Freehold Development Opportunity
Summary
- freehold development opportunity extending to circa 5.9 acres (2.4 hectares)
- Potential for development of commercial and residential uses subject to planning
- Current passing rent of £62,500 per annum for leases on part of the site
- Located off A653, 0.5 miles from J3 of M621 westbound and is 3.5 miles from the M1(J45)
- 0.9 miles south of Leeds City Centre
- 0.6 miles south of Leeds Train Station and 10.7 miles from Leeds Bradford Airport
Location
The site is situated within the South Bank area of Leeds in West Yorkshire. It is circa 0.9 miles south of Leeds City Centre. The site is located off
Kidacre Street with access to the A653 and M621.
The surrounding area includes Crown Point Shopping Centre to the east, car dealerships to the west and commercial uses (predominantly office and industrial) to the south and north, including Leeds City Office Park.
The nearest train station is Leeds Train Station which offers direct connections to London (2 hours 15 minutes), Birmingham (1 hour 55 minutes) and Edinburgh (2 hours and 55 minutes).
Get directions from Google Maps
Mainline Stations
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Leeds12 mins
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Burley Park44 mins
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Cottingley44 mins
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Headingley58 mins
Underground Station
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Chesham2877 mins
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Amersham2919 mins
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Chalfont and Latimer2936 mins
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Chorleywood2963 mins
Further Information
Rates Payable Upon Enquiry
Description
The main access to the site is off Kidacre Street on the eastern perimeter. The site is mostly hardstanding with an existing brick built building (Pottery Fields House) and other associated smaller buildings and car park. Pottery Fields House was formerly used as a depot with offices and workshops. The remainder of the site consists of a mostly wooded area with foliage. The site is generally flat in terms of topography.
The extent of the site shown outlined in red on the plan is currently subject a lease to Goodman Retail Ltd. and generates £50,000 pa, with further details available in the data room.
In addition, JC Decaux pay an annual rent of £12,500 pa for 4 advertising boards on the perimeter of the site and there is a lease to Arqiva relating to the telecommunications mast on the land roughly edged green on the plan, as well as Wayleave agreement in favour of City Fibre (further details available in the data room).
The land to the south of the site (edged blue on the plan) comprises of two former gas holders which are
now void and are potentially available by way of separate negotiation with Owen Holder (details below) on behalf of Northern Gas Networks.
For the NGN land – Parties should contact
Owen Holder Holder & Co
T 07917 052309
E owen@holderandco.com
Viewings
Viewings are strictly by appointment only, with specific viewing dates to be announced to interested parties. Interested parties should note that BNPPRE take no responsibility for any injury or accident at the site. Viewers and visitors of the Properties do so at their own risk.
Data Room
Further information on the site is available in the data room http://kidacrestreet-leeds.co.uk
• Title Documents &Title Summary Report
• Topographical Survey
• Land Condition Summary Statement and redacted
Environmental Reports
• Draft Heads of Terms (including
Method of Sale
Both unconditional and conditional offers for the freehold interest of the National Grid land with limited title guarantee, are invited by way of informal tender on or before Noon April 19th 2024. However, the seller’s strong preference is for unconditional offers. Details on the requirements for offers will be released to interested parties prior to the offer deadline. However, all offers should confirm that the seller’s non negotiable environmental provisions are accepted.
Please note that offers subject to the acquisition of the Northern Gas Network land (edged blue on the aerial) will not be considered.
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