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.