Summary - 20 AUSTHORPE ROAD LEEDS LS15 8DX
1 bed 1 bath Retail Property (out of town)
**Standout Features:**
- Two-story brick-built retail shop unit.
- Located on Austhorpe Road, within a vibrant neighborhood shopping area.
- Ground floor let to British Heart Foundation until March 2028 at £21,250/year.
- Attached self-contained flat with kitchen, sitting room, bathroom, and two bedrooms (currently vacant).
- Offers in the region of £375,000.
**Key Considerations:**
- High local crime rate.
- 5 years remaining on the lease; potential mortgage lending concerns.
- Moderate energy efficiency rating (D) may lead to higher running costs.
This well-positioned two-storey retail property on Austhorpe Road in Crossgates, Leeds, offers an exciting investment opportunity in a bustling shopping district just 5 miles east of Leeds City Centre. The property boasts a robust brick exterior with large display windows, ensuring visibility and foot traffic that is vital for any retail business. Currently occupied by the British Heart Foundation, the ground floor provides a steady annual income, while the vacant self-contained flat adds significant rental potential or owner-occupier appeal.
With the property’s excellent commercial location, surrounded by numerous established local and national businesses—from Costa Coffee to Betfred—this could be a fantastic chance for investors looking to tap into a thriving market. However, it’s worth noting the high crime rate in the area and the remaining lease term that might pose challenges for mortgage financing. Priced at offers around £375,000, this property presents an excellent opportunity for those seeking to expand their portfolio in a vibrant community with promising future growth. Don’t miss out on this unique chance!
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