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Investment & Development Opportunity, 32-32A Church Lane, Pudsey, LS28 7RF

2,677 Sq Ft / Other

Withdrawn - Last updated: 11 August 2021

The property is a modern two storey, brick building, arranged on ground and first floor levels. The ground floor is let to Lloyds Pharmacy and comprises sales, pharmacy and storage space all neatly fitted out in the tenant’s corporate style. The first floor comprises an excellent self-contained office suite partitioned into a series of private and general offices.

The upper floor accommodation could easily lend itself for conversion into residential space subject to contract.

Location

Pudsey is a popular residential town with a population of approximately 22,400. It is located midway between Leeds city centre and Bradford city centre some 6 miles south west of Leeds and 4.5 miles from Bradford.

The property is located in the centre of Pudsey, and is situated on the South side of Church Lane, close to the junction with Lowtown. It is a busy central retail location, where national occupiers close by include Sainsbury’s Local, The Post Office, B & M Bargains, Fulton’s Foods and Greggs. Pudsey Bus Station is within close proximity with Pudsey Medical Centre to the rear of the property. Properties higher up the street are predominantly residential.

Accommodation

The property has the following approximate net lettable floor areas:-

Ground Floor

Sales area - 565 sq ft (55.27 sq m)

Pharmacy - 283 sq ft (26.29 sq m)

Storage facilities - 416 sq ft (38.64 sq m)

Total - 1,294 sq ft (120.21 sq m)

First Floor

Office - 1,383 sq ft (128.48 sq m)

Total - 2,677 sq ft (248.70 sq m) 

Terms

LEASE DETAILS - The lease of the ground floor to Lloyds Pharmacy Ltd is for a term for 10 years from 11 October 2016 at a rent of £13,500 per annum with an upward only rent review at the end of the fifth year. The lease is on effectively full repairing and insuring terms. The lease also contains a tenant’s break clause which can be exercised at the end of the fifth year of the term.

COVENANT INFORMATION - Lloyds Pharmacy is a leading community pharmacy and healthcare provider with over 1,500 pharmacies across the UK. Lloyds Pharmacy was purchased by Celesio AG in 1997, and was merged with Celesio's existing UK subsidiary AAH Pharmaceuticals' Hills Pharmacy network to form a network of 1300 pharmacies.

PRICE - Offer in excess of £225,000 subject to contract.

VAT - The price quoted is exclusive of VAT.

ENERGY PERFORMANCE CERTIFICATE - Energy performance certificates have been commissioned and will be available from the selling agents. 

Specification

  • Town centre location
  • Ground floor let to Lloyds Pharmacy Ltd
  • Producing £13,500 per annum exclusive
  • Vacant first floor office accommodation offering letting opportunity
  • Potential residential conversion subject to consent
  • Price offers in excess of £225,000 subject to contract


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