Prominent roadside location fronting the A647 and opposite Central West Retail Park
Tenants include DISC and BARCA-Leeds
Recently refurbished flexible suites ranging from 51.19 sq m (551 sq ft) to 147.71 sq m (1,590 sq ft)
Approximate site area of 0.38 hectares (0.9 acres) with on-site car parking for some 68 cars
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 33
Auction 11th February 2016
Rent £37,486 per Annum Exclusive
Status Sold
Price £460,000
Sector Office
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of Buccleuch Property
Property Information
Location
Miles
2 miles north-west of Leeds town centre, 7 miles east of Bradford, 38 miles north-east of Manchester
Roads
A647, A643, M6 (Junction 2)
Rail
Burley Park
Air
Leeds Bradford Airport
Situation
The property is located 2 miles north-west of Leeds city centre, occupying a prominent roadside location fronting the A647, the main arterial route into Leeds. Centre West Retail Park is directly opposite and houses occupiers including Tesco, Wilkinsons and Barnardo’s.
Tenure
Freehold.
Location
Miles
2 miles north-west of Leeds town centre, 7 miles east of Bradford, 38 miles north-east of Manchester
Roads
A647, A643, M6 (Junction 2)
Rail
Burley Park
Air
Leeds Bradford Airport
Situation
The property is located 2 miles north-west of Leeds city centre, occupying a prominent roadside location fronting the A647, the main arterial route into Leeds. Centre West Retail Park is directly opposite and houses occupiers including Tesco, Wilkinsons and Barnardo’s.
Tenure
Freehold.
Description
The property comprises a Grade II listed former school recently refurbished into 22 office suites arranged over ground and first floor. The suites range from 51.19 sq m (551 sq ft) to 147.71 sq m (1,590 sq ft). The property has an approximate site area of 0.38 hectares (0.9 acres) and benefits from on-site car parking for some 68 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a Grade II listed former school recently refurbished into 22 office suites arranged over ground and first floor. The suites range from 51.19 sq m (551 sq ft) to 147.71 sq m (1,590 sq ft). The property has an approximate site area of 0.38 hectares (0.9 acres) and benefits from on-site car parking for some 68 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Suite
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
2,3 & 8
Office
255.75 sq m
(2,753 sq ft)
BARCA LEEDS (1)
5 years from 15/05/2015
£10,256
14/05/2020 (2)
Ground
9
Office
61.50 sq m
(662 sq ft)
INDIVIDUAL (t/a First Choice Couriers)
5 years from 01/12/2008
£4,000
30/11/2013 (3)
Ground First
1,6,10,11 & 12 19,20 & 22
Office Office
416.38 sq m 163.04 sq m
(4,482 sq ft) (1,755 sq ft)
VACANT POSSESSION (4)
First
14
Office
61.69 sq m
(667 sq ft)
INDIVIDUAL (t/a Morthern Accounting Services)
3 years from 01/04/2009
£3,000
31/03/2012 (3)
First
4,5,6,7,13,15,16, 17, 18a & 18b
Office
651.52 sq m
(7,013 sq ft)
DISC (5)
8 years from 21/05/2015 (6)
£14,980
20/05/2023
First
21
Office
50.16 sq m
(540 sq ft)
INDIVIDUALS
18 months from 01/07/2003
£2,800
30/04/2006 (3)
Storage
50.82 sq m
(547 sq ft)
INDIVIDUAL
N/A
N/A
N/A
Advertising Board
Not Measured
J C DECAUX LIMITED
10 years from 20/08/2008
£1,700
19/08/2018
Storage
Not Measured
V J STORAGE LTD
3 years from 01/04/2009
£750
31/03/2012 (3)
Totals
1,710.86 sq m
(18,419 sq ft)
£37,486
(1) Barca-Leeds is a multi-purpose charity providing specialist services to help people overcome a broad range of issues. (Source: barca-leeds.org.uk 07/01/2016) (2) The lease provides a rolling annual tenant break option on the anniversary of the term. Each time a break option is not exercised, the tenant will benefit from a rent free period of one month. (3) The tenant is holding over. (4) Suite 12 (approx 649 sq ft) is currently under offer to DISC, co-terminus with their current lease at a rent of £2,596 p.a. with 12 months rent free. (5) DISC —Developing Initiative for Support in the Community is a registered UK charity (No 515755). (Source: disc-vol.org.uk 07/01/2016) (6) The lease provides an option to break on the fifth, sixth, and seventh anniversary of the term. If the break is not exercised on the fifth anniversary, the tenant will benefit from a 4 month rent free period.
Contacts
Seller's Solicitors
Womble Bond Dickinson LLP St Annes Wharf, 112 Quayside, Newcastle-upon-Tyne NE1 3DX
