30 Austhorpe Road
Cross Gates
Leeds
LS15 8DX

Well Located Virtual Freehold Retail Investment

  • Trading as Costa Coffee
  • 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
    24/Sep/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
Important Update
  • 30 Austhorpe Road, Cross Gates, Leeds, LS15 8DX
  • Expand
  • Photos
  • Map

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

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent 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 £1,000 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

  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    721 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    949 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Hanover Law 13 Police Street Manchester
Manchester
M2 7LQ
Mark Balmforth 01618308868mark.balmforth@hanoverlaw.co.uk

Useful Links

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