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 | Sold |
|---|---|
| Type | Investment |
| Size | 3,600 sq ft |
Address
Unit 5 Limewood Park
Leeds
LS14 1NH
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