Fully Let, Modern Office Investment Opportunity on an established business park close to J47 of the M1 motorway
Summary
- Fully let office investment
- Ideal SIPP Purchase
- Modern specification
- Excellent location
- Dedicated car parking
- 1,512 sq ft NIA
- EPC 'B' Rating
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Civil Enforcement Agents Ltd | 768 | 71.35 | Let |
| 1st - Fullbrook Ventures | 744 | 69.12 | Let |
| Total | 1,512 | 140.47 |
Location
The property occupies a prominent position on the popular Fusion Court development enjoying superb connectivity to Leeds City Centre and the M1/A1(M) corridor. The property is located on Aberford Road (A642), which provides direct access to Junction 47 of the M1 less than 1 mile to the East and access to Leeds outer Ring Road within 3 miles.
Garforth train station offering frequent services to Leeds, Manchester and York is situated within 250m of the development.
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Mainline Stations
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Garforth5 mins
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East Garforth9 mins
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Micklefield41 mins
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Cross Gates60 mins
Underground Station
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Chesham2859 mins
-
Amersham2901 mins
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Chalfont and Latimer2917 mins
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Chorleywood2942 mins
Further Information
Rates Payable £5.84 per sq ft
EPC Rating This property has been graded as B (43)
Description
The property comprises a fully-let, modern two-storey pavilion style end of terrace office building providing flexible accommodation with dedicated car parking and constructed to a high specification, including:
- Suspended ceilings
- LED Lighting (in part)
- Fully carpeted offices
- DDA compliant Ground Floor level
- Male and female WCs at first floor level
- Gas fired central heating
- Intruder alarm
- 5 car parking spaces
Investment Summary & Proposal
- Self-contained office investment totaling approx. 1,512 sq ft NIA.
- Long Leasehold (approximately 980 years unexpired)
- WAULT to break 9 months
- WAULT to lease expiry 3 years 3 months
- We are seeking offers, Subject to Contract, in excess of £250,000 for the long leasehold interest, subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.95% allowing for purchaser’s costs of 2.60%.
- The quoting price reflects a low Capital Value of just £165.34 psf
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