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ADDRESS: 88 Town Street, Leeds, Horsforth, West Yorkshire, LS18 4AP • Let to HSBC Bank Plc in Prominent location until June 2023 • 3898 sq ft building with parking for 8 cars • Newly branded as HSBC UK-see plans below • Rent review in June 2018 • Long term Residential Redevelopment opportunity LOCATION Leeds is the principal commercial, financial and administrative centre for the North of England and serves a population of some 850,000. The city enjoys excellent communications being at the junction of the M1 and M62 motorways, having regular rail services (London King's Cross, 2 hours) and also benefiting from Leeds/Bradford Airport some 7 miles north of the city centre. Horsforth, a suburb of the city of Leeds, is situated 4 miles north-west of the city centre, 5 miles north-east of Bradford, and is located at the junction off the A65 and A6120. SITUATION The property is situated on Town Street, the principal area of the town, opposite the junction with Town Close. Occupiers close by include Santander, Lloyds, Halifax, Barclays and a number of local traders. DESCRIPTION The property is arranged on basement, ground and one upper floor to provide a ground floor banking hall with basement storage/strong rooms together with office and staff ancillary accommodation on the first floor. ACCOMMODATION Gross Frontage 8.95 m (29' 4"),Shop and Built Depth 19.80 m (64' 11") 1950 sq ft ,Basement 77.5 sq m (834 sq ft), First Floor 103.5 sq m (1,114 sq ft) Total : 3,898 Sq. Ft. TENANCY The property is let to HSBC BANK PLC on a fully repairing and insuring basis subject to a schedule of condition, for a term of 15 years until 16 June 2023 at an current rent of £26,500 per annum, exclusive of rates. The next rent review is on 17 June 2018. The lease contains an option for HSBC to take a new lease for a further term of 15 years on the same terms. RENT: £26,500 p.a. TENURE: Freehold VAT IS: Not Applicable PRICE: Offers in excess of £ 500,000 – 5.1% Net
Freehold Bank Investment Let to HSBC Bank Plc – Horsforth (Newly branded as HSBC-UK)
Type: General Retail, Office, Retail, Offices
88 Town Street, LS18 4ARGBLeedsWest YorkshireLS18 4AR88, Town Street