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

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Sold

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

Freehold

£2,000,000 / NIY 7.53%

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Property Advisor
Lucy Young

Associate

Lucy Young
View Lucy's profile
Brochure

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
  • £2,000,000 / NIY 7.53%





Lease terms

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%.

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)

Train Stations
  • Beeston 2.14km
  • Bramley 3.22km
  • Morley 3.64km
  • Headingley 4.28km
Lucy Young
Property advisor
Lucy Young

Associate

View Lucy's profile

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