The Yard, 16 High Street Yeadon, Leeds West Yorkshire LS19 7PP
The Yard, 16 High Street Yeadon, Leeds West Yorkshire LS19 7PP
Substantial Reversionary Public House Investment
Let to Physicalstar Limited t/a The Yard until 2031 (no breaks)
Approximately 732.60 sq m (7,886 sq ft) – Rent £5.07 psf
Tenant recently undertaken a refurbishment programme
Given 4/5 Review by the Yorkshire Evening Post, For Yorkshire Evening Post Review, click here
Prominent central high street position
Nearby occupiers include Morrisons Supermarket, Vision Express, Coral, Greggs, Santander and Halifax Banks, Leeds, Skipton and Yorkshire Building Society, the Public Library and the Post Office.
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 20
Auction 16th February 2017
Rent £40,000 per Annum Exclusive
Status Sold
Price £405,000
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Let to Physicalstar Limited t/a The Yard until 2031 (no breaks)
Approximately 732.60 sq m (7,886 sq ft) – Rent £5.07 psf
Tenant recently undertaken a refurbishment programme
Given 4/5 Review by the Yorkshire Evening Post, For Yorkshire Evening Post Review, click here
Prominent central high street position
Nearby occupiers include Morrisons Supermarket, Vision Express, Coral, Greggs, Santander and Halifax Banks, Leeds, Skipton and Yorkshire Building Society, the Public Library and the Post Office.
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 20
Auction 16th February 2017
Rent £40,000 per Annum Exclusive
Status Sold
Price £405,000
Sector Public House
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
8 miles north-west of Leeds City Centre, 8 miles south-east of Ilkley, 12 miles south-west of Harrogate
Roads
A658, A660, M1, A1(M)
Rail
Guiseley Rail Station
Air
Leeds Bradford Airport
Situation
Yeadon is a popular Leeds commuter town located approximately 8 miles north-west of the City Centre. The property is prominently situated on the south side of the High Street close to Morrisons Supermarket in the heart of the town centre. Other nearby occupiers include Vision Express, Greggs and branches of Santander and Halifax Banks.
Tenure
Freehold. The passageway to the rear of the property is held on a 99 year lease from 24th June 1972 at a rent of £25 per annum.
Location
Miles
8 miles north-west of Leeds City Centre, 8 miles south-east of Ilkley, 12 miles south-west of Harrogate
Roads
A658, A660, M1, A1(M)
Rail
Guiseley Rail Station
Air
Leeds Bradford Airport
Situation
Yeadon is a popular Leeds commuter town located approximately 8 miles north-west of the City Centre. The property is prominently situated on the south side of the High Street close to Morrisons Supermarket in the heart of the town centre. Other nearby occupiers include Vision Express, Greggs and branches of Santander and Halifax Banks.
Tenure
Freehold. The passageway to the rear of the property is held on a 99 year lease from 24th June 1972 at a rent of £25 per annum.
Description
The property comprises an attractive public house arranged over ground, mezzanine and first floors. The property has undergone a programme of refurbishment within the last 12 months and provides an open plan bar and central seating area together with a wood-fired pizza oven to attract families. Stairs lead to a balcony mezzanine level which provides a more private seating area and customer WCs. The first floor comprises a catering kitchen, office and store rooms. Part of the first floor which the tenant is not currently using comprises a former cinema room. This area could be converted to residential subject to the usual consents. The property also benefits from an outside seating area to the rear.
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 an attractive public house arranged over ground, mezzanine and first floors. The property has undergone a programme of refurbishment within the last 12 months and provides an open plan bar and central seating area together with a wood-fired pizza oven to attract families. Stairs lead to a balcony mezzanine level which provides a more private seating area and customer WCs. The first floor comprises a catering kitchen, office and store rooms. Part of the first floor which the tenant is not currently using comprises a former cinema room. This area could be converted to residential subject to the usual consents. The property also benefits from an outside seating area to the rear.
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
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Mezzanine/First
Public House/ Ancillary Public House/ Ancillary
373.40 sq m
359.20 sq m
(4,019 sq ft)
(3,867 sqft)
PHYSICALSTAR LIMITED (1) (t/a The Yard)
25 years from 27/12/2006 until 26/12/2031 on a full repairing and insuring lease
£40,000
23/12/2016 23/12/2021 23/12/2026
Total
732.60 sq m
(7,886 sq ft)
£40,000
(1) Physicalstar Limited was incorporated on 21st May 2014 and is ultimately owned by BurningNight Limited. The BurningNight Group operates 13 venues throughout the UK and for the year ending 31st July 2015 reported a turnover of £16,405,995, pre-tax profits of £91,877 and a total net worth of £2,083,657 (Source: Experian Group 16/01/2017). NB. The seller holds a £24,084.65 rent deposit.
Contacts
Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St Paul's Churchyard London EC4M 8AL
