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ADDRESS: 88 Town Street, Leeds, Horsforth, West Yorkshire, LS18 4AR • Let to HSBC Bank Plc in Prominent location • 3898 sq ft building with parking for 10 cars • Redevelopment opportunity should HSBC exercise break clause. • Newly branded as HSBC UK- see plans below
LOCATION Leeds is the principal commercial, financial and administrative centre for the North of England and serves a population of some 725,000. 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 Thomson, Leeds Building Society, Bradford & Bingley,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 3898 sq ft TENANCY The property is let to HSBC BANK PLC for a term of 15 years from 17 June 2008 at a rent of £26,500 per annum, exclusive of rates. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants, subject to a schedule of condition. The lease contains a tenant's option to break at the tenth year. The lease contains an option for HSBC to take a new lease for a further term of 15 years on the same terms but with a rent review on the second day of the term. RENT: £26,500 p.a. TENURE: Freehold VAT IS: Not Applicable PRICE: Offers in excess of £ 535,000 – 4.7% Net
Freehold Bank Investment Let to HSBC Bank Plc - Horsforth
Type: General Retail, Office, Retail, Offices
88 Town Street, LS18 4ARGBLeedsWest YorkshireLS18 4AR88, Town Street