Plans have now been submitted to revive Leeds oldest street; Kirkgate. The transformation of Leeds oldest street has been submitted by Think Architecture and features include new build apartments, a new public square, and a new pedestrianised street featuring retail and leisure space for independent businesses.
Paul Nathan-Geary of Geary & Associates, advising Cityfusion, stated:
The site is steeped in history. The proposal blends complimentary and sensitively designed new build space into the historic grain of restored heritage buildings.
New residents to the area will enjoy local independent businesses, a privately managed estate and gardens, and a public realm all on the doorstep of Leeds city centre, boasting the Corn Exchange, Leeds Markets and Arts District all a stone’s throw away.
As the revival of Kirkgate approaches, before you invest, ensure you carry out your due diligence by using The Leeds Law Firm, Ison Harrison to represent you in your venture. Ison Harrison are celebrating their 40th anniversary this year and know the market very well.
How can we help?
Our commercial Property team boosts over 20 years’ experience, with one Partner, four qualified solicitors and support staff who can guide you through the process an provide pragmatic commercial advice.
The services we can provide to help avoid the Pitfalls
Commercial leases:
A lease is a binding legal document, which means it is enforceable. Therefore, neither the Landlord nor Tenant can walk away from their obligations. Renting commercial premises for the first time can be a huge step for any business, not least the hefty financial commitment it can bring. As a Tenant and Landlord you must comply with the agreed Heads of Terms and Lease requirements. Without the right advice these conditions could be onerous on either party.
We will ensure you are fully aware of your rights and responsibilities throughout the tenancy and what you could be liable for. Both the Landlord and Tenant will assume different responsibilities for the duration of the lease; therefore you need to know who is liable for:
- Maintenance and repair both internally and externally/structure
- Negotiating break clauses
- Ensuring planning permission has been granted for the usage
- Ensuring the building meets all current access, fire and health and safety regulations
- Repair and decoration obligations
- Service Charges
- Planning Permission and Property Use Class
We will advise you on the above and much more ensuring you agree the best possible lease for what you require.
The Advantage of Ison Harrison
We will save you money over the duration of the lease; your interest will be protected with professional due diligence.
Disadvantage
We have legal fees like any other firm. However, we are competitive.
Commercial
Sales/Purchases
Have you decided to purchase a freehold commercial property? Investor, entrepreneur or initial startup?
If you purchase a commercial property, you will own it outright. Therefore, basically if you want to knock walls down you may, if you want to paint it green you may. You will benefit from the rise in market value, suffer if the property market falls and you can sell the property to anyone you wish. If you purchase a leasehold transaction, this will involve purchasing a lease on the Property.
Typically new long term commercial leases are granted for 999 years. The owner of a lease can sell the lease and make some changes to the property. However, they will need to do so under the terms of the leasehold contract, which will require obtaining the landlord’s consent. We can act for either the buyer or the seller and ensuring that proper due diligence is carried out and the parties are protected.
If you require assistance with commercial property, call 0113 284 5000 or alternatively email mailto:dhiran.mistry@isonharrison.co.uk to book an initial free consultation.
