20 New Market Street Leeds West Yorkshire LS1 6DG

  • 20 New Market Street<br>Leeds<br>West Yorkshire<br>LS1 6DG

20 New Market Street
Leeds
West Yorkshire
LS1 6DG

Freehold City Centre Consented Office to Residential Conversion Opportunity

  • Substantial Four Storey Office Building
  • Prior Approval Granted for Change of Use from Offices to 12 Apartments
  • Upper Floors Approx. 549.37 sq m (5,914 sq ft)
  • Prime City Centre Shopping Quarter Location
  • Directly Opposite The Corn Exchange and Nearby Leeds Kirkgate Market, Central Arcade Shopping Centre and Trinity Shopping Centre
  • Neighbouring Occupiers Include Zara, Five Guys, JD Sports, Marks and Spencer, Wagamama and Superdrug
  • Lot
    22
  • Auction
    9th July 2024
  • Vacant Possession
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Freehold City Centre Consented Office to Residential Conversion Opportunity

  • Substantial Four Storey Office Building
  • Prior Approval Granted for Change of Use from Offices to 12 Apartments
  • Upper Floors Approx. 549.37 sq m (5,914 sq ft)
  • Prime City Centre Shopping Quarter Location
  • Directly Opposite The Corn Exchange and Nearby Leeds Kirkgate Market, Central Arcade Shopping Centre and Trinity Shopping Centre
  • Neighbouring Occupiers Include Zara, Five Guys, JD Sports, Marks and Spencer, Wagamama and Superdrug
  • Lot 22
  • Auction 9th July 2024
  • Vacant Possession
  • Status Sold Prior
  • Price  
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
15 miles south Harrogate, 26 miles south-west of York, 44 miles north-east of Manchester
Roads
M621, M1, A1(M), A64
Rail
Leeds Railway Station
Air
Leeds Bradford Airport
Situation

Leeds is the third largest City in the UK, with a resident population of over 750,000. The City boasts excellent communication links being within close proximity of the A61, M62 and M1. Leeds is the third busiest railway station outside of London with over 31 million passengers per annum.

The property is prominently situated in Leeds City Centre's shopping quarter, on the corner at the junction of New Market Street and Central Road, directly opposite the Corn Exchange. Leeds Kirkgate Market, Central Arcade Shopping Centre and Trinity Shopping Centre are all within close proximity to the property, with neighbouring occupiers including Zara, Five Guys, JD Sports, Marks and Spencer, Wagamama and Superdrug.

Tenure

Freehold.

Location
Miles
15 miles south Harrogate, 26 miles south-west of York, 44 miles north-east of Manchester
Roads
M621, M1, A1(M), A64
Rail
Leeds Railway Station
Air
Leeds Bradford Airport
Situation

Leeds is the third largest City in the UK, with a resident population of over 750,000. The City boasts excellent communication links being within close proximity of the A61, M62 and M1. Leeds is the third busiest railway station outside of London with over 31 million passengers per annum.

The property is prominently situated in Leeds City Centre's shopping quarter, on the corner at the junction of New Market Street and Central Road, directly opposite the Corn Exchange. Leeds Kirkgate Market, Central Arcade Shopping Centre and Trinity Shopping Centre are all within close proximity to the property, with neighbouring occupiers including Zara, Five Guys, JD Sports, Marks and Spencer, Wagamama and Superdrug.

Tenure

Freehold.

Description

The substantial property comprises retail accommodation on the ground and basement floors with separately accessed office accommodation on the upper three floors with an additional storage area in the basement. The ground and part of the basement floors have been sold off on a long lease.

VAT

VAT is applicable to this lot.

Planning

Prior approval has been granted by Leeds City Council on 21/10/2022 under planning ref 22/06033/DPD for the change of use from office to 12 apartments.

Completion Period

Six Week Completion

EPC

Shop: C, Offices: D

Description

The substantial property comprises retail accommodation on the ground and basement floors with separately accessed office accommodation on the upper three floors with an additional storage area in the basement. The ground and part of the basement floors have been sold off on a long lease.

VAT

VAT is applicable to this lot.

Planning

Prior approval has been granted by Leeds City Council on 21/10/2022 under planning ref 22/06033/DPD for the change of use from office to 12 apartments.

Completion Period

Six Week Completion

EPC

Shop: C, Offices: D

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m (1)		 Floor Areas
Approx sq ft (1)		 Tenant Term Rent p.a.x.
20A New Market Street Basement
First
Second
Third		 Offices (prior approval to convert to 12 flats)
9.35
73.96
237.98
228.08
(101)
(796)
(2,562)
(2,455)
 VACANT POSSESSION (2) -
-
10 Central Road Ground
Basement		 Retail
Retail
93.06
112.21
(1,002)
(1,208)
 STONEHOUSE COMMERCIAL PROPERTIES LTD 999 years from completion
Peppercorn
20 New Market Street Ground
Basement		 Retail
Retail
121.27
47.22
(1,305)
(508)
 STONEHOUSE COMMERCIAL PROPERTIES LTD 999 years from completion
Peppercorn
Total Approximate Floor Area    
923.13
(9,937)
    
-

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(2) Prior approval has been granted by Leeds City Council on 21/10/2022 under planning ref 22/06033/DPD for the change of use from office to 12 apartments.

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.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
The Progeny Group 1A Tower Square
Leeds
West Yorkshire
LS1 4DL
Stacey Edwards 07584 044 632stacey.edwards@theprogenygroup.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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