Freehold Retail Investment
Freehold Retail Investment
Harehills is a busy residential suburb of Leeds benefiting from excellent communication links to Leeds city centre via the A64. The property is situated on the east side of Harehills Lane at its junction with Coldcotes Avenue.
Freehold.
Harehills is a busy residential suburb of Leeds benefiting from excellent communication links to Leeds city centre via the A64. The property is situated on the east side of Harehills Lane at its junction with Coldcotes Avenue.
Freehold.
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
172.89 sq m 234.39 sq m |
(1,861 sq ft) (2,523 sq ft) |
MARTIN MCCOLL LIMITED (1) |
20 years from 23/03/2013 until 2033 on a full repairing and insuring lease (2) |
£25,000 |
23/03/2018 and 5 yearly (fixed rental increases at 2% per annum compounded) |
| Totals | 407.28 sq m |
(4,384 sq ft) |
£25,000 | ||||
1) For the year ending 31/03/2012, Martin McColl Ltd reported a turnover of £380,485,000, pre-tax profits of £ 18,068,000 and a total net worth of £100,676000.(Source: www.riskdisk.com 13/06/2013)
(2) The lease provides for 5 yearly rent reviews with fixed rental increases at 2% per annum compounded.
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