Site 5b, Armley Road Leeds West Yorkshire LS12 2LB

Site 5b, Armley Road
Leeds
West Yorkshire
LS12 2LB

Freehold Retail Warehouse Ground Rent Investment

Let to FRELIF (Armley) LLP until February 2141
5 yearly RPI Linked Rent Reviews
Site area 0.74 Ha (1.82 Acres)
Two substantial retail warehouses upon the site
Popular business and retailing location
Prominent roadside position

Lot
12
Auction
7th November 2024
Rent
£12,480 per Annum Exclusive
Status
Sold
Price
£400,000
Auction Venue
Live Streamed Auction
On Behalf of a Cambridge College

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Freehold Retail Warehouse Ground Rent Investment

Let to FRELIF (Armley) LLP until February 2141
5 yearly RPI Linked Rent Reviews
Site area 0.74 Ha (1.82 Acres)
Two substantial retail warehouses upon the site
Popular business and retailing location
Prominent roadside position

Lot 12
Auction 7th November 2024
Rent £12,480 per Annum Exclusive
Status Sold
Price £400,000
Sector
Ground Rent
Auction Venue
Live Streamed Auction
On Behalf of a Cambridge College

Property Information

Location

Miles: 1.3 miles west of Leeds City Centre
Roads: A58, M621, A647
Rail: Leeds Railway Station
Air: Leeds Bradford Airport

Situation

The property is situated on the south side of Armley Road (A647), 1.3 miles west of Leeds City Centre. The property is situated in a popular business/retail area with nearby occupiers including Lidl, Esso Petrol Filling Station, Starbucks, and a number of trade counters and vehicle repair workshops.

Tenure

Freehold. Postal Address: Units 1 & 2, Armley Road, Leeds

Location

Miles: 1.3 miles west of Leeds City Centre
Roads: A58, M621, A647
Rail: Leeds Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold. Postal Address: Units 1 & 2, Armley Road, Leeds

Description

The property comprises a site of approximately 0.74 Ha (1.82 Acres) upon which sits two retail warehouses together with associated car parking. Occupiers include B&M and Farm Foods.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a site of approximately 0.74 Ha (1.82 Acres) upon which sits two retail warehouses together with associated car parking. Occupiers include B&M and Farm Foods.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Site Area Approx. Ha	Site Area Approx. Acres	Tenant	Term	Rent p.a.x.	Review	Reversion
0.74	(1.82)	FRELIF (ARMLEY) LLP	125 years from 15/02/2016	£12,480	15/02/2026 and 5 yearly thereafter (1)	14/02/2141

(1) RPI Linked Rent Reviews subject to a 2% collar and 4% cap over the 5 year review pattern.

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.