Wrays Building, 58-66 VICAR LANE / 5-7 HAREWOOD STREET / 6-8 SIDNEY STREET Leeds, LS1

* Leeds is the principal commercial, financial, and cultural hub of West Yorkshire and one of the fastest-growing cities in the UK.
* The subject property is a landmark Grade II listed mixed-use investment opportunity, occupying an extremely prominent corner position in Leeds City Centre, adjacent to the Victoria Quarter Shopping Centre and Victoria Leeds Shopping Centre.
* Leeds was named by The Sunday Times as The Best Place tom Live in the North and North East in 2024.
* The subject property is centrally located in Leeds City Centre and is a 100 meter walk from the prime retailing pitch of Briggate.
* The property is let to Caffè Nero, Subway, Futon Company and Rand Coffee Roastery, all on new leases.
* Current commercial income of £212,000 per annum.
* WAULT of 8.88 years to expiry and 4.47 years to break.
* The property benefits from planning permission to create 16 residential units above the existing retail space. Application numbers: 23/07270/FU and 23/07271/LI.
* Freehold extending to 19,757 sq ft equating ta low capital value of £202psf.

We are instructed to seek offers in excess of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT. A purchase at this price reflects a Net Initial Yield of 8% on the commercial income and a low capital value of £114 psf on the gross area of the remaining consented residential element, assuming standard purchaser costs of 6.38%.