84-86 Gelderd Road Leeds West Yorkshire LS12 6HD

84-86 Gelderd Road
Leeds
West Yorkshire
LS12 6HD

Prominent Freehold Roadside Site

Majority sub-let to Enterprise Rent-a-Car UK Limited with 8 years unexpired
Prominent arterial road location 2 miles south-west of Leeds city centre
Advertising hoarding let to Clear Channel on a 5 year lease from 25/09/2009
Mixed industrial and commercial area with nearby occupiers including Big Yellow, Toyota/Lexus, City Electrical Factors and Arco
Six Week Completion

Lot
15
Auction
17th October 2013
Rent
£32,495 per Annum Exclusive
Status
Sold
Price
£375,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP
On the Instructions of Joint LPA Receivers Zolfo Cooper

Important Update Interested?

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Prominent Freehold Roadside Site

Majority sub-let to Enterprise Rent-a-Car UK Limited with 8 years unexpired
Prominent arterial road location 2 miles south-west of Leeds city centre
Advertising hoarding let to Clear Channel on a 5 year lease from 25/09/2009
Mixed industrial and commercial area with nearby occupiers including Big Yellow, Toyota/Lexus, City Electrical Factors and Arco
Six Week Completion

Lot 15
Auction 17th October 2013
Rent £32,495 per Annum Exclusive
Status Sold
Price £375,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP
On the Instructions of Joint LPA Receivers Zolfo Cooper

Property Information

Location

Miles: 2 miles south-west of Leeds city centre; 195 miles north of London
Roads: A58, M621 (Junction 1)
Rail: Leeds
Air: Leeds Bradford Airport

Situation

The property is situated in a prominent roadside location on the northern side of Gelderd Road (A58) with additional frontage to Whitehall Road and Copley Hill.

Tenure

Freehold.

Location

Miles: 2 miles south-west of Leeds city centre; 195 miles north of London
Roads: A58, M621 (Junction 1)
Rail: Leeds
Air: Leeds Bradford Airport

Situation

The property is situated in a prominent roadside location on the northern side of Gelderd Road (A58) with additional frontage to Whitehall Road and Copley Hill.

Tenure

Freehold.

Description

The property comprises a plot of land of approximately 0.145 Hectares (0.358 Acres) upon which Enterprise Rent-a-car have constructed a single storey office and hand car wash facility with 32 car parking spaces. The frontage to Whitehall Road has 3 x 48 sheet advertising hoardings operated by Clear Channel.

Note
This property is being marketed for sale on behalf of CP Holder, KJ Coates and AC O’Keefe as Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Review/(Reversion)
Site	0.18 Hectares	(0.44 Acres)	OK DINER LTD (1) (sub-let to Enterprise Rent-a-Car UK Ltd) (2)	25 years from 14/10/1996 until 13/10/2021	£28,895	14/10/2016
Advertising Hoarding			CLEAR CHANNEL UK LTD (3)	5 years from 25/09/2009	£3,600	(24/09/2014)
Totals	0.18 Hectares	0.44 Acres			£32,495

(1) The lease to OK Diner Ltd is guaranteed by City Centre Restaurants plc (now vested in The Restaurant Group plc). For the year ending 30th December 2012, The Restaurant Group plc reported a turnover of £532,541,000, pre-tax profits of £64,561,000 and a total net worth of £157,415,000. (Source: www.riskdisk.com 18/09/2013)
(2) For the year ending 31st July 2012, Enterprise Rent-a-Car UK Ltd reported a turnover of £398,317,731, pre-tax profits of £13,819,253 and a total net worth of £141,455,022. (Source: www.riskdisk.com 13/09/2013)
(3) For the year ending 31st December 2011, Clear Channel UK Ltd reported a turnover of £134,336,000, pre-tax profits of £5,800,000 and a total net worth of £77,287,000. (Source: www.riskdisk.com 18/09/2013)