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75 Queen St 2,342 SF Retail Building Leeds LS27 8EB $371,851 CAD ($158.78 CAD/SF) 9.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominently positioned
- Period building
- Self contained Restaurant premises being fully let on a new 10 year lease
EXECUTIVE SUMMARY
The property is let in it’s entirety to a private individual trading as Spice Lounge. The property is let from 21 October 2025 on a 10 year straight FRI lease at £19,020 per annum. There are 12 monthly rent reviews within the current lease. A copy of which is available on request.
Offers in excess of £200,000 are sought for the freehold interest, this shows a NIY of 9.3% taking into account usual purchaser’s costs.
Offers in excess of £200,000 are sought for the freehold interest, this shows a NIY of 9.3% taking into account usual purchaser’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,342 SF
Building Class
C
Year Built
1990
Price
$371,851 CAD
Price Per SF
$158.78 CAD
Cap Rate
9.30%
NOI
$34,582 CAD
Tenancy
Single
Building Height
4 Stories
Building FAR
1.83
Lot Size
0.03 AC
Frontage
23’ on Queen Street
AMENITIES
- 24 Hour Access
- Bus Line
- Commuter Rail
- Storage Space
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NEARBY MAJOR RETAILERS
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75 Queen St
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