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

  • Site 5b, Armley Road<br>Leeds<br>West Yorkshire<br>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
    Available
  • Guide*
    £280,000 - £290,000
  • Sector
    Ground Rent
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Cambridge College
  • Expand
  • Photos
  • Map

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 Available
  • Guide* £280,000 - £290,000
  • 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

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

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    04.11.24
    File Size
    101 MB
    Login to View
  • Brochure
    Updated Date
    22.10.24
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Mills & Reeve LLP Botanic House 100 Hills Road
Cambridge
CB2 1PH
Michelle Cookson +(44)(0)1223 222234michelle.cookson@mills-reeve.com  Peter Collins +(44)(0)1223 222234peter.collins@mills-reeve.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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