Beeston District Centre, Town Street, Beeston, Leeds LS11 8PN

Leeds, LS11 8PN

Sold
Beeston District Centre, Town Street, Beeston, Leeds LS11 8PN
Price £1,180,000
Rent (pa) £135,813
Yield 10.87%

Investment Summary

  • Convenience led multi-let retail parade in busy suburb of Leeds
  • Well located in densely populated area just south of Leeds City Centre, in close proximity to Elland Road Stadium
  • The parade, together with the adjacent (and separately owned) Medical Centre, form a high demand neighbourhood centre
  • Large site of c. 2.29 acres and provides a total of 23,740 sq ft of retail space across ground and first floors
  • Let to a strong and complimentary line up of tenants, including William Hill, Well Pharmacy, Leeds City Council and an independent convenience store
  • Total gross income of £143,283 per annum, low rate of just £6.04 psf
  • Recent lettings show strong reversionary potential
  • Overall AWULT of 8.05 years to expiry, 6.38 years to tenant break
  • Available long leasehold for a term of 125 years from 31st December 1975 (79.2 years unexpired) at a rent of 4.39% of rack rented value, currently set at £7,470 per annum
  • Total net income of £135,813 per annum
Town Leeds
Postcode LS11 8PN
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