Retail Property (high street)
Units 1 and 2, 5 Stainbeck Lane, Chapel Allerton , Leeds , West Yorkshire LS7 3PJ
£695,000
9 July 2025
GUIDE PRICE
AUCTION DATE
This Grade II listed freehold premises comprises two separate restaurant premises (both including ground floor and basement accommodation) generating a combined rental income of £71,000 + VAT per annum. Unit 1 is let on a five year lease from December 2022 to Mythos Greek Limited for £45,000 per annum with Unit 2 let on a 10 year lease from October 2022 to Zuppi Limited (T/A The Cats Pyjamas) for £26,000 per annum. The remainer of the property has previously been converted into 6 apartments, all sold off on 999 year leases many years ago. The property occupies a prominent location in the heart of Chapel Allerton, one of Leeds most popular suburbs and is just two miles to the North of the city centre. Interested parties should be aware that VAT will be payable on the purchase price. Please note: a 6 week completion applies to this lot. Kitchen & WCs Restaurant areas, kitchen & WCs Leeds City Council Unit 1 = D Unit 2 = B Freehold In addition to the deposit
2, 5 Stainbeck Ln, LS7 3PJ
Guide Price
£695,000
Auction Date
9 Jul 2025
Time
12:00
Lot
20
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.