Leeds - 83 & 83a Briggate

Location:

Leeds is the administrative centre of Yorkshire and is one of the most important retail and commercial centres in the UK.

The city is located 44 miles north east of Manchester, 24 miles south west of York and 33 miles north of Sheffield. Leeds is one of the leading regional centres of the UK for financial and business services and is the financial capital of the region. Major employers include Royal Bank of Scotland, Lloyds, Yorkshire Bank, Coutts, Leeds Building Society, Leeds City Council, British Gas, Direct Line, Green Flag, O2 and Unilever. 

Road communications in Leeds are excellent with the city strategically located close to the M1, A1(M) and the M62 connecting the city with the wider national motorway network.  Rail links in Leeds are also strong with regular direct services from Leeds Station to London Kings Cross, Edinburgh and York at an approximate journey time of 2 hours 11 minutes, 3 hours 10 minutes and 25 minutes respectively.

Leeds Bradford International Airport is 14 miles north west of the city centre.

  • Situation

    The subject property is located at the north end of Briggate towards The Headrow and is adjacent to the recent letting to Tesco, Pandora, Louis Vuitton and in close proximity to the Victoria Quarter.

  • Description

    The premises comprise a retail unit arranged on ground, basement and first floors. The ground floor is a used as an open plan customer services with ancillary office accommodation on the first floor and storage in the basement.

    There is a small element of flying freehold over Swan Street.

  • Tenure

    Freehold.

  • Tenancy (ies)

    The entire property is let to Flight Centre (UK) Limited on a 10 year Full Repairing and Insuring lease from 3rd December 2013 expiring 2nd December 2025. There is an upward only rent review in December 2018 and December 2023.

    Unexpired term of 7.25 years.

  • Current Rent PAX

    £125000

  • VAT

    The property has been elected for VAT and any disposal will be by way of a Transfer of a Going Concern (TOGC).

  • Price

    £1,745,000 (Subject to Contract and exclusive of VAT )

  • Yield

    6.75%

MISREPRESENTATION: These particulars do not constitute an offer or contract. They are intended as a guide to prospective purchasers. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser should satisfy himself and as to the correctness of these details, Neither the agents nor the vendor or lessors are to be or become under any liability or claim in respect of these particulars. These particulars are supplied on the understanding that all negotiations are conducted through this office.

All viewings are strictly by prior appointment.
Please contact:

David Freeman
Ed Smith
Patrick Over
Simona Malinova