The Slug & Lettuce 14 Park Row Leeds West Yorkshire LS1 5HU

The Slug & Lettuce
14 Park Row
Leeds
West Yorkshire
LS1 5HU

Freehold City Centre Public House Investment

Predominantly let to Stonegate Pub Company Limited – trading as The Slug & Lettuce
Lease expires December 2033 (no breaks)
Approximately 346.95 sq m (3,735 sq ft)
Upper parts let on a long lease
Other nearby bars and restaurants include JD Wetherspoon, Gino D’Acampo Italian, Jamie’s Italian, Gaucho, Gusto and The Alchemist Bar
Adjacent to the University of Law
First time on the market for nearly 20 years

Lot
28
Auction
4th April 2019
Rent
£120,100 per Annum Exclusive
Status
Sold
Price
£1,350,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold City Centre Public House Investment

Predominantly let to Stonegate Pub Company Limited – trading as The Slug & Lettuce
Lease expires December 2033 (no breaks)
Approximately 346.95 sq m (3,735 sq ft)
Upper parts let on a long lease
Other nearby bars and restaurants include JD Wetherspoon, Gino D’Acampo Italian, Jamie’s Italian, Gaucho, Gusto and The Alchemist Bar
Adjacent to the University of Law
First time on the market for nearly 20 years

Lot 28
Auction 4th April 2019
Rent £120,100 per Annum Exclusive
Status Sold
Price £1,350,000
Sector
Public House
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 16 miles south of Harrogate; 44 miles north-east of Manchester
Roads: A58(M), A64(M), A643, M621 (J2)
Rail: Leeds Train Station
Air: Leeds Bradford Airport

Situation

The property is located within the prime banking and leisure quarter of the city centre, fronting the eastern side of Park Row. The property is surrounded by a number of pubs, bars and restaurants including JD Wetherspoon, Gino D’Acampo Italian, Jamie’s Italian, Gaucho, Gusto and The Alchemist Bar.

Tenure

Freehold.

Location

Miles: 16 miles south of Harrogate; 44 miles north-east of Manchester
Roads: A58(M), A64(M), A643, M621 (J2)
Rail: Leeds Train Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial ground floor bar/restaurant with ancillary accommodation at basement level. The upper floors, which are residential, are let on a long lease.

VAT

VAT is applicable to this lot.

EPC

Band C

Description

The property comprises a substantial ground floor bar/restaurant with ancillary accommodation at basement level. The upper floors, which are residential, are let on a long lease.

VAT

VAT is applicable to this lot.

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Part Basement	Restaurant/Bar Ancillary	285.74 sq m 61.21 sq m	(3,076 sq ft) (659 sq ft)	STONEGATE PUB COMPANY LIMITED (1) t/a The Slug & Lettuce	20 years from 25/12/2013 until 24/12/2033	£120,000	25/12/2018 and 5 yearly thereafter (2)
Part Basement, Part Ground, First/Eighth Floors	Residential	-	(-)	K W LINFOOT PLC	999 years from 30/10/1998 until 29/10/2997	£100
Total Commercial Area		346.95 sq m	(3,735 sq ft)			£120,100

(1) Stonegate Pub Company operates over 690 pubs and bars across the UK with an extensive range of formats including Slug & Lettuce, Walkabout, Classic Inns, The Common Room and Town Pub & Kitchen (Source: www.stonegatepubs.com).
(2) The December 2018 Rent Review is outstanding.