Manor Park Surgery, Bellmont Close, Leeds, LS13
• Investment Property Let to Lloyds Pharmacy Limited
• Attached to Manor Park Surgery
• Unexpired Lease Term in excess of 9 Years
• Three Yearly Rent Reviews
• Rent Reviewed to the Greater of 3% per annum compounded or linked to RPI
• Current Rent is £50,578 per annum
The subject property comprises a purpose built retail pharmacy arranged over ground and lower ground floor with general retailing accommodation to the ground floor level and ancillary storage/preparation accommodation to the lower ground floor. Internally, the accommodation benefits from ceiling mounted air conditioning units, suspended ceilings with a mixture of recessed fluorescent strip lighting and recessed spot/downlighting.
The property is currently let to Lloyds Pharmacy Limited by way of an underlease dated 12th March 2007 for a term of 20 years on full repairing and insuring terms. The lease does not provide for any break options and is subject to 3 yearly upwards only rent reviews geared to the greater of 3% per annum compounded or linked to the RPI All Items Index. The next review is to be effected 12th March 2019.