSINESS RATES

According to the Valuation Office Agency website, the current rateable value is:-Cairo Lounge?12,750 RV subject to substantial Small Business Rate ReliefErfan Bakery ?3,150 RV subject to 100% Small Business Rate ReliefInterested parties are advised to make their own enquiries in this respect.

ENERGY PERFORMANCE CERTIFICATE

Energy Performance Certificate for this property:-0220-5959-0385-3560-5030Rating:-E-113This can be viewed on:-https://find-energy-certificate.service.gov.uk/energy-certificate/0220-5959-0385-3560-5030

VIEWINGS

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

MISREPRESENTATION ACT 1967

Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:- 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. 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. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property. 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. Details prepared February 2023