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75 Queen St 2,342 sq ft Retail Property Leeds LS27 8EB £200,000 (£85.40/sq ft) 9.30% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominently positioned
- Period building
- Self contained Restaurant premises being fully let on a new 10 year lease
EXECUTIVE SUMMARY
The property is let in it’s entirety to a private individual trading as Spice Lounge. The property is let from 21 October 2025 on a 10 year straight FRI lease at £19,020 per annum. There are 12 monthly rent reviews within the current lease. A copy of which is available on request.
Offers in excess of £200,000 are sought for the freehold interest, this shows a NIY of 9.3% taking into account usual purchaser’s costs.
Offers in excess of £200,000 are sought for the freehold interest, this shows a NIY of 9.3% taking into account usual purchaser’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,342 sq ft
Costar Property Class
C
Year Built
1990
Price
£200,000
Price per sq ft
£85.40
Yield
9.30%
NOI
£18,600
Tenancy
Single
Number of Floors
4
Plot ratio
1.83
Total Plot Size
0.03 ac
Frontage
23 ft on Queen Street
AMENITIES
- 24 Hour Access
- Bus Route
- Commuter Rail
- Storage Space
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NEARBY MAJOR RETAILERS
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75 Queen St
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