The Property comprises a substantial retail parade arranged on the ground and mezzanine floors comprising three oriental supermarkets, a hair & beauty salon and two electrical appliance/audio visual shops. The property also comprises a shop on Harrison Street. The property benefits from a service yard to the rear.
Location
Vicar Lane is one of the principal retail and leisure locations in Leeds city centre with a plethora of national, regional and independent traders including Flannels, Hugo Boss, Trailfinders, The Ivy, Cow and The Ivy Asia. Victoria Gate (John Lewis), Victoria Quarter (Harvey Nichols) and The Headrow, all a stone’s throw from the subject property, provide a seamless link to the prime retail pitches of Briggate, Commercial Street and beyond.
Accommodation
GF: 1,995 sq.ft (185.34 sq.m)
FF: 1,078 sq.ft (100.14 sq.m
Terms
Rent Offers are sought in the region of £70,000 per annum exclusive of VAT
Rates The property has a Rateable Value of £41,000. Interested parties should satisfy themselves as to the Rateable Value, the availability of any relief and the actual rates payable by making their own enquiries to Leeds City Council business rates department.
Services The unit has electricity connected. Service Charge & Insurance Service Charge is £3,146 excluding VAT. Insurance TBC. The Landlord will insure the premises the premiums to be recovered from the tenan
Planning We believe that the property has planning consent for use within Class E of the Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020. Interested parties should make their own enquiries to the Local Authority to satisfy themselves whether planning permission is required for their intended use.
Legal Costs Each party will be responsible for their own legal costs incurred in any transaction
VAT is payable on Rent, Service Charge, and buildings insurance premium.
Specification
• Prominent city centre building close to The Corn Exchange, Kirkgate Market, Victoria Quarter and Grand Arcade
• Nearby occupiers include John Lewis, Flannels and Sports Direct as well as several established Oriental restaurants and supermarkets
• Suitable for a variety of uses with extensive car parking (Templar Street and Edward Street) in close proximity