Freehold Retail Investment and Development Opportunity
Shop let to William Hill until September 2038 (subject to option in 2033)
Includes vacant upper floors (previously used as residential)
Busy location on Kirkstall Road (A65) directly opposite Cardigan Fields
Nearby occupiers include VUE Cinema, McDonalds, Hollywood Bowl, Five Guys Aldi, KFC, Pizza Hut and German Doner Kebab
VAT free investment
Lot 41
Auction 15th May 2025
Rent £8,000 per Annum Exclusive Plus vacant upper parts
Status Sold Prior
Price
Sector High Street Retail, Residential, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1.5 miles north west of Leeds City Centre
Roads
M621, A58, A65,
Rail
Burley Park Railway Station, Leeds Railway Station
Air
Leeds/Bradford Airport
Situation
The property is located on the north side of Kirkstall Road (A65), a busy arterial route into Leeds City Centre. The property is situated sime 1.5 miles from Leeds City Centre in a popular retailing pitch, directly opposite Cardigan Fields, with occupiers including VUE Cinema, McDonalds, Hollywood Bowl, Five Guys Aldi, KFC, Pizza Hut and German Doner Kebab.
Tenure
Freehold.
Location
Miles
1.5 miles north west of Leeds City Centre
Roads
M621, A58, A65,
Rail
Burley Park Railway Station, Leeds Railway Station
Air
Leeds/Bradford Airport
Situation
The property is located on the north side of Kirkstall Road (A65), a busy arterial route into Leeds City Centre. The property is situated sime 1.5 miles from Leeds City Centre in a popular retailing pitch, directly opposite Cardigan Fields, with occupiers including VUE Cinema, McDonalds, Hollywood Bowl, Five Guys Aldi, KFC, Pizza Hut and German Doner Kebab.
Tenure
Freehold.
Description
The property comprises a ground floor shop together with vacant upper floors, previously used as residential.
The ground floor shop intercommunicates with 370 Kirkstall Road, also occupied by William Hill, which does not form part of the sale.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop together with vacant upper floors, previously used as residential.
The ground floor shop intercommunicates with 370 Kirkstall Road, also occupied by William Hill, which does not form part of the sale.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Gross Floor Areas Approx sq m
Gross Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Retail
46.05
(495)
WILLIAM HILL (NORTH EASTERN) LTD (1)
15 years from 29/09/2023 until 29/09/2038 (2)
£8,000
29/09/2028 29/09/2033
First
Residential
47.59
(512)
VACANT
Second
Residential
41.06
(441)
VACANT
Total Approximate Floor Area
134.70
(1,448)
£8,000
(1) William Hill is wholly owned by Evoke PLC. William Hill currently operate from over 1,300 locations across the UK (www.evokeplc.com). (2) The lease provides a tenant option to determine on 29/09/2033.
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.
