Sites 1 and 2 Nowell Lane Leeds West Yorkshire LS9 6HH

Sites 1 and 2 Nowell Lane
Leeds
West Yorkshire
LS9 6HH

Freehold Industrial Ground Rent Investment

Site Area of approx. 0.25 Ha (0.61 Acres)
Majority of leases with 36 years unexpired offering valuable reversions
Majority of leases provide for 10 yearly rent reviews
Six warehouse units upon the site
Prominent roadside location

Lot
26
Auction
7th November 2024
Rent
£8,327 per Annum Exclusive
Status
Sold
Price
£285,000
Auction Venue
Live Streamed Auction
On Behalf of a Cambridge College

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Freehold Industrial Ground Rent Investment

Site Area of approx. 0.25 Ha (0.61 Acres)
Majority of leases with 36 years unexpired offering valuable reversions
Majority of leases provide for 10 yearly rent reviews
Six warehouse units upon the site
Prominent roadside location

Lot 26
Auction 7th November 2024
Rent £8,327 per Annum Exclusive
Status Sold
Price £285,000
Sector
Ground Rent
Auction Venue
Live Streamed Auction
On Behalf of a Cambridge College

Property Information

Location

Miles: 1.7 miles east of Leeds City Centre
Roads: A64 (M), A58
Rail: Leeds Railway Station
Air: Leeds Bradford Airport

Situation

The property is located on the north side of Nowell Lane, close to its junction with Lupton Avenue and 1.7 miles east of Leeds City Centre. The immediate vicinity comprises light industrial and high density residential areas.

Tenure

Freehold.

Location

Miles: 1.7 miles east of Leeds City Centre
Roads: A64 (M), A58
Rail: Leeds Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a site of approximately 0.25 Ha (0.61 Acres) upon which sits a terrace of 6 warehouse units with a total approximate floor area of 987.22 sq. m. (10,346 sq. ft.)(1).

VAT

VAT is applicable to this lot.

Note

Postal Address: 36 Nowell Lane, Leeds Units 1-5 Nowell Approach, Leeds

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a site of approximately 0.25 Ha (0.61 Acres) upon which sits a terrace of 6 warehouse units with a total approximate floor area of 987.22 sq. m. (10,346 sq. ft.)(1).

VAT

VAT is applicable to this lot.

Note

Postal Address: 36 Nowell Lane, Leeds Units 1-5 Nowell Approach, Leeds

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Site Area Approx. Sq. M.	Site Area Approx. (Sq. Ft.)	Tenant	Term	Rent p.a.x.	Review	Reversion
Site 1	166.45	(1,792)	INDIVIDUAL	85 years from 01/12/1977	£1,750	01/12/2027	30/11/2062
Site 2 Unit 1	198.95	(2,141)	INDIVIDUALS	85 years from 01/01/1976	£1,247	01/01/2026 and 10 yearly thereafter	28/12/2060
Site 2 Unit 2	153.90	(1,657)	LEEDS SCULPTURE WORKSHOP	83 years from 31/03/1997	£1,260	01/01/2026 and 10 yearly thereafter	28/12/2060
Site 2 Unit 3	132.60	(1,147)	INDIVIDUAL	85 years from 01/01/1976	£1,276	01/01/2026 and 10 yearly thereafter	28/12/2060
Site 2 Unit 4	204.50	(2,201)	INDIVIDUALS	83 years from 09/06/1977	£1,606	01/01/2026 and 10 yearly thereafter	28/12/2060
Site 2 Unit 5	130.82	(1,408)	INDIVIDUAL	83 years from 18/02/1977	£1,188	01/01/2026 and 10 yearly thereafter	28/12/2060
Total	987.22	(10,346)			£8,327

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.