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Units 1 -3 Commercial Way, 1 Hough Side Road, Pudsey, LS28 9DD

Offers in Excess of
£500,000

£111.11 per sq ft

Business rates & charges may apply

Northcap, Leeds
SIZE AVAILABLE

4,500 sq ft

418 sq m

SECTOR

Light industrial facility for sale

Floor Plan
1

Key features

  • Rare opportunity to acquire a multi-let industrial terrace.
  • Short distance to the A6110, the main arterial route between Leeds and Bradford.
  • 4,500 sq ft across 3 units.
  • Freehold.
  • Headline rent of £33,800 per annum (very low average rent of £7.51 per sq ft).
  • Strong reversionary potential, with a headline ERV of £40,125 pa (reflecting an average £8.92 per sq ft).
  • Asset management opportunities to capture rental growth.
  • Offers are invited in excess of £500,000 (Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.
  • A purchase at this level reflects a net initial yield of 6.46% and a headline reversionary yield of 7.66%, assuming purchaser’s costs of 4.70%.
  • Attractive overall capital value of £111 psf.

Description

The estate comprises a terrace of three units which all extend to 1,500 sq ft (4,500 sq ft in total). It is of steel portal frame construction, faced with brickwork and profile metal sheeting. Each unit has one ground level loading door and one pedestrian door. There is a loading area to the front of each unit, with diagonal car parking adjacent to the northern boundary of the site. To the east is a small yard area, which is demised to Unit 1. The eastern boundary is marked by metal security fencing with gated access.

Units 1 - 3 Commercial Way is located in Pudsey, which is a large town conveniently located between Leeds and Bradford. It is just 1 mile from the A6110 (Pudsey Ring Road), which links to Bradford in 5 miles (17 minutes) and Leeds in 5.6 miles (18 minutes). It is just 12 minutes from the M621 which in turn links to the M1 and M62, providing excellent road connections.

Pudsey benefits from a train station (New Pudsey) which links to Bradford in 9 minutes and Leeds in 13 minutes, up to 4 times per hour. The estate is located on the southwestern side of Hough Side Road. Bus stops on nearby Swinnow Road provide very regular services every 5 – 8 minutes) between Pudsey, Leeds and beyond.

Brochures

Units 1 -3 Commercial Way, 1 Hough Side Road, Pudsey, LS28 9DD

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bramley Station0.9 miles
  • New Pudsey Station1.2 miles
  • Kirkstall Forge Station2.2 miles

About Northcap, Leeds

New Station Street, Leeds, LS1 4JB

The NorthCap vision is simple, firstly, to provide honest, market leading advice to our clients with no compromise on customer service.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 296050-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Northcap, Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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