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Thorntons Arc 691 SF Retail Condo Unit Offered at $392,726 in Leeds LS1 6LB
Investment Highlights
- A historic Arcade comprising of multiple large retailers
Executive Summary
The arcade mainly comprises independent boutique type businesses with some larger national multiples such as Charles Clinkard and Starbucks.
Property Facts
| Total Building Size | 27,608 SF | Floors | 4 |
| Property Type | Retail (Condo) | Typical Floor Size | 6,275 SF |
| Property Subtype | Storefront | Year Built | 1873 |
| Building Class | B | Lot Size | 0.44 AC |
| Total Building Size | 27,608 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 6,275 SF |
| Year Built | 1873 |
| Lot Size | 0.44 AC |
Amenities
- Atrium
- Security System
- Automatic Blinds
- Storage Space
- Air Conditioning
1 Unit Available
Unit 23
| Unit Size | 691 SF | Sale Type | Investment |
| Price | $392,726 | Tenure | Freehold |
| Price Per SF | $568.34 | Cap Rate | 6.61% |
| Condo Use | Retail | NOI | $25,959.85 |
| Unit Size | 691 SF |
| Price | $392,726 |
| Price Per SF | $568.34 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.61% |
| NOI | $25,959.85 |
Description
The property comprises a 3 storey mid-terrace property situated within a pedestrianised Grade II Listed shopping arcade in the centre of Leeds. The arcade mainly comprises independent boutique type businesses with some larger national multiples such as Charles Clinkard and Starbucks.
Sale Notes
The subject property is presently let to a hair salon/ barbers, occupying under a 10 year lease which runs until April 2031. The current passing rent is £19,500 pa, with a rent review due in April 2026.
The freehold property is available for sale subject to its existing tenancies at a guide price of £295,000. It is understood that VAT is not applicable.
Floor Plan
Nearby Major Retailers
Presented by
Adair Paxton
Thorntons Arc
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