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14 Park Row 3,735 sq ft Retail Unit Offered at £1,700,000 in Leeds LS1 5HU
Investment Highlights
- Leeds central position in Britain coupled with its international airport and road/mainline rail links, offers excellent transport connectivity.
- Leeds is the third busiest railway station in the UK outside of London and one of the busiest in the Northern Powerhouse.
- Nearby occupiers include Indian Tiffin Room, JD Wetherspoon, Gaucho, Gusto and The Alchemist Bar.
- Some of the country’s highest-capacity strategic motorways and roads converge in Leeds City Region including the M62, M1 and A1(M).
- Leeds Bradford Airport is located seven miles northwest of Leeds City Centre and is the largest in Yorkshire.
Executive Summary
The property comprises a building of brick construction arranged over seven floors including basement and has residential 1st floor upwards. The property is located on Park Row, just off the Headrow and at a walking distance from Leeds Station.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 6.65% |
| Sale Type | Investment |
| Net Initial Yield | 6.65% |
| Tenure | Freehold |
Description
The property comprises a substantial ground floor bar/restaurant with ancillary accommodation at basement level. There is also dedicated access at the rear of the unit.
Sale Notes
The asset is let on a FR&I lease to Stonegate Pub Company Limited expiring on 24 December 2038 (15 years unexpired)
at a current rent of £121,100 per annum. The lease is subject to open market rent reviews, the next rent review is due 24 December 2023.
at a current rent of £121,100 per annum. The lease is subject to open market rent reviews, the next rent review is due 24 December 2023.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 14 | 3,735 sq ft | Retail | £1,700,000 (£455.15/sq ft) | £113,050 |
Unit 14
| Unit Size |
| 3,735 sq ft |
| Unit Use |
| Retail |
| Price |
| £1,700,000 (£455.15/sq ft) |
| NOI |
| £113,050 |
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Unit 14
| Unit Size | 3,735 sq ft |
| Unit Use | Retail |
| Price | £1,700,000 (£455.15/sq ft) |
| NOI | £113,050 |
| Sale Type | Investment |
| Net Initial Yield | 6.65% |
| Tenure | Freehold |
| Description | |
| The property comprises a substantial ground floor bar/restaurant with ancillary accommodation at basement level. There is also dedicated access at the rear of the unit. | |
| Sale Notes | |
|
The asset is let on a FR&I lease to Stonegate Pub Company Limited expiring on 24 December 2038 (15 years unexpired) at a current rent of £121,100 per annum. The lease is subject to open market rent reviews, the next rent review is due 24 December 2023. |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 38,364 sq ft | Floors | 9 |
| Property Type | Build-to-Rent (Unit) | Typical Floor Size | 1,867 sq ft |
| Property Subtype | Apartment | Year Built | 1962 |
| Costar Property Class | B | Total Plot Size | 0.17 ac |
| Total Property Size | 38,364 sq ft |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Costar Property Class | B |
| Floors | 9 |
| Typical Floor Size | 1,867 sq ft |
| Year Built | 1962 |
| Total Plot Size | 0.17 ac |
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14 Park Row
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