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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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58-66 Vicar Ln

Leeds, LS1 6PJ

Retail for Sale
£4,000,000
19,757 sq ft

Air Conditioning
Security System

Leeds Retail for Sale

A prominent freehold Grade II listed mixed-use investment in Leeds City Centre, extending to 19,757 sq ft. The property is fully let at ground and basement levels to Caffè Nero, Subway, Futon Company, and Rand Coffee Roastery, producing a total annual income of £212,000. Lease terms range from 5 to 10 years, with strong tenant covenants in place. Planning permission has been granted for the conversion of the upper floors into 16 residential flats (8 one-bedroom and 8 two-bedroom), with a projected rental income of £30,200 per month and a gross development value of approximately £5.27 million. The building occupies a high-profile corner site next to Victoria Quarter and is situated 100 metres from Briggate, Leeds’ prime retail pitch. Offers are invited in excess of £4,000,000, reflecting an attractive yield and low capital value. The unit at 5 & 7 Harewood Street is under offer and will be let to Rand Coffee Roastery on a 10-year lease, subject to planning; landlord works are currently underway with completion expected mid-November.

Contact:

FMX Urban Property Advisors

Property Subtype:

Shopfront Retail / Residential

Date on Market:

06/11/2025

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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.