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17, Middleton Park Circus, Leeds, LS10 4LX

This freehold retail unit is currently let to Frozen Value Limited Trading as Fulton Foods and is generating an annual income of £...
Location: 17 Middleton Park Circus, Leeds, LS10 4LX
Property type: General Retail, Other, Retail, Other Property Types & Opportunities
Tenure type: For Sale Freehold
Tenancy type: Investment
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.
For more details please see the legal pack.

Local Authority

Leeds City Council

Additional Fees

Administration Charge - 0.6% inc VAT of the purchase price subject to a minimum of £900.00 inc VAT.

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

Viewing Times

Please call Auction House West Yorkshire on 0113 393 3482 to arrange a viewing
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