Wrays Building

Description

• Leeds is the principal commercial, financial, and cultural hub of West Yorkshire and one of the fastest-growing cities in the UK.
• The subject property is a landmark Grade II listed mixed-use investment opportunity, occupying an extremely prominent corner position in Leeds City Centre, adjacent to the Victoria Quarter Shopping Centre and Victoria Leeds Shopping Centre.
• Leeds was named by The Sunday Times as The Best Place to Live in the North and North East in 2024.
• The subject property is centrally located in Leeds City Centre and is a 100 meter walk from the prime retailing pitch of Briggate.
• The property is let to Caffè Nero, Subway, Futon Company and Rand Coffee Roastery, all on new leases.
• Current commercial income of £212,000 per annum.
• WAULT of 8.88 years to expiry and 4.47 years to break.
• The property benefits from planning permission to create 16 residential units above the existing retail space. Application numbers: 23/07270/FU and 23/07271/LI.
• Freehold extending to 19,757 sq ft equating ta low capital value of £202psf.