285 DEWSBURY ROAD
The property comprises the ground floor and basement of a mid-terraced unit, estimated to be about 120 years old. The property is of traditional construction with walls built in brick under a blue slated pitched roof. The property fronts onto the street and there is a small yard to the rear.
The property occupies a main road position on Dewsbury Road, about 2 miles from Leeds City Centre. The property occupies a main road retail frontage. Close to the junction of Dewsbury Road and Garnet Road. Nearby occupiers comprise a variety of small, local, private traders. There are densely populated streets of housing behind the retail frontages.
The property benefits from mains water, drainage and electric. No test of the services has been made. Purchasers should rely on their own investigations.
The property has been used as a Pharmacy for some time. The property is in retail use. Purchaser should rely on their own enquiries with regards to change of use with the local authority.
The current tenants are seeking to assign the balance of their lease which expires on 31sth December 2037. The lease commenced on 1st January 2023 and is at a current annual rent of £8,500 p.a. The permitted use is a pharmacy. There is provision for review of the rent in January 2028 and January 2023. The lease is held on effective full repairing and insuring terms.
The tenant will be responsible for a share of the landlords’ legal costs and the current tenants’ legal costs in respect of the assignment.
Our client advises that VAT is chargeable on this transaction. Your legal advisors should verify.