The main access to the site is off Kidacre Street on the eastern perimeter. The site is mostly hardstanding with an existing brick built building (Pottery Fields House) and other associated smaller buildings and car park. Pottery Fields House was formerly used as a depot with offices and workshops. The remainder of the site consists of a mostly wooded area with foliage. The site is generally flat in terms of topography.
The extent of the site shown outlined in red on the plan is currently subject a lease to Goodman Retail Ltd. and generates £50,000 pa, with further details available in the data room.
In addition, JC Decaux pay an annual rent of £12,500 pa for 4 advertising boards on the perimeter of the site and there is a lease to Arqiva relating to the telecommunications mast on the land roughly edged green on the plan, as well as Wayleave agreement in favour of City Fibre (further details available in the data room).
The land to the south of the site (edged blue on the plan) comprises of two former gas holders which are now void and are potentially available by way of separate negotiation with Owen Holder (details below) on behalf of Northern Gas Networks.
For the NGN land – Parties should contact
Owen Holder Holder & Co
T 07917 052309
E owen@holderandco.com
The site is shown within the Leeds City Centre Boundary identified on the Leeds Local Plan Policies Map under Policy CC2 of the Leeds Unitary Development Plan but is not allocated for a particular use.
The site is situated within a safeguarded area (surface) of High Speed Rail 2 (HS2) as part of Phase 2b: West Midlands to Leeds. The government canceled the proposed Eastern leg of the HS2 high-speed rail line to Leeds in 2021 but plans and further information can be obtained from the HS2 website.
The majority of the site falls within Flood Zone 1 with part of the eastern boundary falling within Flood Zone 2.
Interested parties are advised to review the Title Summary Report available on the data room, as well as to make enquiries with utilities providers for up to date information and with Leeds City Council regarding planning.
Recent planning applications in the area include:
City One, Leeds:
Outline Planning Application for the demolition of the existing substation, creation of a mixed-use multi-level development comprising residential (BtR), commercial (offices and leisure), hotel and a travel hub. Ref: 22/04827/OT, decision currently pending. Historic applications on the site for mixed-use developments were approved Ref: 10/00923/OT and 20/476/02/OT.
Sweet Street, Leeds:
Hybrid planning application for full planning permission for construction of a mixed use scheme including: 15 storey residential building providing 451 dwellings, commercial space, 8 storey office building and pavilion building. Outline application for mixeduse development comprising a maximum of 900 dwellings, a maximum of 7,000 sqm of office space, a maximum of 200 sqm of commercial floorspace and drinking establishment. Ref: 22/04400/ FU. Decision currently pending.
The estimated population of Leeds in 2021 was 811,953 and it is projected to grow to 842,115 by 2043. It has a young age profile to the population with 67% within the 15 to 64 age group. It also has a high level of 406,700 people who are economically active.
Leeds is home to nine local universities, the highest concentration in Europe.
Leeds is the UK’s fastest growing city and is the main driver of a city region with a £64.6 billion economy.
Over 32,000 VAT-registered businesses are based in Leeds and more than 6,000 small and medium-size enterprises.
More than £3.9 billion has been invested in large scale development projects over the last decade and there is a further £7.3 billion worth of development under construction and in the pipeline.
Over the next ten years, the economy is forecast to grow by 21% with financial and business services set to generate over half of GVA growth over that period.
Leeds is circa two-hour travel time from both the Port of Liverpool in the west, and the Port of Hull in the east.
Source: observatory.leeds.gov.uk & leeds.gov.uk
Factual environmental information relating to the site is provided in the Land Condition Summary Statement and redacted Environmental Reports.
Further information on the site is available in the documents section.
We understand that the site is elected for VAT and therefore VAT may be chargeable on the sale.
Both unconditional and conditional offers for the freehold interest of the National Grid land with limited title guarantee, are invited by way of informal tender on or before Noon April 19th 2024. However, the seller’s strong preference is for unconditional offers. Details on the requirements for offers will be released to interested parties prior to the offer deadline. However, all offers should confirm that the seller’s non-negotiable environmental provisions are accepted.
Please note that offers subject to the acquisition of the Northern Gas Network land (edged blue on the aerial) will not be considered.
BNP Paribas Real Estate (BNP PRE) must comply with Anti Money Laundering Regulations. As part of this requirement, BNP PRE must obtain evidence of the identity and proof of address of potential buyers. Prior to an offer being accepted, all parties who are purchasing must provide the necessary evidence.
Viewings are strictly by appointment only, with specific viewing dates to be announced to interested parties. Interested parties should note that BNP PRE take no responsibility for any injury or accident at the site. Viewers and visitors of the Properties do so at their own risk.
For more information, access to the data room or to arrange a viewing, please contact the sole agent:
Iain Cairns
T 07881 249 670
E iain.cairns@realestate.bnpparibas
Alex Willis
T 07899 060 247
E alex.willis@realestate.bnpparibas
Iain Cairns
Minerva 29
East Parade
Leeds LS1 5PS
0113 237 6683
07881 249670
Alex Willis
8th Floor Fountain Precinct
Balm Green
Sheffield
S1 2JA
0114 263 9200
07899 060247
