30 Austhorpe Road Cross Gates Leeds LS15 8DX

30 Austhorpe Road
Cross Gates
Leeds
LS15 8DX

Well Located Virtual Freehold Retail Investment

Trading as Costa Coffee
At the entrance to the busy Crossgates Shopping Centre
Located 4 miles east of Leeds City Centre
Close to Junction 46 of the M1 motorway
Neighbouring occupiers include Iceland, Greggs, Poundland, Wilko, Lloyds Bank and Holland & Barrett

Lot
23
Auction
24th September 2021
Rent
£32,000 per Annum Exclusive
Status
Sold
Price
£359,000
Auction Venue
Live Streamed Auction
On Behalf of a Major Investment Manager

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Well Located Virtual Freehold Retail Investment

Trading as Costa Coffee
At the entrance to the busy Crossgates Shopping Centre
Located 4 miles east of Leeds City Centre
Close to Junction 46 of the M1 motorway
Neighbouring occupiers include Iceland, Greggs, Poundland, Wilko, Lloyds Bank and Holland & Barrett

Lot 23
Auction 24th September 2021
Rent £32,000 per Annum Exclusive
Status Sold
Price £359,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of a Major Investment Manager

Property Information

Location

Miles: 4 miles east of Leeds City Centre; 16 miles south of Harrogate; 19 miles south-west of York
Roads: M1, M62, M621
Rail: Cross Gates Railway Station
Air: Leeds Bradford Airport

Situation

Cross Gates is a popular suburb located 4 miles east of Leeds City Centre. The property is prominently located on the south side of the busy Austhorpe Road, approximately 700 metres from Cross Gates Railway Station. The property is at the entrance to the Cross Gates Shopping Centre, which includes occupiers such as Iceland, Greggs, Poundland, Wilko, Lloyds Bank and Holland & Barrett. Crossgates Shopping Centre also benefits from car parking for over 300 cars.

Tenure

Long Leasehold. 999 years from completion of the sale at a peppercorn rent.

Location

Miles: 4 miles east of Leeds City Centre; 16 miles south of Harrogate; 19 miles south-west of York
Roads: M1, M62, M621
Rail: Cross Gates Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Long Leasehold. 999 years from completion of the sale at a peppercorn rent.

Description

The property benefits from frontages to Austhorpe Road and the shopping centre and comprises ground floor retail accommodation and first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

C. See legal pack at www.acuitus.co.uk.

Description

The property benefits from frontages to Austhorpe Road and the shopping centre and comprises ground floor retail accommodation and first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

C. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First	Retail/Ancillary Ancillary	109.50 sq m 20.20 sq m	(1,179 sq ft) (217 sq ft)	TAMP 'N' SWIRL LIMITED t/a Costa Coffee (1)	10 years from 10/12/2014 until 09/12/2024	£32,000
Total		129.70 sq m	(1,396 sq ft)			£32,000

(1) Costa Coffee was established in 1971 and now operates from over 3,800 shops across the UK and globally
(source: www.costa.co.uk 25/08/2021).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.