Guide price
£295,000
(£426.92/sq. ft)
Retail premises for saleThornton's Arcade LS1
691 sq. ft
About this property
Income of £19,500 pa
6.6% Yield
Arranged over 3 floors
Located within the historic Thornton’s Arcade
Location
The subject property is situated
within Thornton’s Arcade which is
a historic shopping arcade within
the main retail core of Leeds City
Centre. The arcade itself is
understood to date back to the
late 1800s.
The subject property is a single
fronted unit situated towards the
western end of the arcade. The
arcade connects Briggate to
Lands Lane which are both
popular retailing streets.
Trinity Leeds Shopping Centre is a
short 2 minute walk away.
Description
The property comprises a 3 storey mid-terrace
property situated within a pedestrianised
Grade II Listed shopping arcade in the centre of
Leeds.
The arcade mainly comprises independent
boutique type businesses with some larger
national multiples such as Charles Clinkard and
Starbucks.
The subject property is presently let to a hair
salon/ barbers, occupying under a 10 year lease
which runs until April 2031. The current passing
rent is £19,500 pa, with a rent review due in
April 2026.
Measured in accordance with the RICS Property Measurement
(incorporating International Property Measurement Standards) 2nd Edition, January 2023, the unit provides an approximate net internal area of:
Ground Floor 263 sq ft 24.4 sq m
First Floor 211 sq ft 19.6 sq m
Second Floor 217 sq ft 20.2 sq m
Total 691 sq ft 64.2 sq m
Terms
The freehold property is available
for sale subject to its existing
tenancies at a guide price of
£295,000. It is understood that
VAT is not applicable.
The subject property is situated
within Thornton’s Arcade which is
a historic shopping arcade within
the main retail core of Leeds City
Centre. The arcade itself is
understood to date back to the
late 1800s.
The subject property is a single
fronted unit situated towards the
western end of the arcade. The
arcade connects Briggate to
Lands Lane which are both
popular retailing streets.
Trinity Leeds Shopping Centre is a
short 2 minute walk away.
Description
The property comprises a 3 storey mid-terrace
property situated within a pedestrianised
Grade II Listed shopping arcade in the centre of
Leeds.
The arcade mainly comprises independent
boutique type businesses with some larger
national multiples such as Charles Clinkard and
Starbucks.
The subject property is presently let to a hair
salon/ barbers, occupying under a 10 year lease
which runs until April 2031. The current passing
rent is £19,500 pa, with a rent review due in
April 2026.
Measured in accordance with the RICS Property Measurement
(incorporating International Property Measurement Standards) 2nd Edition, January 2023, the unit provides an approximate net internal area of:
Ground Floor 263 sq ft 24.4 sq m
First Floor 211 sq ft 19.6 sq m
Second Floor 217 sq ft 20.2 sq m
Total 691 sq ft 64.2 sq m
Terms
The freehold property is available
for sale subject to its existing
tenancies at a guide price of
£295,000. It is understood that
VAT is not applicable.
Mortgage calculator
Monthly repayment
£1,475 per month
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