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Thorntons Arc 691 sq ft Retail Unit Offered at £295,000 in Leeds LS1 6LB
Investment Highlights
- A historic Arcade comprising of multiple large retailers
Executive Summary
The arcade mainly comprises independent boutique type businesses with some larger national multiples such as Charles Clinkard and Starbucks.
Property Facts
| Total Property Size | 27,608 sq ft | Floors | 4 |
| Property Type | Retail (Unit) | Typical Floor Size | 6,275 sq ft |
| Property Subtype | Shopfront | Year Built | 1873 |
| Costar Property Class | B | Total Plot Size | 0.44 ac |
| Total Property Size | 27,608 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 6,275 sq ft |
| Year Built | 1873 |
| Total Plot Size | 0.44 ac |
Amenities
- Atrium
- Security System
- Roller Shutters
- Storage Space
- Air Conditioning
1 Unit Available
Unit 23
| Unit Size | 691 sq ft | Sale Type | Investment |
| Price | £295,000 | Tenure | Freehold |
| Price Per sq ft | £426.92 | Net Initial Yield | 6.61% |
| Unit Use | Retail | NOI | £19,500 |
| Unit Size | 691 sq ft |
| Price | £295,000 |
| Price Per sq ft | £426.92 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.61% |
| NOI | £19,500 |
Description
The property comprises a 3 storey mid-terrace property situated within a pedestrianised Grade II Listed shopping arcade in the centre of Leeds. The arcade mainly comprises independent boutique type businesses with some larger national multiples such as Charles Clinkard and Starbucks.
Sale Notes
The subject property is presently let to a hair salon/ barbers, occupying under a 10 year lease which runs until April 2031. The current passing rent is £19,500 pa, with a rent review due in April 2026.
The freehold property is available for sale subject to its existing tenancies at a guide price of £295,000. It is understood that VAT is not applicable.
Floor Plan
Nearby Major Retailers
Presented by
Adair Paxton
Thorntons Arc
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