Meridian House Artist Street

The property comprises a former Mill type building with accommodation laid out on four floors and has its own private car park at the rear. The property is of traditional construction with walls built in brick with powder coated aluminium and glazed windows under a blue slated pitched roof. The car park is laid out at the rear. The accommodation benefits from partial feature brickwork, gas fired central heating, double glazed windows, Cat 2 lighting and suspended ceilings. There are W.C. facilities laid out on ground, first and second floor. The floor areas provided below are on a gross internal basis. There are approximately 13 car parking spaces.

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LOCATION

The property stands on the corner of Artist Street and Armley Road in an established area adjacent to industrial property, trade warehouses and office buildings. This section of Armley Road runs parallel to the Stanningley By-pass and is readily accessible for the centre of Leeds and the motorway network.

ACCOMMODATION:

Lower Ground Floor

458 SQUARE M, 4,930 SQUARE FT

Ground Floor

480 SQUARE M, 5166 SQUARE FT

First Floor

458 SQUARE M, 4,930 SQUARE FT

Second Floor

458 SQUARE M, 4,930 SQUARE FT

Location

We understand all mains services are connected to the property to include mains water, drainage, electric and gas. Gas fired central heating is installed. Please note that neither service connections nor any appliances have or will been tested prior to completion.

Planning

Whilst we have not had confirmation of the relevant planning consent it is assumed that the premises have planning consent for office use. There is an approval of Permitted Development Determination dated 17th October 2014 changing the use of the first and second floor B1 Offices to form flats. Copies of the planning permission are available on request.

The property has the following entries in the 2010 Rating Assessments List. Interested parties should confirm these with the Local Authority. Transitional relief may affect the rates payable quoted.

We understand the property is assessed for rating purposes as follows;

Warehouse & Premises part lower ground floor

Rateable Value – £14,500 Estimated rates payable – £6,960

Office & Premises at part ground floor

Rateable Value – £27,500 Estimated rates payable – £13,200

Office & Premises part lower ground, part ground & first floor

Rateable Value – £74,000 Estimated rates payable – £35,520

Office & Premises second floor

Rateable Value – £47,500 Estimated rates payable – £22,800

Available by way of a new full repairing and insuring lease at a term to be agreed. A deposit will be requested.

The property is offered to let on a 10-year Lease at an annual rental of £75,000 per annum. The freehold is available in the sum of £750,000. The Lease will be on full repairing and insuring terms.