Commercial property for sale in Briggate, Leeds LS1

Mixed-use fully tenanted freehold investment

4 storey property located on Briggate, Leeds City Centre, just below the junction with Boar Lane. It is on the edge of the central shop area and is 1 minute walk to the Trinity centre & 3 mins walk to the iconic Victoria Quarter, a hugely popular high-end shopping scheme which is anchored by Harvey Nichols and is the home to many premium retailers including Louis Vuitton and Vivienne Westwood.

Tenancies unaffected by sale

Location

The subject property is located on Briggate, Leeds City Centre, just below the junction with Boar Lane. It is on the edge of the central shop area and is 1 mins walk to the Trinity centre & 3 mins walk to the iconic Victoria Quarter, a hugely popular high-end shopping scheme which is anchored by Harvey Nichols and is the home to many premium retailers including Louis Vuitton and Vivienne Westwood.

Description

The property is offerred fully let as a Tenanted investment. This stone building with slated pitched roof constructed in the victorian era comprises restaurant accommodation to the ground floor & basement and a jazz bar to the first & second floor.

Accommodation

The property offers the following accommodation:-

159 Briggate:-
Ground floor Zone a 21.9 m2 - 236 sq ft
Ground floor Zone b 28.5 m2 - 307 sq ft
Ground floor Zone c 25.9 m2 - 279 sq ft
Basement kitchen & stores 46.2 m2 - 496 sq ft
total 122.5 m2 - 1318 sq ft

159a Briggate:-
First Floor 55.1 m2 - 593 sq ft
Second Floor 83.0 m2 - 893 sq ft
Third floor 30.43 m2 - 327sq ft
total 168.5 m2 - 1813sq ft
plus WC's

Tenancy

The property is tenanted as follows:-

159 Briggate:-
10 year Lease from 2026
Passing rent £35,0000 per annum plus vat

159a Briggate:-
15 year Lease from 2014
Passing rent £25,0000 per annum plus vat
Subject to Rent Review March 2024 - details available soon

Total passing rental
£60,000pa plus vat

Price

Offers of £925,000 are invited for the Freehold interest.

We are informed that VAT is applicable to this Sale.

Business Rates

The property has been assessed by the Valuation Office Agency as follows:-

159 Briggate - £24,400RV

159a Briggate - £23,250RV

Energy Performance Certificate

Energy Performance Certificates for this property are:-

159 Briggate Rating c-57

159a Briggage Rating b-47

These can be viewed on

Viewings

For further information or to arrange a viewing, please contact Peter Davies on .

Misrepresentation Act 1967

Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
1.The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
2.All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.
3. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
4.All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.

Misdescriptions act 1991
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.

All offers are subject to contract or lease.
Details prepared April 2024.