Rifleman, 2 Carlton Parade, Leeds, LS7 1HA | Property for lease | Savills
0.75 Ac(0.30 Ha)
Rent on application

Rifleman2 Carlton Parade, Leeds, LS7 1HA

  • Under offer
Leisure
0.75 Ac (0.3 Ha)

Key features

  • Situated in a residential suburb close to Leeds city centre.
  • Leasehold – approximately 32 years unexpired
  • Large site comprises approximately 0.75 acres.
  • Multi let investment opportunity including public house, retail shop, three residential flats, associated garages and car park
  • Suitable for alternative use subject to planning

LEASE PREMIUM – MULTI LET INVESTMENT OPPORTUNITY – GUIDE PRICE £95,000

About this property

  • Description
    The property comprises a detached three storey building (above basement) of masonry / brick construction, partly rendered, sat beneath a number of pitched and flat roofs. To the ground floor is a public house and retail shop unit and to the first and second floors are three residential maisonette flats. Externally, to the rear, the property includes three garages as well as an electricity substation and car park.

    The public house provides a traditional two room operation with interconnecting bar servery. Ancillary trading facilities include a ground floor beer cellar and Customer WCs.

    Flat 1 has previously been included within the public house demise but may be sub let separately.

    The retail shop currently trades as Mace Stores. The current tenant is holding over on a former lease.

    Flat 2 is sub let on an Assured Shorthold Tenancy at a passing rent of £7,500 per annum.

    Flat 3 is currently vacant.

    Tenure
    Leasehold. The property is available to let by way of an assignment of the head lease dated 1 May 1972 for a term of 85 years from 1 June 1970. The passing rent is £25,000 per annum.

    The lease is full repairing and insuring with rent reviews every 14 years, the next review is due on 1 June 2026. The basis of the rent review is to the Open Market assuming a commercial use disregarding tenants’ improvements and licensed use. The permitted use under the lease is licensed premises, shops, maisonettes, garages and sub-station. Alienation of the whole or part is permitted with landlord’s consent, not to be unreasonably withheld.

    Occupation
    Please refer to the attached brochure regarding lease and rent details for each property type.

    Lease Premium
    Offers in the region of £95,000.

    VAT & Stamp Duty Land Tax
    VAT and SDLT may be applicable at the prevailing rate.

    Planning & Conservation
    Under the Town and Country Planning (Use Classes) Order 1987 (as amended) we understand the mixed use subject property benefits from Classes sui generis, E and C4 to accommodate for a public house, retail space, and residential flats.

    We understand the property is not listed nor located in a Conservation Area / AONB / Green Belt land.

    Licensing
    The property has been granted a Premises Licence in accordance with the Licensing Act 2003.

    Rating
    The subject properties are entered in the 2023 Central Rating List as below:

    Leeds Rifleman Pub - £2,150
    Shop - £3,850

    Council Tax
    Flat 1 - Band A
    Flat 2 - Band A
    Flat 3 - Deleted

    Energy Performance Certificate
    Please refer to the brochure.

    VAT
    Figures stated are exclusive of VAT (if applicable). VAT and SDLT may be applicable at the prevailing rate.

    Legal Costs
    Each party to be responsible for their own legal and professional costs incurred in this transaction.

    Viewing
    All viewings must be arranged strictly by appointment with the sole selling agents Savills.

    Anti Money Laundering Regulations
    Money Laundering Regulations may require Savills to conduct checks upon all purchasers. Prospective purchasers may need to provide proof of identity and residence.

Local information

  • The property is located within the heart of the Little London, a predominantly residential suburb approximately 0.7 miles north of Leeds City Centre in West Yorkshire. The property stands in a prominent position at the head of Carlton Carr, a residential cul de sac leading directly from the busy Lovell Park Road. To the rear there is secondary access from Carlton Gate. The property is well connected by strong local transport links in and out of Leeds City Centre. The A61 is accessible approximately one mile to the north which provides onward access to major road networks including the A64(M) ring road and the M621. Leeds train station, a mainline railway station, is approximately one mile to the south and the nearest bus station is located on Oatland Road, approximately 0.1 miles to the north east.