Directly opposite the Central Arcade Shopping Centre and close to The Corn Exchange, Leeds Kirkgate Market and Trinity Shopping Centre
Neighbouring occupiers include River Island, Five Guys, JD Sports, Nandos, Marks & Spencer, Wagamama and Burger King
Lot 22
Auction 13th February 2025
Rent £32,000 per Annum
Status Sold Prior
Price
Sector Retail, High Street Retail
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 of Central Road. The Central Arcade Shopping Centre is located directly opposite the property and the Corn Exchange, Leeds Kirkgate Market and Trinity Shopping Centre are all within a close proximity. Neighbouring occupiers include River Island, Five Guys, JD Sports, Nandos, Marks and Spencer, Wagamama and Burger King.
Tenure
Virtual Freehold. Held for a term of 999 years from 26th July 2024 at a fixed peppercorn rent.
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 of Central Road. The Central Arcade Shopping Centre is located directly opposite the property and the Corn Exchange, Leeds Kirkgate Market and Trinity Shopping Centre are all within a close proximity. Neighbouring occupiers include River Island, Five Guys, JD Sports, Nandos, Marks and Spencer, Wagamama and Burger King.
Tenure
Virtual Freehold. Held for a term of 999 years from 26th July 2024 at a fixed peppercorn rent.
Description
The property comprises a ground floor shop benefitting a significant return frontage and retail/ancillary accommodation at the basement floor and forms part of a larger building.
VAT
VAT is applicable to this lot.
EPC
Band C
Description
The property comprises a ground floor shop benefitting a significant return frontage and retail/ancillary accommodation at the basement floor and forms part of a larger building.
VAT
VAT is applicable to this lot.
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement
Retail Retail/Ancillary
93.06 112.21
(1,002) (1,207)
INDIVIDUAL t/a Out of This World
10 years from 1st January 2025 until 31st December 2034 (1)
£32,000
5 yearly
Total Approximate Floor Area
205.27
(2,209) (2)
£32,000
(1) The lease is excluded from the Security of Tenure provisions of the Landlord and Tenant Act 1954 (2) The floor areas stated above those 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.
