Sold

Leeds – Prime Well Secured Office

3100 Century Way, Thorpe Park, Leeds, LS15 8ZB

Property Type:
Commercial
Sub Type:
Office

Description

  • Leeds is the third largest city in the UK with the largest regional economy outside of London, and a skilled workforce of 1.4 million people.
  • Modern office building prominently situated within Thorpe Park, Leeds benefitting from 109 car park spaces.
  • Thorpe Park, Leeds is one of the North of England’s most prestigious mixed use retail, leisure and business communities and is the premier business park on the outskirts of Leeds.
  • The property is fully let to the 5A1 covenant of Atkins Limited and the 5A2 covenant of Birdseye Limited.
  • Overall rent passing of £442,500 per annum which equates to £18.50 per sq ft.
  • Future rental growth prospects with top rents in the park achieving £22.50 per sq ft.
  • WAULT of 9.09 years to expiries (5.09 years to breaks).
  • High quality office space providing 2,218 sq m (23,880 sq ft) over ground and first floors.
  • The space has been recently refurbished to a very high standard.
  • Strong car parking ratio of 1:219 sq ft.
  • Virtual freehold.We are instructed to seek offers in excess of £5,950,000 reflecting an attractive net initial yield of 7.00% having allowed for standard purchaser costs of 6.63% and a low capital value of approximately £249 per sq ft.