For Sale By Auction | 14:00, 27 March 2019 | Lot 5

17 Middleton Park Circus, Leeds, West Yorkshire, LS10 4LX

*Guide | £125,000 + (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 0113 393 3482 for more information

Auction Date

Wed 27/03/2019

Auction Time

14:00

Auction Venue

Norman Hunter Banqueting Suite Elland Road Stadium, Leeds, LS11 0ES

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.

Tenure

Freehold

Ground Floor

Sales area and store room.

First Floor

Ancillary storage and wc.

Externally

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

Local Authority

Leeds City Council

Additional Fees

Administration Charge - See above

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.