Tesco Express 102 Burley Road Leeds West Yorkshire LS3 1JP

Tesco Express
102 Burley Road
Leeds
West Yorkshire
LS3 1JP

Freehold Convenience Store Investment

Let to Tesco Stores Limited
Let until 2032 (subject to tenant break options)
Five-yearly RPI linked rental uplifts (subject to a minimum 1% and maximum 4%)
Includes on-site car parking
Prominent location opposite ITV Leeds Television Studios
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
26
Auction
25th May 2017
Rent
£50,199 per Annum Exclusive
Status
Sold
Price
£700,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Trustees of a Major Pension Fund

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Freehold Convenience Store Investment

Let to Tesco Stores Limited
Let until 2032 (subject to tenant break options)
Five-yearly RPI linked rental uplifts (subject to a minimum 1% and maximum 4%)
Includes on-site car parking
Prominent location opposite ITV Leeds Television Studios
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 26
Auction 25th May 2017
Rent £50,199 per Annum Exclusive
Status Sold
Price £700,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Trustees of a Major Pension Fund

Property Information

Location

Miles: 1 mile north-west of Leeds City Centre
Roads: A58, A61, A58(M)
Rail: Burley Park Railway Station, Leeds Railway Station
Air: Leeds/Bradford International Airport

Situation

The property is situated in a prominent corner position on the north side of Burley Road at its junction with Westfield Terrace, one mile from Leeds City Centre. The property is situated opposite ITV Leeds television studios in a mixed commercial and residential area.

Tenure

Freehold.

Location

Miles: 1 mile north-west of Leeds City Centre
Roads: A58, A61, A58(M)
Rail: Burley Park Railway Station, Leeds Railway Station
Air: Leeds/Bradford International Airport

Situation

Tenure

Freehold.

Description

The property, an attractive end of terrace building, comprises a ground floor convenience store with ancillary accommodation on the first floor. The property benefits from on-site car parking for approximately six cars.

VAT

VAT is 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

VAT

VAT is 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	Review/(Reversion)
Ground First	Convenience Store Ancillary	297.74 sq m 180.69 sq m	(3,205 sq ft) (1,945 sq ft)	TESCO STORES LIMITED (1)	20 years from 13/01/2012 (2) on a full repairing and insuring lease	£50,199	13/01/2022 & 13/01/2027 (3) (12/01/2032)
Totals		478.43 sq m	(5,150 sq ft)			£50,199

(1) Tesco has over 3,500 stores and over 310,000 employees throughout the UK (Source: www.tescoplc.com 28/04/2017).
(2) The lease is subject to tenant options to determine on 12th January 2022 and 12th January 2027.
(3) The rent reviews are five yearly and linked to the Retail Price Index to a minimum of 1% and a maximum of 4% per annum compounded.