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01133873378
Properties

Collaborating in logistics, warehouse + industrial property

Status:Sold
Address:123 - 125 Vicar Lane, Leeds, LS1 6PJ
Type: Office
Size: 1,508 Sq Ft
: £275,000
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Contact Details

0113 387 3378
Steven@LM1.agency
07552 476 571
Matt@LM1.agency
07960 708 544

123 - 125 Vicar Lane, Leeds, LS1 6PJ

About the property

INVESTMENT CONSIDERATIONS

  • Freehold
  • Offers in Excess of £275,000 (£182 per sq ft)
  • Passing rent £22,750 per annum
  • Let to Newmans (6 years 10 months unexpired), Evolve (3 years 8 months) and Sandwich Delight (4 months).
  • Reflecting a Net Initial Yield of 8% assuming purchasers costs of 4.8%
  • Prominently located on a busy high street in Leeds City Centre.
  • Prominent frontage 3 storey retail space.

The end terrace unit comprises of 3 storeys with a two extension to the right occupied by a local sandwich company.
The investment reflects a yield of 8%.
The unit totals 1,508 sq ft. Including Newmans on the ground floor occupying 351.98 sq ft, Evolve on the first and second floor at 657.68 sq ft and sandwich delight at 498.37 sq ft.
East Leeds has been positively effected by the new Victoria Gate development which has attracted an increased footfall since opening.
Local occupiers include Leeds Grand Theatre, Sports Direct, Pizza Fella and John Lewis.