20 New Market Street, Leeds, West Yorkshire, LS1 6DG
£500.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,000-2,500 sq ft
93-232 sq m
- SECTOR
High street retail property for sale
Key features
- FOR SALE BY AUCTION 18TH SEPTEMBER 2025
- Let on a new lease until July 2030
- Tenant Option to Renew (3)
- Prime City Centre Shopping Quarter Location
- Approximately 168.49 sq m (1,813 sq ft)
- Directly Opposite The Corn Exchange and Nearby Leeds Kirkgate Market, Central Arcade Shopping Centre and Trinity Shopping Centre
- Neighbouring Occupiers Include Zara, Five Guys, JD Sports, Marks and Spencer, Wagamama and Superdrug
- Rental income £60,000 per Annum Rising to £75,000 pax in July 2028
Description
Leeds is the third largest City in the UK, with a resident population of over 750,000. The City boasts excellent communication links being within close proximity of the A61, M62 and M1. Leeds is the third busiest railway station outside of London with over 31 million passengers per annum.
The property is prominently situated in Leeds City Centre's retailing quarter, on the corner at the junction of New Market Street and Central Road, directly opposite the Corn Exchange. Leeds Kirkgate Market, Central Arcade Shopping Centre and Trinity Shopping Centre are all within close proximity to the property, with neighbouring occupiers including Zara, Five Guys, JD Sports, Marks and Spencer, Wagamama and Superdrug.
Tenure
Virtual Freehold. Held for a term of 999 years from Completion of the Sale at a fixed peppercorn rent.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement. The property forms part of a larger building and benefits from a significant return frontage to the pedestrianised Central Road.
VAT
VAT is applicable to this lot.
EPC
Band D
For further information, to register your interest in this property and download the legal pack, please visit the Acuitus website.
Brochures
20 New Market Street, Leeds, West Yorkshire, LS1 6DG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leeds Station0.3 miles
- Burley Park Station1.9 miles
- Headingley Station2.6 miles
Notes
Disclaimer - Property reference A12999Leeds. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Acuitus Limited, Acuitus. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Acuitus Limited, Acuitus on 020 7870 2773.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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