2 - 6 St Chad's Road and 5, 7 and 9 and Car Parking at Weetwood Lane Headingley,Leeds West Yorkshire LS16 5JL

  • 2 - 6 St Chad's Road and 5, 7 and 9 and Car Parking at Weetwood Lane<br>Headingley,Leeds<br>West Yorkshire<br>LS16 5JL

2 - 6 St Chad's Road and 5, 7 and 9 and Car Parking at Weetwood Lane
Headingley,Leeds
West Yorkshire
LS16 5JL

Freehold Restaurant Investment

  • First time on the market for about 45 years
  • Let to BR Fish and Chips Limited (t/a The Fisherman’s Wife)
  • New 12 year lease from October 2015 (No breaks)
  • 3 yearly rent reviews to the greater of OMV or RPI
  • Future development potential (subject to lease and consents)
  • Separate car park opposite restaurant included
  • Popular and Affluent Leeds Suburb
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    34
  • Auction
    8th December 2016
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £775,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Restaurant Investment

  • First time on the market for about 45 years
  • Let to BR Fish and Chips Limited (t/a The Fisherman’s Wife)
  • New 12 year lease from October 2015 (No breaks)
  • 3 yearly rent reviews to the greater of OMV or RPI
  • Future development potential (subject to lease and consents)
  • Separate car park opposite restaurant included
  • Popular and Affluent Leeds Suburb
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 34
  • Auction 8th December 2016
  • Rent £50,000 per Annum Exclusive
  • Status Sold
  • Price £775,000
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
3 miles north-west of Leeds City Centre,12 miles south-west of Harrogate, 22 miles south-west of York
Roads
A660, A6120
Rail
Headingley Railway Station
Air
Leeds/Bradford Airport
Situation

The property is situated at the junction of St Chad's Road and Weetwood Lane, which connects with Otley Road (A660). Headingley is an attractive and affluent suburb of Leeds and is home to Yorkshire County Cricket Club and Leeds Rhinos Rugby League Club who are both located less than one mile away. Leeds Beckett University (Headingley Campus) is located approximately 0.5 miles to the west.

Tenure

Freehold.

Location
Miles
3 miles north-west of Leeds City Centre,12 miles south-west of Harrogate, 22 miles south-west of York
Roads
A660, A6120
Rail
Headingley Railway Station
Air
Leeds/Bradford Airport
Situation

The property is situated at the junction of St Chad's Road and Weetwood Lane, which connects with Otley Road (A660). Headingley is an attractive and affluent suburb of Leeds and is home to Yorkshire County Cricket Club and Leeds Rhinos Rugby League Club who are both located less than one mile away. Leeds Beckett University (Headingley Campus) is located approximately 0.5 miles to the west.

Tenure

Freehold.

Description

The property comprises a ground floor restaurant with ancillary accommodation at basement and first floors. The property also benefits from a separate customer car park on Weetwood Lane with parking for over 20 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor restaurant with ancillary accommodation at basement and first floors. The property also benefits from a separate customer car park on Weetwood Lane with parking for over 20 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reviews
Ground
Basement
First
Car Park		 Restaurant/Ancillary
Ancillary
Offices/Staff/Ancillary
Car Park
353.80 sq m
39.81 sq m
104.34 sq m
-
(3,808 sq ft)
(429 sq ft)
(1,123 sq ft)
(-)
 BR FISH AND CHIPS
LIMITED (1) (t/a The
Fisherman's Wife)		 12 years from 05/10/2015
until 04/10/2027 on a full
repairing and insuring lease		 £50,000 05/10/2018 (2)
05/10/2021 (2)
05/10/2024 (2)
Totals  
497.95 sq m
(5,360 sq ft)
     £50,000  

(1) The Fisherman's Wife is a seafood takeaway chain of restaurants, with over 50 years experience, with outlets also located in Whitby, Leeds, Bishopthorpe, York and Seacroft (Source: www.thefishermanswife.co.uk 01/11/2016).
(2) The rent is reviewed to the greater of OMV or RPI.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Ratio Law LLP 23 Hornbeam Square South, Hornbeam Park
Harrogate
HG2 8NB
Nick Trowell 01423 507886nick.trowell@ratiolaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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