Property Information
Address:
Units 1 4, Pym Street Court, South Accommodation Road, Leeds, West Yorkshire
, LS10 1PG
, West Yorkshire
, United Kingdom
Price: Property no longer available.
Size: SOA
Primary Category: Industrial
All Categories:
Industrial,
Property Ref/Movehut: MH529256
Property Ref/Agent: Units 1 4, Pym Street Court, South Accommodation Road, Leeds, West Yorkshire, LS10 1PG
*Please use the agent ref when calling the agent directly.
Property description
Investment Summary
> Excellent industrial/distribution location 0.5 miles from Junction 4 of the M621 motorway and 0.5 miles from Leeds City Centre
> Two detached warehouse units extending to 41,627 sq ft with self-contained yard areas
> Freehold
> Let to Nationwide Crash Repair Centres Limited and Sovereign Air Movement Limited
> Current rental income of ?187,500 per annum
> We are instructed to seek offers in excess of ?2,150,000 (Two Million One Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT
> Net initial yield of 8.25% rising to 8.36% in April 2016
> Low capital value of ?51.65 psf
Location
Leeds, the country?s second largest legal and financial centre, is Yorkshire?s principal financial centre benefiting from a catchment population of some 1.3 million people. The city has one of the most diverse economies of any UK employment centre and is the UK?s fastest growing city with the largest employment total outside of London.
Leeds is located approximately 40 miles north east of Manchester and 190 miles north of London and is strategically located to connect in the national road network. The city lies 7 miles north of the intersection of the M1 (Junction 42) and M62 (Junction 29) motorways. The M1 is directly accessed from the city centre by the M621, which in turn links to the A1 (M).
Leeds City Railway Station, following a major refurbishment programme at a cost of ?245 million, is one of the UK?s busiest rail stations outside of central London with over 900 trains and around 50,000 passengers using it each day. Services to London Kings Cross run every 30 minutes with a fastest journey time of 2 hours. It also has a regular service to Manchester, Liverpool, York and Newcastle.
Leeds Bradford International Airport is situated 8 miles north west of the city centre. It provides daily flights to major UK and European destinations. Manchester International Airport is also accessible, with express trains running directly from the airport to Leeds around the clock with a journey time of approximately one hour.
Situation
The units are situated in Hunslet, a well-established industrial area and benefits from excellent communications being just 0.5 miles south east of Leeds City Centre, 0.5 miles from Junction 4 of the M621 motorway and 3 miles from Junction 45 of the M1 motorway.
The units occupy a very prominent position with frontage to South Accommodation Road and Atkinson Street. The units are accessed via Fox Way.
Occupiers in the immediate vicinity include First Group, Cummins, Vickers Oils and Travis Perkins.
Description
The investment comprise two detached, purpose built industrial warehouse buildings with secure service yards. The units are of steel portal frame construction with brickwork and profile metal cladding to the elevations. The roofs of both buildings are pitched with profile metal cladding incorporating translucent roof lights. Both units have an eaves height of approximately 6.1m (20ft).
The units both incorporate two storey office blocks, comprising carpeted floors, plastered walls and suspended ceilings.
Tenure
The units are held freehold.
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