Tesco Express 102 Burley Road Leeds West Yorkshire LS3 1JP

Tesco Express
102 Burley Road
Leeds
West Yorkshire
LS3 1JP

Freehold Convenience Store Investment

  • Let to Tesco Stores Limited
  • Let until 2032 (subject to tenant break options)
  • Five-yearly RPI linked rental uplifts (subject to a minimum 1% and maximum 4%)
  • Includes on-site car parking
  • Prominent location opposite ITV Leeds Television Studios
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    26
  • Auction
    25th May 2017
  • Rent
    £50,199 per Annum Exclusive
  • Status
    Sold
  • Price
    £700,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees of a Major Pension Fund
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Convenience Store Investment

  • Let to Tesco Stores Limited
  • Let until 2032 (subject to tenant break options)
  • Five-yearly RPI linked rental uplifts (subject to a minimum 1% and maximum 4%)
  • Includes on-site car parking
  • Prominent location opposite ITV Leeds Television Studios
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 26
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £700,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees of a Major Pension Fund

Property Information

Location
Miles
1 mile north-west of Leeds City Centre
Roads
A58, A61, A58(M)
Rail
Burley Park Railway Station, Leeds Railway Station
Air
Leeds/Bradford International Airport
Situation

The property is situated in a prominent corner position on the north side of Burley Road at its junction with Westfield Terrace, one mile from Leeds City Centre. The property is situated opposite ITV Leeds television studios in a mixed commercial and residential area.

Tenure

Freehold.

Location
Miles
1 mile north-west of Leeds City Centre
Roads
A58, A61, A58(M)
Rail
Burley Park Railway Station, Leeds Railway Station
Air
Leeds/Bradford International Airport
Situation

The property is situated in a prominent corner position on the north side of Burley Road at its junction with Westfield Terrace, one mile from Leeds City Centre. The property is situated opposite ITV Leeds television studios in a mixed commercial and residential area.

Tenure

Freehold.

Description

The property, an attractive end of terrace building, comprises a ground floor convenience store with ancillary accommodation on the first floor. The property benefits from on-site car parking for approximately six cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property, an attractive end of terrace building, comprises a ground floor convenience store with ancillary accommodation on the first floor. The property benefits from on-site car parking for approximately six cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)

Tenant Term Rent p.a.x Review/(Reversion)
Ground
First

Convenience Store Ancillary
297.74 sq m
180.69 sq m
(3,205 sq ft) (1,945 sq ft)
TESCO STORES
LIMITED (1)

20 years from
13/01/2012 (2)
on a full
repairing and
insuring lease
£50,199
13/01/2022 &
13/01/2027 (3)
(12/01/2032)
Totals  
478.43 sq m
(5,150 sq ft)
    £50,199
 

(1) Tesco has over 3,500 stores and over 310,000 employees throughout the UK (Source: www.tescoplc.com 28/04/2017).
(2) The lease is subject to tenant options to determine on 12th January 2022 and 12th January 2027.
(3) The rent reviews are five yearly and linked to the Retail Price Index to a minimum of 1% and a maximum of 4% per annum compounded.

Property Documents

  • Site Plan
    Updated Date
    01.11.19
    File Size
    821 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.11.19
    File Size
    922 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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