At the entrance to the busy Crossgates Shopping Centre
Located 4 miles east of Leeds City Centre
Close to Junction 46 of the M1 motorway
Neighbouring occupiers include Iceland, Greggs, Poundland, Wilko, Lloyds Bank and Holland & Barrett
Lot 23
Auction 24th September 2021
Rent £32,000 per Annum Exclusive
Status Sold
Price £359,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a Major Investment Manager
Property Information
Location
Miles
4 miles east of Leeds City Centre
16 miles south of Harrogate
19 miles south-west of York
Roads
M1, M62, M621
Rail
Cross Gates Railway Station
Air
Leeds Bradford Airport
Situation
Cross Gates is a popular suburb located 4 miles east of Leeds City Centre. The property is prominently located on the south side of the busy Austhorpe Road, approximately 700 metres from Cross Gates Railway Station. The property is at the entrance to the Cross Gates Shopping Centre, which includes occupiers such as Iceland, Greggs, Poundland, Wilko, Lloyds Bank and Holland & Barrett. Crossgates Shopping Centre also benefits from car parking for over 300 cars.
Tenure
Long Leasehold. 999 years from completion of the sale at a peppercorn rent.
Location
Miles
4 miles east of Leeds City Centre
16 miles south of Harrogate
19 miles south-west of York
Roads
M1, M62, M621
Rail
Cross Gates Railway Station
Air
Leeds Bradford Airport
Situation
Cross Gates is a popular suburb located 4 miles east of Leeds City Centre. The property is prominently located on the south side of the busy Austhorpe Road, approximately 700 metres from Cross Gates Railway Station. The property is at the entrance to the Cross Gates Shopping Centre, which includes occupiers such as Iceland, Greggs, Poundland, Wilko, Lloyds Bank and Holland & Barrett. Crossgates Shopping Centre also benefits from car parking for over 300 cars.
Tenure
Long Leasehold. 999 years from completion of the sale at a peppercorn rent.
Description
The property benefits from frontages to Austhorpe Road and the shopping centre and comprises ground floor retail accommodation and first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
EPC
C. See legal pack at www.acuitus.co.uk.
Description
The property benefits from frontages to Austhorpe Road and the shopping centre and comprises ground floor retail accommodation and first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
EPC
C. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail/Ancillary Ancillary
109.50 sq m 20.20 sq m
(1,179 sq ft) (217 sq ft)
TAMP 'N' SWIRL LIMITED t/a Costa Coffee (1)
10 years from 10/12/2014 until 09/12/2024
£32,000
Total
129.70 sq m
(1,396 sq ft)
£32,000
(1) Costa Coffee was established in 1971 and now operates from over 3,800 shops across the UK and globally (source: www.costa.co.uk 25/08/2021).
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.
