Knowsthorpe Lane, Leeds

Investment

Description

Approximately 2 miles from junction 45 of the M1 motorway via the dual carriage A63 and 1 mile from Leeds city centre.

THE PROPERTY

A 34,000 sq ft modern industrial unit constructed in 2004 providing the following: -

- High quality two storey offices of 3,400 sq ft on 2 floors

- 8m clear eaves height

- Large secured service yard with palisade security fence

- 3 full height electrically operated roller shutter doors

TENANCY

Lease: A 15 year term from 29th September 2004 expiry 29th September 2019 thus has 6 years unexpired.

Passing rent: £168,300 per annum subject to fixed annual uplifts throughout the term.

Tenant: Alternative Windows (Leeds) Ltd who have a Dun & Bradstreet rating of 2A3 and a net worth of £1.049m.

PROPOSAL

Offers are invited in excess of £1.76m showing a net initial yield of 9% going up in annual increments to 9.7% in the final year of the term.

Status Sold
Type Investment
To Let/For Sale For Sale

Address

Knowsthorpe Lane, Leeds
Leeds
LS9 0JP

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Take a look at this property

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