Vassalli House 12-34 Central Road Leeds West Yorkshire LS1 6DE

Vassalli House
12-34 Central Road
Leeds
West Yorkshire
LS1 6DE

High Yielding Freehold Retail Parade Investment in Leeds City Centre

Fully Occupied Retail Parade let to six long standing independent traders and a national charity shop
Located parallel to Briggate between Corn Exchange and The Victoria Quarter in the heart of Leeds City Centre
Landmark Grade II Listed Building
Rare Opportunity to purchase High Yielding Investment in Leeds City Centre

Lot
6
Auction
10th December 2020
Rent
£229,950 per Annum Exclusive
Status
Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Important Update

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

High Yielding Freehold Retail Parade Investment in Leeds City Centre

Fully Occupied Retail Parade let to six long standing independent traders and a national charity shop
Located parallel to Briggate between Corn Exchange and The Victoria Quarter in the heart of Leeds City Centre
Landmark Grade II Listed Building
Rare Opportunity to purchase High Yielding Investment in Leeds City Centre

Lot 6
Auction 10th December 2020
Rent £229,950 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 15 miles south of Harrogate; 26 miles south-west of York
Roads: M1, M62, M621
Rail: Leeds
Air: Leeds Bradford Airport

Situation

The property is located in a central pedestrianised City Centre location on the east side of Central Road, close to its junction with Kirkgate and parallel with Briggate. The property faces Market Street Arcade and is close to Trinity Mall Shopping Centre, Corn Exchange and The Victoria Quarter.

Tenure

Freehold.

Location

Miles: 15 miles south of Harrogate; 26 miles south-west of York
Roads: M1, M62, M621
Rail: Leeds
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises nine units (arranged as seven shops) on the ground and basement floors, forming part only of a Grade II Listed former warehouse building. The upper floors comprise residential flats let on a long lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
12-16	Ground Basement	Retail Retail/Ancillary	62.40 sq m 49.14 sq m	(693 sq ft) (529 sq ft)	VINTAGE CLOTHING COMPANY LIMITED (t/a Pop Boutique)	10 years from 23/05/2008 (holding over)	£35,000	-
18	Ground Basement	Retail Ancillary	46.40 sq m 40.70 sq m	(499 sq ft) (438 sq ft)	GOLDTHORPE TRADING LIMITED (t/a Mrs Atha’s Coffee Shop)	Approximately 14 years from 09/07/2018 until 24/07/2022	£20,000	-
22	Ground Mezzanine	Retail Ancillary	50.40 sq m 16.70 sq m	(543 sq ft) (180 sq ft)	J MIDGLEY (t/a Alter 8)	5 years from 16/06/2016 until 15/06/2021	£22,750	-
24-26 22-26	Ground/ Mezzanine Basement	Retail Retail/Ancillary	97.80 sq m 139.94 sq m	(1,053 sq ft) (1,506 sq ft)	S P & H WONG (t/a Little Tokyo)	10 years from 09/05/2017 until 08/05/2027 (1)	£54,700	09/05/2022
28	Ground Basement	Retail Ancillary	46.70 sq m 47.90 sq m	(503 sq ft) (516 sq ft)	PEOPLES DISPENSARY FOR SICK ANIMALS	10 years from 22/01/2017 until 21/01/2027 (2)	£23,500	22/01/2022
30	Ground Basement	Retail/Ancillary Ancillary	43.40 sq m 44.00 sq m	(467 sq ft) (474 sq ft)	LITTLE LEEDS LIMITED (t/a Little Leeds Beerhouse)	10 years from 06/02/2019 until 05/02/2029 (3)	£24,000	06/02/2024
32-34	Ground Basement	Retail Ancillary	124.59 sq m 115.30 sq m	(1,341 sq ft) (1,241 sq ft)	TRAVELLING MAN LIMITED with a personal guarantee (t/a Travelling Man)	10 years from 26/04/2018 until 25/04/2028 (4)	£50,000	26/04/2023
	Storage Cubicles	Ancillary	-	(-)	S P & H WONG (t/a Little Tokyo)	10 years from 09/05/2017 with rolling break options on three months notice	-
Part Ground, First/ Third		Residential	-	(-)	TCS (VASSALLI) LIMITED	150 years from 01/01/2001	Peppercorn
Total			925.37 sq m	(9,983 sq ft)			£229,950

(1) The lease is subject to a tenant option to determine on 09/05/2022.
(2) The lease is subject to a tenant option to determine on 22/01/2022.
(3) The lease is subject to a tenant option to determine on 06/02/2024.
(4) The lease is subject to a tenant option to determine on 26/04/2023.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.