Land on Valley Farm Road, Stourton, Nr Leeds, West Yorkshire, LS10 1SD

car park investment producing £15,700 per annum

Location

The land is situated off Valley Farm Road which is accessed directly from Junction 7 of the M621 Motorway. Adjoining occupiers include the Leeds Freightliner Rail Terminal, ASD Plc and Leed Containerbase.

Description

The sites are used for car parking in conjunction with the adjoining Freightliner Rail Terminal.

Site Area

Approximately 972 sq m (1,163 sq yds).

Costs

The purchaser will make a contribution of £4,000 plus VAT towards the Vendor's legal and surveyors fees.

Tenure

Freehold.

Tenancy

Tenant  Agreement  Rental 
Freightliner Ltd  25 year lease from 01/04/2009*  £15,700 plus VAT pa 
* There are tenant operable break clauses at every fifth anniversary of the lease. Rent reviews are every 5 years in line with RPI. 

General

1. The land is accessed over Valley Farm Road which is a shared industrial estate road. Further details are available from the Auctioneer's Office or via our website - www.pugh-auctions.com.
2. The buyer will be obliged to enter into a deed of covenant with Freightliner Limited on completion of the transfer in relation to the property. A draft form of this deed is available from the Auctioneer’s Office or via our website - www.pugh-auctions.com.

VAT

VAT at the prevailing rate is payable in addition to the gavel price.

Solicitors

Winckworth Sherwood, Minerva House, 5 Montague Close, London, SE1 9BB.
Tel: 020 7593 5000. Fax: 020 7593 5099. E-mail: lstevens@wslaw.co.uk.
Contact: Mr Leo Stevens.

Addendum

The sale of the site is conditional on Network Rail Infrastructure Limited completing the lease with Freightliner Limited and Freightliner Limited surrendering the lease dated 12 November 2004 on or before 9 March 2010. The signed counterpart lease is in the process of being executed and should be completed by 3rd March. Further information and a copy of the draft lease is available in the legal documentation via our website - www.pugh-auctions.com.