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Units 1-4 Whitehall Industrial Estate, Ashfield Way, Leeds LS12 5JB

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Units 1-4 Whitehall Industrial Estate, Ashfield Way, Leeds LS12 5JB

Freehold

£2,000,000 / NIY 7.53%

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The freehold property provides 38,800 sq ft of industrial warehouse

Property specification

  • Let to the strong covenant Just Trays Limited on a new 10 year lease with effect from 24 June 2019 with a tenant break option and upwards only rent review at the fifth anniversary of the lease
  • Just Trays are the UK’s number 1 shower tray manufacturer Located on a well established industrial estate adjacent to the A58
  • This reflects a low capital value per sq ft of £51.55
  • Total income £160,112 per annum which equates to a low £4.12 per sq ft
  • The tenant has been in occupation for over 18 years and has recently taken a coterminous lease on an adjacent property
Offers in excess of £2,000,000 subject to contract and exclusive of VAT for the freehold interest, reflecting a net initial yield of 7.53%, allowing for standard purchaser’s costs at 6.275%. GALLERY

Location

Leeds is the fastest growing city in the UK and is the largest commercial and financial centre in Yorkshire (Leeds City Council 2020)

Location

Leeds is the fastest growing city in the UK and is the largest commercial and financial centre in Yorkshire (Leeds City Council 2020)

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