Kwik-Fit 30 Regents Street Leeds LS2 7QN

Kwik-Fit
30 Regents Street
Leeds
LS2 7QN

Freehold Tyre Depot Investment

Let to Kwik-Fit (Properties) Limited (guaranteed by Kwik-Fit Holdings
Limited) until 2024
Prominently located on the busy A61 Regent Street
Neighbouring occupiers include Shell, Leeds Central College, Christopher Pratts Furnishings, J & S Accessories and Maplin
Six Week Completion

Lot
34
Auction
17th October 2013
Rent
£73,314 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Tyre Depot Investment

Let to Kwik-Fit (Properties) Limited (guaranteed by Kwik-Fit Holdings
Limited) until 2024
Prominently located on the busy A61 Regent Street
Neighbouring occupiers include Shell, Leeds Central College, Christopher Pratts Furnishings, J & S Accessories and Maplin
Six Week Completion

Lot 34
Auction 17th October 2013
Rent £73,314 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Motor Trade, Petrol Station
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 25 miles south-west of York; 42 miles north-east of Manchester
Roads: A61, A64 (M), A58 (M), M1
Rail: Leeds Railway Station
Air: Leeds Bradford Airport

Situation

The property is located immediately north-east of the city centre in a prominent corner location on the east side of Regent Street (A61), at its junction with Millwright Street. Neighbouring occupiers include Shell, Leeds Central College, Christopher Pratts Furnishings, J & S Accessories and Maplin.

Tenure

Freehold.

Location

Miles: 25 miles south-west of York; 42 miles north-east of Manchester
Roads: A61, A64 (M), A58 (M), M1
Rail: Leeds Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor tyre fitting depot with reception area, storage and staff accommodation. The property also benefits from having 6 vehicle access bays and forecourt car parking accommodating approximately 12 cars.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reviews
Ground	Tyre & Exhaust Centre	520.46 sq m	(5,602 sq ft)	KWIK-FIT (PROPERTIES) LIMITED (1) guaranteed by Kwik- Fit Holdings Limited (2)	30 years from 04/02/1994 until 2024 on a full repairing and insuring	£73,314	04/02/2014 and 5 yearly
Totals		520.46 sq m	(5,602 sq ft)			£73,314

(1) For the year ending 31/03/2012, Kwik-Fit (Properties) Limited reported a turnover of £71,000, pre-tax profits of £440,000 and a total net worth of £10,902,000. (Source: www.riskdisk.com 13th June 2013)
(2)For the year ending 31/03/2012, Kwik-Fit Holdings Limited reported pre-tax profits of £174,094,000 and a total net worth of £111,407,000. (Source: www.riskdisk.com 13th June 2013)