Prime Industrial Investment
Summary
- Let to Evri Limited - Experian Credit Score 100/100
- Low passing rent of £8.25 psf
- Freehold
- Offers in excess of £875,000 Net Initial Yield of 7.74%
Accommodation
The accommodation comprises the following areas:
| Description | sq ft | sq m |
| Warehouse | 6,848 | 636.20 |
| Office | 1,822 | 169.27 |
| Total | 8,670 | 805.47 |
Location
The property is situated in a prime location in Leeds. It is circa one mile southwest of the city centre which is one of the UK’s “big 6” cities.
The property is set back from Wellington Road, approximately 100 meters southwest of the A643 dual carriageway, one of the main routes into Leeds which connects with junction 2 of the M621.
The surrounding area is an established mixed commercial location, with nearby occupiers including trade, industrial, motor-related and service-based businesses. The position is well suited to last mile occupiers seeking to serve the wider Leeds conurbation.
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Mainline Stations
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Leeds18 mins
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Burley Park28 mins
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Cottingley35 mins
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Headingley40 mins
Underground Station
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Chesham2889 mins
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Amersham2931 mins
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Chalfont and Latimer2949 mins
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Chorleywood2976 mins
Further Information
Price Offers in excess of £875,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as D
Description
The property comprises a fully refurbished detached warehouse with two storey offices, set within a secure fenced, hard standing yard.
The warehouse is positioned to the rear of the site and is of modern steel portal frame construction, with metal clad elevations and an asbestos sheet roof. The offices for the property adjoin the warehouse. Loading to the warehouse is via a full height roller shutter door. The clear eaves height of the property is circa 4.25m.
Access to the property is from Wellington Road across an unadopted highway part of which is owned by Leeds City Council.
Tenure
The property is held Freehold: Title Number - WYK123428.
VAT
The property is elected for VAT, but it is anticipated that the sale will be structured as a Transfer of a Going Concern (TOGC) in which case VAT
won’t be payable.
AML
The purchaser will need to satisfy the Anti Money Laundering policies of the sales agent and the Vendor client. This is usually two forms of identification for the ultimate beneficial owner of the acquiring company and confirmation of the source of funding from the successful purchaser. To be provided upon agreeing the Heads of Terms.
Tenancy
The property is let at a passing rent of £71,528pa (£8.25psf excluding mezzanine) on a Full Repairing and Insuring lease to Evri Limited. The lease is for a term from 13th September 2024 to 31st January 2030. Sections 24 to 28 of the 1954 act are excluded from the lease and the terms are subject to a schedule of condition.
Gallery
