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
    04/Apr/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
  • The Slug & Lettuce<br>14 Park Row<br>Leeds<br>West Yorkshire<br>LS1 5HU
  • Expand
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
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
£120,00025/12/2018
and 5 yearly
thereafter (2)
Part Basement,
Part Ground,
First/Eighth
Floors
Residential
-
(-)
K W LINFOOT PLC999 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.

Property Documents

  • Site Plan
    Updated Date
    11.04.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    11.04.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 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
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Jury O'Shea LLP Hanging Sword House, 21 Whitefriars Street
London
EC4Y 8JJ
James O'Shea 0203 176 4255james.oshea@juryoshea.com

Useful Links

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