Location
Situated within Thornton's Arcade which links the prime
areas of Lands Lane and Briggate within Leeds city centre.
The property is located in the centre of the Arcade and
nearby occupiers include Starbucks, West Row, Dune,
Bagel Nash, and Ann Summers, along with an eclectic mix
of retail and café operators.
Description
The property comprises a ground floor retail shop with
additional first floor retail space and second floor storage,
kitchenette, and staff WC. The unit benefits from an
internal electric roller shutter to the shop front.
Accommodation
Measured in accordance with the Royal Institution of
Chartered Surveyors Code of Measuring Practice 6th
Edition the unit provides the following approx. net internal
areas:
ground floor: 236 sq ft (21.9m²)
first floor: 186 sq ft (17.3m²)
second floor: 177 sq ft (16.4m²)
Total: 599 sq ft (55.6m²)
Terms
The property is available by way of a new lease on full
repairing and insuring terms for a minimum certain term
of 3 years. The initial rental will be £19,500 p.a.
exclusive. Our client will consider the sale of their
freehold interest in the property with full vacant
possession at a guide price of £350,000. It is understood
that VAT is not applicable on the sale of this property
Business Rates
According to the Valuation Office Agency website, the
premises has a current 2017 rateable value of £13,750.
Interested parties are advised to direct further enquiries
to the local authority.
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