75 Pendas Way 183 SF Retail Condo Unit Offered at $115,136 in Leeds LS15 8HU

The accommodation is arranged over ground and first floors and currently operates as a hair and beauty salon. The ground floor provides an open sales and treatment area behind a prominent shop frontage, while the first floor comprises additional treatment or office accommodation together with a kitchen and WC facilities. The layout is suitable for a range of Class E occupiers, subject to any necessary consents.

Freehold retail investment opportunity comprising a self-contained shop unit within an established neighbourhood parade on Pendas Way, approximately 0.75 miles from Cross Gates District Centre and railway station. The property is currently occupied by a well-established hair and beauty salon and is offered subject to the existing tenancy.

The premises comprise a ground floor retail/sales area with additional first floor accommodation providing treatment/office space, kitchen and WC facilities, extending to approximately 385 sq ft (35.82 sq m). Constructed in brick beneath a recently replaced roof, the property benefits from an attractive shop frontage and plentiful off-street parking serving the parade.

The property is let to an established tenant on a 6-year lease from 1 March 2024 at a passing rent of £6,950 per annum. The lease incorporates a rent review and tenant break option on 28 February 2027.

The property is available freehold subject to the existing tenancy at a quoting price of £85,000, reflecting a gross yield of approximately 8.18%. The property is not elected for VAT.