Kirkstall Road A stunning mixed use development opportunity on a site of 6 acres

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Doris Sharp
6 years ago
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1 Kirkstall Road A stunning mixed use development opportunity on a site of 6 acres

2 Distances NEWCASTLE UPON TYNE M1 M62 Leeds Bradford Airport 6.5 Miles 6.9 Miles 8.7 Miles PENRITH A66 DURHAM M1 Leeds Train Station 1.0 Miles The site is located on Kirkstall Road (A65) which is one of the busiest arterial routes in the north of England, and at the gateway to Leeds City Centre. The A65 is one of the main commuter routes to the north west suburbs, but also provides direct access to the city centre and the national motorway network via the M621. M6 45 MILES - 1 HR 7 MINS BY CAR M1 HARROGATE BRADFORD M62 WAKEFIELD LEEDS YORK 16 MILES - 35 MINUTES BY CAR HULL M180 LIVERPOOL M53 M6 MANCHESTER SHEFFIELD M1 M1 A1(M) 74 MILES - 1 HR 33 MINS BY CAR NOTTINGHAM

3 Local Map BURLEY ROAD UNIVERSITY OF LEEDS A660 A65 KIRKSTALL ROAD The Site INNER RING ROAD EASTGATE A647 CANAL STREET A65 WELLINGTON STREET LEEDS CITY CENTRE A647 LEEDS TRAIN STATION B6154 TONG ROAD WELLINGTON ROAD A58 WATER LANE

From The Air LEEDS ARENA QUARRY HILL BUS STATION LEEDS CITY CENTRE TRINITY LEEDS LEEDS TRAIN STATION BRIDGEWATER PLACE LEEDS GENERAL INFIRMARY PARK SQUARE WELLINGTON STREET WELLINGTON PLACE 1 PARK

4 From The Air LEEDS ARENA QUARRY HILL BUS STATION LEEDS CITY CENTRE TRINITY LEEDS LEEDS TRAIN STATION BRIDGEWATER PLACE LEEDS GENERAL INFIRMARY PARK SQUARE WELLINGTON STREET WELLINGTON PLACE 1 PARK LANE WOODHOUSE SQUARE LEEDS CITY COLLEGE BRITISH TELECOM IBIS HOTEL INNER RING ROAD QUOD MIXED-USE DEVELOPMENT SITE CITY ISLAND BURLEY ROAD THE TANNERY (STUDENT) KHAN DESIGN PREMIER INN GROSVENOR CASINO TGI FRIDAYS OPAL 1 (STUDENT) HOLIDAY INN KIRKSTALL ROAD MERCER PROPOSED RESIDENTIAL DEVELOPMENT POWER LEAGUE RIVER AIRE The Site STRATA RESIDENTIAL DEVELOPMENT

5 Take A Closer Look OPAL 1 (STUDENT) THE TANNERY (STUDENT) KIRKSTALL ROAD The Site MERCER PROPOSED RESIDENTIAL DEVELOPMENT STRATA RESIDENTIAL DEVELOPMENT RIVER AIRE

6 H FOSTER & CO MARSHALL CDP BENFIELD FORD The Site MERCER The Site Kirkstall Road, Leeds, represents a rare opportunity to acquire a significant 6 acre site on the fringe of Leeds City Centre. Forming part of the Kirkstall Road Renaissance Area, the site offers significant potential for mixed use development subject to planning.

7 Planning The site lies within a changing mixed use area. Whilst the Kirkstall Road Renaissance Area Planning Framework suggests this site and the surrounding area should be developed for employment uses, the emerging Site Allocations document indicates a more flexible approach with potential for a mix of uses. This approach is also reflected in the planning permission for the adjacent site. Furthermore, the recent consideration of the site by Leeds City Council Members suggests that the redevelopment of the site for residential as a whole should not be ruled out. The site has historically been in Sui Generis use, which is not a traditional employment use and therefore not protected for employment purposes by adopted planning policy. However, due to its sustainable location and historic use, it also has potential to be developed for employment uses (Use Class B1(c), B2,B8). Subject to the sequential approach there is also potential for part of the site to be redeveloped for office use.

8 Kirkstall Road Renaissance Area -The Vision To ensure the redevelopment of the framework area achieves the aims of Vision for Leeds II. To maximise the area s strategic location as a key connector between the city centre, local communities of Burley and Kirkstall and the waterfront. To create a new urban character with strong urban form, new frontages to boulevards and river fronts and inner block faces providing an attractive transition between the city centre and the neighbouring areas. To create an urban area with its own distinctive identity and sense of place, thus realising the broader vision of Renaissance Leeds and aims of the UDP and Leeds City Centre Urban Design Strategy (CCUDS). To improve access to the area particularly for pedestrians, cyclists and public transport users. It is the council s long term aim to provide integrated footpath and cycle links throughout the whole of the Kirkstall Valley to improve access both along and across the valley. To create an attractive, safe and vibrant public realm which will: - Provide amenity and recreational space for local people; residents workers. - Enable closer integration with adjoining neighbourhoods. - Act as a catalyst for regeneration and link into the adjoining West Leeds Gateway Area Action Plan to the south of the canal.

9 Ground Floor Podium Level Indicative Masterplan - SOM Architects Indicative Masterplan - SOM Architects

10 Typical Tower Level Roof Level Indicative Masterplan - SOM Architects Indicative Masterplan - SOM Architects

11 Tenancy Schedule There are a number of buildings on site providing a total of 78,263 sq ft which are currently let on the following basis: Address Demise Tenant Area (sq ft) Rent pa Start date Expiry date Kirkstall Road 67 Leeds Independent Studios Ltd 45,011 27,000 01/05/14 30/04/19 Kirkstall Road 79 JP McDougall & Co Ltd 5,692 34,585 23/07/14 22/07/19 Kirkstall Road 81 Leeds Independent Studios Ltd 27,560 See comments 01/05/14 30/04/19 Kirkstall Road Sub-station Northern Powergrid Limited Comments 1. Contracted out lease. 2. Landlord and Tenant break option on 6 months notice at anytime. 1. Contracted out lease. 2. Landlord and Tenant break option on 12 months notice at anytime. 1. Contracted out lease. 2. Landlord and Tenant break option on 6 months notice at anytime. 3. Rent calculated on 30% of tenants gross income. Turnover rent received for period 1/5/14 31/3/15 = 11,640 Northern Powergrid have expressed their desire to formally document their presence of an on-site substation. Tenure Freehold.

Contact Further information hosted in a data room is available on request from the joint selling agents. Richard Harris Rich.Harris@eu.jll.com Duncan Senior DSenior@wsbproperty.co.uk Adam Mobley AMobley@wsbproperty.

12 Contact Further information hosted in a data room is available on request from the joint selling agents. Richard Harris Rich.Harris@eu.jll.com Duncan Senior DSenior@wsbproperty.co.uk Adam Mobley AMobley@wsbproperty.co.uk MISDESCRIPTION ACT 1991: JLL and WSB Property Consultants LLP (WSB) for themselves and for the vendors or lessors of this property for whom they act, give notice that: (i) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of any offer or contract; (ii) JLL and WSB cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy; (iii) no employee of JLL and WSB has any authority to make or give any representation or warranty or enter into any contract whatever in relation to this property; (iv) rents quoted in these particulars may be subject to VAT in addition; and (v) JLL and WSB will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars. The date of this publication is June Designed & Produced by HC advertising

Freehold Leisure Investment Opportunity. trugym, Yarm Road, Stockton on Tees TS18 3SF

Freehold Leisure Investment Opportunity trugym, Yarm Road, Stockton on Tees TS18 3SF Investment Considerations Well located in an established commercial area to the south of Stockton on Tees town centre