Predominantly let to Stonegate Pub Company Limited – trading as The Slug & Lettuce
Lease expires December 2033 (no breaks)
Approximately 346.95 sq m (3,735 sq ft)
Upper parts let on a long lease
Other nearby bars and restaurants include JD Wetherspoon, Gino D’Acampo Italian, Jamie’s Italian, Gaucho, Gusto and The Alchemist Bar
Adjacent to the University of Law
First time on the market for nearly 20 years
Lot 28
Auction 4th April 2019
Rent £120,100 per Annum Exclusive
Status Sold
Price £1,350,000
Sector Public House
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles south of Harrogate
44 miles north-east of Manchester
Roads
A58(M), A64(M), A643, M621 (J2)
Rail
Leeds Train Station
Air
Leeds Bradford Airport
Situation
The property is located within the prime banking and leisure quarter of the city centre, fronting the eastern side of Park Row. The property is surrounded by a number of pubs, bars and restaurants including JD Wetherspoon, Gino D’Acampo Italian, Jamie’s Italian, Gaucho, Gusto and The Alchemist Bar.
Tenure
Freehold.
Location
Miles
16 miles south of Harrogate
44 miles north-east of Manchester
Roads
A58(M), A64(M), A643, M621 (J2)
Rail
Leeds Train Station
Air
Leeds Bradford Airport
Situation
The property is located within the prime banking and leisure quarter of the city centre, fronting the eastern side of Park Row. The property is surrounded by a number of pubs, bars and restaurants including JD Wetherspoon, Gino D’Acampo Italian, Jamie’s Italian, Gaucho, Gusto and The Alchemist Bar.
Tenure
Freehold.
Description
The property comprises a substantial ground floor bar/restaurant with ancillary accommodation at basement level. The upper floors, which are residential, are let on a long lease.
VAT
VAT is applicable to this lot.
EPC
Band C
Description
The property comprises a substantial ground floor bar/restaurant with ancillary accommodation at basement level. The upper floors, which are residential, are let on a long lease.
VAT
VAT is applicable to this lot.
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Part Basement
Restaurant/Bar Ancillary
285.74 sq m 61.21 sq m
(3,076 sq ft) (659 sq ft)
STONEGATE PUB COMPANY LIMITED (1) t/a The Slug & Lettuce
20 years from 25/12/2013 until 24/12/2033
£120,000
25/12/2018 and 5 yearly thereafter (2)
Part Basement, Part Ground, First/Eighth Floors
Residential
-
(-)
K W LINFOOT PLC
999 years from 30/10/1998 until 29/10/2997
£100
Total Commercial Area
346.95 sq m
(3,735 sq ft)
£120,100
(1) Stonegate Pub Company operates over 690 pubs and bars across the UK with an extensive range of formats including Slug & Lettuce, Walkabout, Classic Inns, The Common Room and Town Pub & Kitchen (Source: www.stonegatepubs.com). (2) The December 2018 Rent Review is outstanding.
