44a Selby Road Wykebeck Leeds West Yorkshire LS9 0JH

  • 44a Selby Road<br>Wykebeck<br>Leeds<br>West Yorkshire<br>LS9 0JH

44a Selby Road
Wykebeck
Leeds
West Yorkshire
LS9 0JH

Freehold Convenience Store Investment

  • Let to Martin McColl Limited
  • 16.5 year lease from May 2018 (no breaks)
  • 2% per annum fixed rental uplifts compounded throughout term
  • Rent increases to £45,495 pa in November 2024 and £50,230 pa in November 2029
  • Recently re-fitted large store – approximately 9,743 sq ft
  • Predominantly residential location 3 miles east of Leeds city centre
  • Lot
    42
  • Auction
    18th October 2018
  • Rent
    £41,206 per Annum Exclusive
  • Status
    Sold
  • Price
    £687,500
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Convenience Store Investment

  • Let to Martin McColl Limited
  • 16.5 year lease from May 2018 (no breaks)
  • 2% per annum fixed rental uplifts compounded throughout term
  • Rent increases to £45,495 pa in November 2024 and £50,230 pa in November 2029
  • Recently re-fitted large store – approximately 9,743 sq ft
  • Predominantly residential location 3 miles east of Leeds city centre
  • Lot 42
  • Auction 18th October 2018
  • Rent £41,206 per Annum Exclusive
  • Status Sold
  • Price £687,500
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
3 miles east of Leeds city centre
11 miles east of Bradford
Roads
A61, A63, A64, M1
Rail
Cross Gates Railway Station
Air
Leeds/Bradford Airport
Situation

Wykebeck is a predominantly residential suburb of Leeds some three miles east of Leeds city centre. The property occupies a prominent position fronting Selby Road, with a number of independent retailers being located close by.

Tenure

Freehold.

Location
Miles
3 miles east of Leeds city centre
11 miles east of Bradford
Roads
A61, A63, A64, M1
Rail
Cross Gates Railway Station
Air
Leeds/Bradford Airport
Situation

Wykebeck is a predominantly residential suburb of Leeds some three miles east of Leeds city centre. The property occupies a prominent position fronting Selby Road, with a number of independent retailers being located close by.

Tenure

Freehold.

Description

The property comprises a recently refitted ground floor convenience store with ancillary accommodation on the first floor (void).

VAT

VAT is applicable to this lot.

EPC

C

Description

The property comprises a recently refitted ground floor convenience store with ancillary accommodation on the first floor (void).

VAT

VAT is applicable to this lot.

EPC

C

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
Ground
First		 Retail
Ancillary
Void
275.36 sq m
263.10 sq m
366.69 sq m
(2,964 sq ft)
(2,832 sq ft)
(3,947 sq ft)
 MARTIN McCOLL
LIMITED (1)		 16.5 years from
18/05/2018 until
17/11/2032 on a full
repairing and
insuring lease		 £41,206 (2)
rising to
£45,495 in
November 2024
rising to
£50,230 in
November 2029		 November
2019 and 5
yearly
thereafter.
2% per annum
fixed rental
uplifts
compounded
throughout the
term
Total
905.15 sq m
(9,743 sq ft)
     £41,206 (2)  

(1) McColl’s trade from over 1,600 stores throughout the UK. For the year ending 27th November 2016, Martin McColl Limited reported a turnover of £518,736,000, pre-tax profits of £25,631,000 and a total net worth of £111,606,000 (Source: www.mccolls.co.uk and Experian Group 10/08/2018).
(2) The current rent passing is £40,000 per annum. The vendor has agreed to adjust the completion monies so that the property will effectively produce £41,206 per annum from completion of the sale until the first rent review in November 2019.

Property Documents

  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    803 KB
    View PDF
  • Site Plan
    Updated Date
    28.10.19
    File Size
    809 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
Associate Auctioneers
Savoy Stewart Atlantic House, 351 Oxford Street
London
W1C 2JF
Michael Braier 020 7495 3666mb@savoystewart.co.uk
Seller's Solicitors
Northern & Midland Holdings Sutherland House, 70/78 West Hendon Broadway
London
NW9 7BT
Stephen Goldberg 0208 457 3250stephen@nmholdings.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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