This freehold retail unit is currently let to Frozen Value Limited Trading as Fulton Foods and is generating an annual income of £12,000. The lease has an unexpired term of 5 years with an upward only rent review due on the 7th April 2019. The property comprises a sales area and store room to the ground floor with a wc and ancillary storage to the first floor. Adjoining properties have converted the upper floors into flats so there is potential to add further value at some point in the future. The property is located on a busy parade in Middleton, South Leeds with other occupants on the circus including Sainsbury's, Boots and Greggs. Frozen Value Limited was incorporated in 1971 with accounts for the financial year ending in 2018 showing sales of £56.6 million from 104 stores and with net assets of £11.7 million. Buyers should be aware that the property is registered for VAT.
Sales area and store room.
Ancillary storage and wc.
The property has a small yard to the rear.
Charges & Payments
In addition to the deposit Administration Charge: 0.6% inc VAT of the purchase price subject to a minimum of £900.00 inc VAT.
Energy Efficiency Rating (EPC)
Current Rating Please refer to the legal pack
Leeds City Council
Administration Charge - See above
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.