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More details for 58-63 Boar Ln, Leeds - Retail for Sale

Trinity Square - 58-63 Boar Ln

Leeds, LS1 6HW

Retail for Sale
£6,660,000
29,279 sq ft

Leeds Retail for Sale

100% let to 6 tenants, including the strong national covenants of Sainsbury’s and Caffé Nero. Attractive WAULT of 6.52 years to expiry and 5.30 years to break. Current passing rent of £583,364 per annum, reflecting a low average rent of £19.92 per sq ft. A purchase at this level would reflect the following profile, assuming purchasers’ costs of 6.64%: • Net Initial Yield: 8.21% • Equivalent Yield: 8.91% • Reversionary Yield: 9.36% The property is held predominantly freehold, with a small section of long leasehold. The section of long leasehold relates to an access ramp which the tenants have the benefit of using for deliveries. The long leasehold was entered into on 7th August 2013 and expires on 30th December 3004 at a peppercorn rent. The freeholder of this section is Land Securities. The property does not currently have a formal service charge however all leases have provisions to recover reasonable expenditure and there are no caps in place. The current arrangement is for the landlord to pay for all costs and recharge the tenants at the end of each financial quarter. More information is available upon request.

Contact:

Lewis Ellis LLP

Property Subtype:

Shopfront

Date on Market:

24/11/2025

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14 Park Row

Leeds, LS1 5HU

Retail for Sale
£1,700,000
3,735 sq ft
1 Unit Available

Leeds Build-to-Rent for Sale

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.