The Former Burley Park Centre, Cardigan Lane, Burley, Leeds, West Yorkshire LS4 2LE

Description

The property comprises the former Burley Park Centre, the site of a now-vacant former educational facility extending to approximately 0.48 hectares (1.18 acres). The property sits within the Burley Village Conservation Area and occupies a prominent position on the west side of Cardigan Lane, within the established residential suburb of Burley, approximately 1.6 miles (2.6 km) north-west of Leeds City Centre. The site is occupied by a range of predominantly single-storey buildings that have an approximate floor area of 1,000 m² and has remained vacant since May 2016. The buildings have been subject to significant vandalism and are unable to be viewed internally; purchasers are required to undertake their own investigations.

Accommodation

Predominantly single-storey buildings with an approximate floor area of 1,000 m²; site area approximately 0.48 hectares (1.18 acres).

Location

The property is located on Cardigan Lane in Burley, Leeds, within the Burley Village Conservation Area. The surrounding area is predominantly residential, with local amenities and public transport links readily available. Burley Park Train Station is under 0.25 miles (0.6 km) away, and the site adjoins Burley St Matthias C of E Primary School to the south.

Tenure / Property Information

Investment Analysis

The £500,000+ guide is broadly in line with the supplied £500,000 sale of Burley Hall in 2022 and below the £550,000 sale of 57 Cardigan Lane in 2016. However, those transactions are described only as “Other” and are not sufficiently comparable to this vacant former educational facility occupying approximately 1.18 acres with approximately 1,000 m² of buildings. The property has been vacant since May 2016, has suffered significant vandalism and cannot be viewed internally. No reliable GDV, refurbishment cost, rental evidence or development appraisal can therefore be established from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment or flip basis without internal access or comprehensive surveys, planning advice and a full development appraisal. Any progression should be conditional on confirming condition, lawful use, conservation-area implications, total costs and an evidence-supported end value.

Works Required

Obtain full building, structural and condition surveys and investigate the extent of vandalism before specifying works. Any repair, clearance, security, refurbishment, conversion or redevelopment scope should be based on those investigations, planning advice and the property's conservation-area status.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the evidence. Purchase cost above the £500,000 guide, buyer premium, unknown works, post-works value, achievable rent and refinancing terms are not sufficiently supported. The 1.8% buyer premium would be £9,000 at exactly £500,000, before any other costs, but the eventual purchase price is unknown.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is a vacant commercial former educational facility rather than an evidenced ready-to-let residential investment, and internal condition is unknown.

Flip Analysis

A flip appraisal cannot be calculated because no supported GDV, refurbishment allowance or selling-cost allowance is available. The supplied comparables are limited and not sufficiently comparable to establish a resale value for this site and building mix.

Investor Risks & Due Diligence

• The buildings have suffered significant vandalism and cannot be viewed internally.

• The property has been vacant since May 2016.

• The site is within the Burley Village Conservation Area, requiring planning and conservation-area implications to be checked.

• The supplied sales are not sufficiently comparable to support a reliable valuation.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Additional fees may be listed in the Special Conditions of Sale.

• The final purchase price is unknown because the property is offered at £500,000+.

• The property adjoins Burley St Matthias C of E Primary School, which should be considered in due diligence and any future proposals.

Recommendation

Do not bid on an investment or flip basis without internal access or comprehensive surveys, planning advice and a full development appraisal. Any progression should be conditional on confirming condition, lawful use, conservation-area implications, total costs and an evidence-supported end value.

Strategy Rating

Analysis Confidence

The evidence provides location, site and floor-area information plus limited nearby sales, but internal access is unavailable and there is no rental evidence, GDV, works budget, planning information, tenure detail or complete cost schedule.