Abbey Mills, Abbey Road, Leeds, West Yorkshire LS5 3HP

Sold for

£687,000

Additional Costs / Fees will apply

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Property Details

Location

Auction Details

Description

WILL NOT BE SOLD PRIOR TO AUCTION.

A freehold, Grade II-listed former mill complex, extending to approximately 2,661 sq m (28,632 sq ft) and on a site of approximately 0.54 hectares (1.32 acres). The site is currently owned and managed by Leeds City Council after it acquired the property in 1965 and thereafter leased it for a range of light industrial/commercial uses. Two units are currently tenanted and the lease details can be found in the legal pack. Pugh & Co has not been able to inspect all the units but understands all require extensive renovation and buyers must satisfy themselves in this regard. The site may be suitable for redevelopment/conversion to residential accommodation or otherwise, subject to the necessary consents.

Location

The site is located off Abbey Road (A65) in Kirkstall, approximately 3 miles west of Leeds city centre and 8 miles east of Bradford city centre. The immediate local area is of mixed-use, with both residential dwellings nearby along with national commercial occupiers such as Timpson, Morrisons, JD Sports, Starbucks, and Home Bargains.

Planning

To the north of the site is Kirkstall Abbey Conservation Area and the Grade I-listed Kirkstall Abbey itself. As such any development on this site must seek to preserve the character of the existing listed buildings. To bring about the refurbishment of the listed complex, some elements of the listed buildings may, with adequate justification, be demolished to improve the vehicular access. The sites proximity to the nearby retail centre, the good infrastructure link, and the local sports centre make it ideal for residential use. In particular the site would be suitable for schemes for elderly people or other users where the access to local services is likely to be especially favourable. Other favoured users would include community uses and employment.

Tenancy

Building	Tenant	Lease Term	Annual Rent
Unit 10	Building Restoration & Cleaning (Leeds)	Commenced 1996; holding over	£2,800
Unit 3	P I McGlade	Commenced 1981; holding over	£3,780
Electricity sub-station	Yorkshire Electricity Group plc	Commenced 1992; 60 years
Total			£6,580

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. Will not be sold prior to auction.

3. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 21ST FEBRUARY AND CLOSES ON WEDNESDAY 22ND FEBRUARY.

4. The site contains advertising hoardings, fronting the A65, that are let to JCDecaux. Copies of the Notification that JC Decaux will remove the advertising hoarding from the site on or before 7 March 2023 are contained within the legal pack.