The Yard, 16 High Street Yeadon, Leeds West Yorkshire LS19 7PP

The Yard, 16 High Street
Yeadon, Leeds
West Yorkshire
LS19 7PP

Substantial Reversionary Public House Investment

Let to Physicalstar Limited t/a The Yard until 2031 (no breaks)
Approximately 732.60 sq m (7,886 sq ft) – Rent £5.07 psf
Tenant recently undertaken a refurbishment programme
Given 4/5 Review by the Yorkshire Evening Post, For Yorkshire Evening Post Review, click here
Prominent central high street position
Nearby occupiers include Morrisons Supermarket, Vision Express, Coral, Greggs, Santander and Halifax Banks, Leeds, Skipton and Yorkshire Building Society, the Public Library and the Post Office.
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
20
Auction
16th February 2017
Rent
£40,000 per Annum Exclusive
Status
Sold
Price
£405,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Substantial Reversionary Public House Investment

Let to Physicalstar Limited t/a The Yard until 2031 (no breaks)
Approximately 732.60 sq m (7,886 sq ft) – Rent £5.07 psf
Tenant recently undertaken a refurbishment programme
Given 4/5 Review by the Yorkshire Evening Post, For Yorkshire Evening Post Review, click here
Prominent central high street position
Nearby occupiers include Morrisons Supermarket, Vision Express, Coral, Greggs, Santander and Halifax Banks, Leeds, Skipton and Yorkshire Building Society, the Public Library and the Post Office.
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 20
Auction 16th February 2017
Rent £40,000 per Annum Exclusive
Status Sold
Price £405,000
Sector
Public House
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 8 miles north-west of Leeds City Centre, 8 miles south-east of Ilkley, 12 miles south-west of Harrogate
Roads: A658, A660, M1, A1(M)
Rail: Guiseley Rail Station
Air: Leeds Bradford Airport

Situation

Yeadon is a popular Leeds commuter town located approximately 8 miles north-west of the City Centre. The property is prominently situated on the south side of the High Street close to Morrisons Supermarket in the heart of the town centre. Other nearby occupiers include Vision Express, Greggs and branches of Santander and Halifax Banks.

Tenure

Freehold. The passageway to the rear of the property is held on a 99 year lease from 24th June 1972 at a rent of £25 per annum.

Location

Miles: 8 miles north-west of Leeds City Centre, 8 miles south-east of Ilkley, 12 miles south-west of Harrogate
Roads: A658, A660, M1, A1(M)
Rail: Guiseley Rail Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold. The passageway to the rear of the property is held on a 99 year lease from 24th June 1972 at a rent of £25 per annum.

Description

The property comprises an attractive public house arranged over ground, mezzanine and first floors. The property has undergone a programme of refurbishment within the last 12 months and provides an open plan bar and central seating area together with a wood-fired pizza oven to attract families. Stairs lead to a balcony mezzanine level which provides a more private seating area and customer WCs. The first floor comprises a catering kitchen, office and store rooms. Part of the first floor which the tenant is not currently using comprises a former cinema room. This area could be converted to residential subject to the usual consents. The property also benefits from an outside seating area to the rear.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Mezzanine/First	Public House/ Ancillary Public House/ Ancillary	373.40 sq m 359.20 sq m	(4,019 sq ft) (3,867 sqft)	PHYSICALSTAR LIMITED (1) (t/a The Yard)	25 years from 27/12/2006 until 26/12/2031 on a full repairing and insuring lease	£40,000	23/12/2016 23/12/2021 23/12/2026
Total		732.60 sq m	(7,886 sq ft)			£40,000

(1) Physicalstar Limited was incorporated on 21st May 2014 and is ultimately owned by BurningNight Limited. The BurningNight Group operates 13 venues throughout the UK and for the year ending 31st July 2015 reported a turnover of £16,405,995, pre-tax profits of £91,877 and a total net worth of £2,083,657 (Source: Experian Group 16/01/2017).
NB. The seller holds a £24,084.65 rent deposit.