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
    10/Dec/2020
  • Rent
    £229,950 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,400,000+
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Vassalli House<br>12-34 Central Road<br>Leeds<br>West Yorkshire<br>LS1 6DE
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* More information on the term "price" can be found here

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.

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.

Tenancy & Accommodation

 FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
12-16Ground
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-
18Ground
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-
22Ground
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)
£54,70009/05/2022
28Ground
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)
£23,50022/01/2022
30Ground
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)
£24,00006/02/2024
32-34Ground
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)
£50,00026/04/2023
 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.11.20
    File Size
    74 MB
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  • Site Plan
    Updated Date
    20.11.20
    File Size
    938 KB
    View PDF
  • Catalogue Page
    Updated Date
    20.11.20
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 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
Associate Auctioneers
Fox Lloyd Jones 34 St Paul's Street
Leeds
Yorkshire
LS1 2QB
Nick Salkeld 01132 431 133nick.salkeld@fljltd.co.uk
Seller's Solicitors
Knights Plc 10 Wellington Place
Leeds
West Yorkshire
LS1 4AP
Edwina Hewson 0113 207 0187edwina.hewson@knightsplc.com

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