April 2022: Tuesday 05 April 2022 - 9:00am
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    Key features

    • Investment Let at a Gross Rent of £41,700 (15.16% on Guide Price)
    • Let to Leeds Centre for Integrated Living - which benefits from funding from NHS
    • 10 year lease from July 2019 expiring in July 2029 (subject to break option)
    • 2022 break option NOT exercised
    • Recently Refurbished Office building comprising approximately 403.46 sq m (4,342 sq ft)
    • VAT-Free Investment

    Description

    The property comprises a recently refurbished ground floor office with ancillary accommodation. The property includes a car park for approximately 14 cars together with a further warehouse unit which is approximately 1,000 sq ft and benefits from a roller shutter door, power and lighting.

    Additional information

    Tenure

    Long Leasehold. Held for a term of 125 years from 12th September 1980 (approximately 83 years remaining) at a current ground rent of £11,500 + VAT.

    Accommodation

    Please note that the areas have been taken from VOA and the property has not been inspected by Savills.


    Approximate Floor Areas

    Ground - Office/Ancillary 403.46 sq m (4,342 sq ft)


    Total - 403.46 sq m (4,342 sq ft)

    Tenancy

    Let to Leeds Centre for Integrated Living for a term of 10 years from 03/07/2019 until 02/07/2029 subject to a break option on 03/07/2024. The tenant has not exercised their break on 03/07/2022. The tenant benefits from funding from the NHS (see legal pack for further details). The current rent received is £41,700 per annum.

    Rent

    £41,700 pa (Gross)
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Stanningley is an attractive suburb of Leeds, approximately 5 miles from the City Centre and approximately 17 miles south of Harrogate. The property is located in a prominent position on the south side of Arthur Street, close to the Belgrave Retail Park, and other occupiers including Lidl, Heron Foods, Home Bargains, Greggs and Papa John's.

      Transport

      5 miles west of Leeds

      17 miles south of Harrogate


      Less than 1 mile east of New Pudsey Train Station

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums