Single let Restaurant over ground floor and basement with upper floor residential ground rent income - Freehold

Key Points

• Established restaurant operator with 4+ years trading history
• Total income £37,200 per annum
• Prominent terraced unit on Kirkgate with ground floor and basement configured for F&B / retail use
• Strong fit out by current tenant
• Sought-after pitch with improving prospects due to the Leeds market improvements
• EPC C
• Freehold

Description

Investment sale: ground floor restaurant and upper floor residential ground rent income

30–31 Kirkgate is an attractive double-fronted period property offering a prominent ground floor restaurant with basement storage and ancillary accommodation.

The ground floor has been fully fitted out to a high standard by the current tenant, featuring a well-equipped commercial kitchen alongside an inviting open-plan dining area, creating an appealing and ready-to-operate hospitality space. The basement provides useful storage facilities and additional ancillary space.

The upper floors comprise self-contained residential apartments, accessed independently via a dedicated entrance, providing clear separation between the commercial and residential elements.

To the rear, the property benefits from access to a service yard off Harper Street, allowing convenient servicing and deliveries. The restaurant also enjoys outdoor seating to the front, enhancing customer appeal and street presence.

Location

The property occupies a prominent position fronting Kirkgate, benefitting from strong visibility on one of Leeds’ most historic and well-established retail streets. Located to the east of Leeds city centre, Kirkgate is recognised as the city’s oldest retail thoroughfare and continues to evolve as a vibrant mixed-use destination.

The location benefits from excellent connectivity, situated just a five-minute walk from Leeds Bus Station and approximately ten minutes from Leeds Railway Station, providing convenient access for both customers and staff.

Kirkgate has become an increasingly dynamic destination throughout both the day and evening economies, with a number of surrounding buildings and retail units having undergone sympathetic refurbishment and subsequent reoccupation by high-quality independent operators, contributing to the area’s continued regeneration and renewed vitality.

The surrounding occupiers include a strong mix of established and emerging independent businesses such as Wapentake Café Bar, Blue Collar Barbering, Doghouse Bagel Shop & Bar, Koncept Studio, LeSon, Lamb & Flag, Fred Aldous, Crowd of Favours, and the recently refurbished Grade II* listed First White Cloth Hall, further enhancing the appeal and character of the immediate area.