Units 1-2, The Cube Leeds

119 - 121 Albion Street
Leeds, LS2 8ER

Use Class E(a)

4,722 sq ft

£110,000

Use Class

E(a)

Size

4,722 sq ft

Rent pa

£110,000

Marketed by Savills UK & Ireland

Last updated 29/10/2019

A1/A3 Retail/Leisure Unit - Lease For Sale/To Let

Key Points

A1/A3 Retail / Leisure Unit
Lease for Sale / To Let

The property is a ground floor retail unit.

The Property is situated on Albion Street, close to the junction with Merrion Street, adjacent to The Light and opposite the St Johns and Merrion Shopping Centre.
The Location forms an extension of the leisure pitch provided by The Light on the North of Albion Street, where retailers include Tiger Tiger, Prezzo, Frankie & Benny’s, Turtle Bay, Icestone Gelato and Yates.

Use Class

A1 - A1 / A3 Retail Leisure Unit

Viewing

Strictly by appointment.

Accommodation

Accommodation details below:

Areas

	sq ft	sq m
Ground Floor	4,722	438

Financial

Lease Term

The premises are available by way of assignment. The property is held on a 15 year Effective FRI lease which started on the 5 September 2017. Currently held at a passing rent of £110,000 per annum, to be subjected to RPI rent reviews on 7 September 2022 and 2027.

Rates

We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Interested parties are advised to make their own enquiries to the Local Authority.

Rateable Year:	2019
Rateable Value:	£140,000.00
Rates Payable:	£68,600.00
UBR:	49p/£

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service Charge

The current on account service charge for 2019 is £2,070.

Sustainability

Energy Performance Certificate Information

EPC available upon request.

Last Updated

29/10/2019

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.