Let to MLI No.1 Propco Ltd and Al-Murad Management Ltd
Industrial buildings with a total footprint of approximately 65,000 sq. ft. (6,038.69 sq. m.) upon the site
Prominent Roadside location
Lot 42
Auction 7th November 2024
Rent £4,000 per Annum Exclusive
Status Sold
Price £310,000
Sector Ground Rent
Auction Venue Live Streamed Auction
On Behalf of a Cambridge College
Property Information
Location
Miles
1.7 miles east of Leeds City Centre
Roads
A64 (M), A58
Rail
Leeds Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated on the north side of Torre Road with a frontage also to Lupton Avenue. The property is situated adjacent to the A64 (York Road) and 1.7 miles east of Leeds City Centre. The immediate vicinity comprises light industrial and high density residential area.
Tenure
Freehold.
Location
Miles
1.7 miles east of Leeds City Centre
Roads
A64 (M), A58
Rail
Leeds Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated on the north side of Torre Road with a frontage also to Lupton Avenue. The property is situated adjacent to the A64 (York Road) and 1.7 miles east of Leeds City Centre. The immediate vicinity comprises light industrial and high density residential area.
Tenure
Freehold.
Description
The property comprises a site of approximately 1.50 Ha (3.70 Acres) upon which sits a collection of industrial buildings with a footprint totalling approximately 65,000 sq. ft.
VAT
VAT is applicable to this lot.
Note
Postal Address: Eagle Industrial Estate, Torre Road, Leeds
Apollo Trade Centre, Lupton Avenue, Leeds
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a site of approximately 1.50 Ha (3.70 Acres) upon which sits a collection of industrial buildings with a footprint totalling approximately 65,000 sq. ft.
VAT
VAT is applicable to this lot.
Note
Postal Address: Eagle Industrial Estate, Torre Road, Leeds
Apollo Trade Centre, Lupton Avenue, Leeds
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Tenant
Term
Rent p.a.x.
Review
Reversion
Site 1
MLI NO. 1 PROPCO LIMITED
125 years from 25/02/1999
£4,000
21/01/2025 and 5 yearly thereafter (1)
24/02/2124
Site 2
AL-MURAD MANAGEMENT LIMITED
125 years from 25/01/1991
Peppercorn
-
24/01/2116
(1) RPI Linked Rent Reviews.
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.
