Property with rental income on sale in Leeds
It sounds too good to be true: earning money every month without having to do very much at all.
But a property has gone on the market in Yeadon in Leeds, which – in theory – could allow the new owners to do just that.
The High Street property incorporates a downstairs bakers’ selling freshly baked items, confectionary and sandwiches, while the rest of the building is a three-bedroom home.
The bakery business has just been taken over by new owners, so it means that whoever takes over the property will start recovering some of their investment right away in rental income.
In addition, income from the three-bedroom home included in the sale means the new property owner has the chance to earn a healthy return on their investment straight away.
The property that’s for sale is at 111 High Street, Yeadon, in a prime location beside a main road and less than 10 minutes’ drive away from Leeds Bradford Airport.
As well as being a substantial, well-built property, the building has been at the centre of Yeadon life for well over a century: it dates back to the 1830s and was originally a weavers’ cottage before becoming a family bakery in the early 1900s.
It is being sold by current owner Alastair Maughan, who is retiring after owning the building for 40 years.
He said: “It’s a great property and because the bakery has now been taken over by new owners, whoever buys it will have the lease income to look forward to.”
The sale is being handled by business specialists Ernest Wilson, who have helped thousands of people take over and sell businesses across Leeds, Yorkshire and beyond since 1956.
An Ernest Wilson spokesperson said: “The property will return £18,000 per annum on a new lease with rent reviews every three years on a full repairing and insuring basis.
“This property represents a good return on capital invested. It’s worth viewing early because this is a property that will sell fast.”
Ernest Wilson’s experts can guide buyers through taking over the property, so they can quickly begin earning money on their investment.
The business experts have dozens of thriving businesses on their books, many of which can offer new owners almost instant returns. Visit www.ernest-wilson.co.uk to find out more.