Collection of 15 Car Parking Spaces Manor Mills, Ingram Street Leeds West Yorkshire LS11 9BN

Collection of 15 Car Parking Spaces
Manor Mills, Ingram Street
Leeds
West Yorkshire
LS11 9BN

High Yielding Car Park Investment

15 car parking spaces in secure underground car park beneath residential block
Each space let to the block management company on a renewed licence from February 2023
Car park spaces managed and leased by same block management company for 10 years
Strategic City Centre location close to large occupiers including Asda, Jet2, Ernst & Young and Hitachi Capital
VAT free investment

Lot
39
Auction
30th March 2023
Rent
£36,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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High Yielding Car Park Investment

15 car parking spaces in secure underground car park beneath residential block
Each space let to the block management company on a renewed licence from February 2023
Car park spaces managed and leased by same block management company for 10 years
Strategic City Centre location close to large occupiers including Asda, Jet2, Ernst & Young and Hitachi Capital
VAT free investment

Lot 39
Auction 30th March 2023
Rent £36,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Car Park
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 26 miles south-west of York, 34 miles north of Sheffield, 44 miles north-east of Manchester
Roads: A61. A63, A653, M1, M621
Rail: Leeds Train Station
Air: Leeds Bradford Airport

Situation

Leeds is a popular City in West Yorkshire with a population of approximately 800,000. The property is surrounded by other high rise residential apartment blocks and enjoys excellent communications being close to the A61 and M621.

The property is situated on the north side of Ingram Street, a short walk from Leeds City Centre and 0.3 miles south of Trinity Leeds where retailers include Tesco, Apple, Levi's, River Island, Superdry, H&M, Decathlon, Wagamama, TGI Friday's and McDonald's. Many large businesses are close to the property including Asda, Jet2, Ernst & Young and Hitachi Capital.

Tenure

Virtual Freehold. Each car parking space is held on a 999 year lease less 3 days from 01/01/2006 from Manor Mills Residential Management Group Limited, each at a peppercorn rent.

Location

Miles: 26 miles south-west of York, 34 miles north of Sheffield, 44 miles north-east of Manchester
Roads: A61. A63, A653, M1, M621
Rail: Leeds Train Station
Air: Leeds Bradford Airport

Situation

Tenure

Virtual Freehold. Each car parking space is held on a 999 year lease less 3 days from 01/01/2006 from Manor Mills Residential Management Group Limited, each at a peppercorn rent.

Description

The portfolio consists of 15 spaces within a secure underground carpark containing 99 spaces which serve the 277 apartments within the building.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Description

The portfolio consists of 15 spaces within a secure underground carpark containing 99 spaces which serve the 277 apartments within the building.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accommodation

Floor	Use	Tenant	Term	Rent p.a.x.
Lower Ground	15 Car Parking Spaces	MANOR MILLS RESIDENTIAL MANAGEMENT COMPANY LIMITED c/o LIV Group (1)	15 licences each held for a term of 2 years from 16/02/2023 to 15/02/2025 each at £200 pcm (£2,400 pax)	£36,000
Total				£36,000

(1) LIV is a leading residential block management company, delivering services nationwide (www.liv-group.co.uk). LIV sublet each space to various occupiers.

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.