16 Thorntons Arcade, Leeds City Centre

PA £21,000
To Let

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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 £21,000 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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