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Status Withdrawn Post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
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.
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.
