Member Article

£10,000 toilet site headlines new Yorkshire investment opportunities

A property auction day at Leeds’ Elland Road later this month is to include the opportunity to purchase a £10k toilet site from Leeds City Council.

The former public toilet on Wesley Street in Morley, on the outskirts of Leeds, is being offered for sale on October 24 at an auction which also includes the sales of a former community centre, a six-acre site including derelict buildings near Otley and a tenanted retail investment in the Whingate area of Leeds.

The auction is being staged by the Yorkshire firm of chartered surveyors, Eddisons, and will see 109 lots in Leeds, London and Manchester sold off during a three-day sale.

The toilet site is a single storey building available for purchase at a guide price of £10,000 plus, offered on the instructions of Leeds City Council.

The Council is also looking to dispose of other surplus stock around Leeds, including the former Farfield Community Centre, near Pudsey.

The vacant detached building on Farfield Avenue, close to the Owlcotes Shopping Centre, also includes a three bedroom flat and has a guide price of £140,000 plus.

A smallholding at the side of Otley Chevin is among a range of land opportunities included in the auction catalogue. The six-acre site, which contains derelict buildings, a static mobile home and stables is guided at £100,000 plus.

Commercial stock includes a tenanted retail investment in the Whingate area of Leeds, let to One Stop Stores, a subsidiary of Tesco Plc, which produces income of £30,000 per annum. The guide price is £400,000.

An adjacent garage and four bedroom apartment, which the auctioneer states is currently producing an income of £15,600 per annum, is guided at £150,000 plus.

Elsewhere, a part-completed residential development site in Barnsley is being offered on the instructions of the Joint LPA Receivers at a guide of £375,000.

The superstructure at the junction of John Street and Burleigh Street has been completed and the scheme comprises 66 one-bedroom flats, and 20, two bedroom flats. 10,000 sq ft of retail and leisure space is planned for the ground floor.

Tony Webber, director at Eddisons, said: “Our bumper catalogue for this event includes a wide range of buying opportunities from vendors including local authorities, utility companies, joint LPA receivers, banks, administrators, property companies and private individuals.”

This was posted in Bdaily's Members' News section by Mark Lane .