Canal Street, Leeds

• Freehold development opportunity extending to circa 12.31 acres (4.98 hectares)
• Potential for development of residential and commercial uses subject to planning
• Located adjacent to the A647, A58 and A643, circa 1 mile north of J2 of the M621, providing direct access to the UK Motorway Network
• 1 mile south west of Leeds City Centre
• Less than 1 mile west of Leeds Train Station and 7.5 miles south of Leeds Bradford Airport

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The Property extends to circa 12.31 acres (4.98 hectares) in total split across Freehold titles WYK706319 and WYK691490. It comprises two parcels of land known as the Training Centre (Parcel A) and the Gyratory site (Parcel B) as edged red on the plan below. The land edged red and shaded green on the plan below is owned by Northern Gas Networks and therefore does not form part of the Property to be sold.

Parcels A and B are linked by an underpass beneath the western carriageway of the Armley Gyratory. The Property has an access point onto the western bound dual carriageway of Canal Street (A647) but the main point of access in recent years has been from the western side of the Armley Gyratory – a short slip road in the ownership of Leeds City Council which splits giving access to the Gyratory land by an underpass. The Gyratory land also has historic access from the north side of the Gyratory.

Parcel A extends to approximately 6.50 acres and rises towards its western boundary. The buildings have now been demolished to slab, with tarmacked parking areas, as well as grass on the remainder.

Parcel B extends to approximately 5.81 acres and was formerly operated as a car park situated within the Armley Gyratory roundabout. It is accessed via the underpass and comprises predominantly concrete hardstanding with areas of vegetation on the boundaries.

The land immediately to the west and south is owned by Leeds City Council (LCC) and extends to approximately 5.23 acres. This land is potentially available for sale by separate negotiation with LCC.

The Property benefits from a Call Option made between the Council and the vendor in the vendor’s favour allowing it to purchase part of the Council’s land including and surrounding the slip road. This option benefit is assignable to successors in title. (Further information is available in the data room).