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The property comprises a building of brick construction arranged over seven floors including basement and has residential 1st floor upwards. The property is located on Park Row, just off the Headrow and at a walking distance from Leeds Station.
| Price | £1,700,000 |
| Unit Size | 3,735 SF |
| No. Units | 1 |
| Total Building Size | 38,364 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Restaurant |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 7 |
| Typical Floor Size | 1,867 SF |
| Year Built | 1962 |
| Tenancy | Single |
| Lot Size | 0.17 AC |
| Unit Size | 3,735 SF |
| Price | £1,700,000 |
| Price Per SF | £455.15 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.65% |
| NOI | £113,050 |
The property comprises a substantial ground floor bar/restaurant with ancillary accommodation at basement level. There is also dedicated access at the rear of the unit.
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.
Building Photo
Building Photo
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