The premises form part of a small local parade of 5 shops, trading as a Pharmacy with a self-contained 2-bedroom flat, rented on an overidng lease to be sold as an income producing investment.
Location
Garforth a town in West Yorkshire, East of Leeds is a suburban area with a mix of residential neighbourhoods, parks, and local businesses. The community is generally family-oriented, with various amenities such as schools, shops, and health facilities. The area is well-connected by road and rail. Garforth railway station provides services to Leeds, York, and beyond, making it convenient for commuters. The nearby A642 road connects to major routes.
Accommodation
Pharmacy
Retail Area - 596 sq. ft (55.37 m2)
Dispensary & Store - 304 sq. ft (28.25 m2)
WC
Total Area - 900 sq. ft (83.62 m2)
2 Bed Flat
Lounge - 201 sq. ft (18.67 m2)
Kitchen - 93 sq. ft (8.64 m2)
Bedroom - 106 sq. ft (9.85 m2)
Bedroom - 119 sq. ft (11.06 m2)
Bathroom - 35 sq. ft (3.3 m2)
Total GIA - 554 sq. ft (51.47 m2)
Both properties are individually metered, heating is electric.
Single Garage being one of 5 is also included along with the roadway required for access to service the rear of the properties at 1-9 Fairburn Drive, over which there are common cross rights of way.
Terms
Tenant information: The entire property (shop & flat) is rented to Gorgemead Ltd, (a private UK Ltd company with an approximate turnover of £230m) on a FRI lease for a term of 9 years from Sept 2024 with rent reviews each 3rd year at a passing rent of £14,250 pax.
n.b There is a tenant break option in years 3 & 6.
Price: Asking £250,000, subject to contract for the income producing freehold investment.
Legal Costs: Each party to pay for their own legal fees
Anti-Money Laundering: Due to recent changes in the Anti Money Laundering regulation, it is now standard procedure to undertake a Personal and Company and general AML checks, admin cost of £350 + VAT.
Specification
- Rented to ‘Gorgemead Ltd’ t/as Cohens Chemist Ltd
- Excellent Covenant
- Income of £14,250 pax
- Lease for Shop & 2 Bed Flat
- Lease Expires April 2033
- Attractive Investment
- Price £250,000