7 yearly rent reviews to Open Market Ground Rental Value (next due in 2025)
Site Area of approx. 0.19 Ha (0.47 Acres)
Workshop building of 358.22 sq. m. (3,855 sq. ft.) upon the site
Prominent roadside location
Lot 25
Auction 7th November 2024
Rent £11,904 per Annum Exclusive
Status Available
Guide* £225,000
Sector Ground Rent
Auction Venue Live Streamed Auction
On Behalf of a Cambridge College
Property Information
Location
Miles
3.5 miles west of Leeds City Centre
Roads
A647 (ring road)
Rail
Bramley Railway Station, Leeds Railway Station
Air
Leeds Bradford Airport
Situation
The property is located 3.5 miles west of Leeds City Centre, on the north side of Elder Road, with a prominent frontage onto Swinmow Road and Stanningley Road and benefits from being some 100 metres from Bramley Railway Station. The immediate vicinity comprises light industrial and high density residential area.
Tenure
Freehold.
Location
Miles
3.5 miles west of Leeds City Centre
Roads
A647 (ring road)
Rail
Bramley Railway Station, Leeds Railway Station
Air
Leeds Bradford Airport
Situation
The property is located 3.5 miles west of Leeds City Centre, on the north side of Elder Road, with a prominent frontage onto Swinmow Road and Stanningley Road and benefits from being some 100 metres from Bramley Railway Station. The immediate vicinity comprises light industrial and high density residential area.
Tenure
Freehold.
Description
The property comprises a site of approximately 0.19 Ha (0.47 Acres) upon which sits a single storey workshop/car showroom of approximately 358.22 sq. m. (3,855 sq. ft.) (1)
VAT
VAT is applicable to this lot.
Note
Postal Address: 487 Stanningley Road, Leeds
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a site of approximately 0.19 Ha (0.47 Acres) upon which sits a single storey workshop/car showroom of approximately 358.22 sq. m. (3,855 sq. ft.) (1)
VAT
VAT is applicable to this lot.
Note
Postal Address: 487 Stanningley Road, Leeds
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Site Area Approx. Ha
Site Area Approx. Acres
Tenant
Term
Rent p.a.x.
Review
Reversion
0.19
(0.47)
K J SHORTIS LTD
125 years from 25/04/1990
£11,904
24/04/2025 and 7 yearly therafter
24/04/2115
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
