Unit 5 Limewood Approach

Investment

Description

UNIT 5 LIMEWOOD APPROACH, LEEDS ,LS14 1NH

Investment

  • Well located trade counter/industrial unit fronting Limewood Approach, just off the A6120 Leeds Ring Road.
  • Development completed in 2019 on a modern trade park estate.
  • The property is let on a 9 year lease from June 2021 with Tenants break options at years 3 and 6.
  • Good covenant strength with the Tenant Premier Pipework Ltd having an Experian Score of 80/100.
  • Commencing of £36,250 pa.
  • Offers in excess of £505,000 reflecting a net initial yield of 6.75% after graduated purchasers costs.

The property is to be sold on the basis of a new ground lease with expiry in 2125 at a rental of £500 pa, the ground rent is reviewable in 2033 and 25 years thereafter to RPI in line with the head lease.

Status Available
Type Investment
Size 3,600 sq ft

Address

Unit 5 Limewood Park
Leeds
LS14 1NH

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Take a look at this property

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