16 Thorntons Arcade, Leeds City Centre

Asking price of £350,000
For Sale

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Location

Situated within Thornton's Arcade which links the

prime areas of Lands Lane and Briggate within Leeds

city centre. The property is located in the centre of the

Arcade and nearby occupiers include Starbucks, West

Row, Dune, Bagel Nash, and Ann Summers, along with

an eclectic mix of retail and café operators.


Description

The property comprises a ground floor retail shop with

additional first floor retail space and second floor

storage, kitchenette and staff WC. The unit benefits

from an internal electric roller shutter to the shop

front.


Accommodation

Measured in accordance with the Royal Institution of

Chartered Surveyors Code of Measuring Practice 6th

Edition the unit provides the following approx. net

internal areas:

ground floor: 236 sq ft (21.9m²)

first floor: 186 sq ft (17.3m²)

second floor: 177 sq ft (16.4m²)

Total: 599 sq ft (55.6m²)


Terms

The property is available by way of a new lease on full

repairing and insuring terms for a minimum certain

term of 3 years. The initial rental will be £21,000 p.a.

exclusive. Our client will consider the sale of their

freehold interest in the property with full vacant

possession at a guide price of £350,000. It is

understood that VAT is not applicable on the sale of

this property


Business Rates

According to the Valuation Office Agency website, the

premises has a current 2017 rateable value of

£13,750. Interested parties are advised to direct

further enquiries to the local authority.

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