Terraced House
A mixed-use investment property in Leeds, currently let producing £7,128 per annum part let.
The property comprises a ground floor former hair salon and a two-bedroom apartment to the first and second floor.
The ground floor commercial unit (2 Cross Green Lane) is vacant with scope to produce circa £850pcm. The two bedroom apartment is held on an AST producing £594pcm. 4 Cross Green Lane has been sold off on a long leasehold and is therefore not included in the sale.
The property lies within a predominantly residential area, approximately four miles east of Leeds City Centre. Cross Green Lane leads directly to Halton town centre in one direction and towards Crossgates in the other, ideal for both the commercial and residential aspect of the property. All necessary amenities and services can be found nearby including shops, transport links and plenty of popular bars and eateries. There are a selection of sports and leisure facilities nearby and plenty of outdoor spaces, including Primrose Valley Park.
Internally, the property remains in good condition throughout, well maintained by the tenants in situ.
These sales details are awaiting vendor approval.
The tenancy agreement is not provided in the legal pack (this has been requested) and therefore we cannot confirm the rental figure given in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
See Legal Pack. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
