Offers over
£875,000
(£100.92/sq. ft)
Industrial for sale2 Driver Terrace, Wellington Road, Leeds LS12
8,670 sq. ft
Just added
Freehold
About this property
Let to Evri Limited - Experian Credit Score 100/100
Low passing rent of £8.25 psf
Freehold
Offers in excess of £875,000 Net Initial Yield of 7.74%
Description
The property comprises a fully refurbished detached warehouse with two storey offices, set within a secure fenced, hard standing yard.
The warehouse is positioned to the rear of the site and is of modern steel portal frame construction, with metal clad elevations and an asbestos sheet roof. The offices for the property adjoin the warehouse. Loading to the warehouse is via a full height roller shutter door. The clear eaves height of the property is circa 4.25m.
Access to the property is from Wellington Road across an unadopted highway part of which is owned by Leeds City Council.
Location
The property is situated in a prime location in Leeds. It is circa one mile southwest of the city centre which is one of the UK’s “big 6” cities.
The property is set back from Wellington Road, approximately 100 meters southwest of the A643 dual carriageway, one of the main routes into Leeds which connects with junction 2 of the M621.
The surrounding area is an established mixed commercial location, with nearby occupiers including trade, industrial, motor-related and service-based businesses. The position is well suited to last mile occupiers seeking to serve the wider Leeds conurbation.
Tenure
The property is held Freehold: Title Number - WYK123428.
VAT
The property is elected for VAT, but it is anticipated that the sale will be structured as a Transfer of a Going Concern (togc) in which case VAT
won’t be payable.
Aml
The purchaser will need to satisfy the Anti Money Laundering policies of the sales agent and the Vendor client. This is usually two forms of identification for the ultimate beneficial owner of the acquiring company and confirmation of the source of funding from the successful purchaser. To be provided upon agreeing the Heads of Terms.
Tenancy
The property is let at a passing rent of £71,528pa (£8.25psf excluding mezzanine) on a Full Repairing and Insuring lease to Evri Limited. The lease is for a term from 13th September 2024 to 31st January 2030. Sections 24 to 28 of the 1954 act are excluded from the lease and the terms are subject to a schedule of condition.
The property comprises a fully refurbished detached warehouse with two storey offices, set within a secure fenced, hard standing yard.
The warehouse is positioned to the rear of the site and is of modern steel portal frame construction, with metal clad elevations and an asbestos sheet roof. The offices for the property adjoin the warehouse. Loading to the warehouse is via a full height roller shutter door. The clear eaves height of the property is circa 4.25m.
Access to the property is from Wellington Road across an unadopted highway part of which is owned by Leeds City Council.
Location
The property is situated in a prime location in Leeds. It is circa one mile southwest of the city centre which is one of the UK’s “big 6” cities.
The property is set back from Wellington Road, approximately 100 meters southwest of the A643 dual carriageway, one of the main routes into Leeds which connects with junction 2 of the M621.
The surrounding area is an established mixed commercial location, with nearby occupiers including trade, industrial, motor-related and service-based businesses. The position is well suited to last mile occupiers seeking to serve the wider Leeds conurbation.
Tenure
The property is held Freehold: Title Number - WYK123428.
VAT
The property is elected for VAT, but it is anticipated that the sale will be structured as a Transfer of a Going Concern (togc) in which case VAT
won’t be payable.
Aml
The purchaser will need to satisfy the Anti Money Laundering policies of the sales agent and the Vendor client. This is usually two forms of identification for the ultimate beneficial owner of the acquiring company and confirmation of the source of funding from the successful purchaser. To be provided upon agreeing the Heads of Terms.
Tenancy
The property is let at a passing rent of £71,528pa (£8.25psf excluding mezzanine) on a Full Repairing and Insuring lease to Evri Limited. The lease is for a term from 13th September 2024 to 31st January 2030. Sections 24 to 28 of the 1954 act are excluded from the lease and the terms are subject to a schedule of condition.
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