Madison Court & Nelson House, George Mann Road, Leeds, West Yorkshire, LS10
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Office for sale
- USE CLASSUse class orders: B1 Business
B1
Key features
- High Yielding Office Investment in Leeds
- 12.9% Net Initial Yield
- Low average rent and low capital value at sub £90 psf (below build cost)
Description
Excellent location with strong connectivity to Leeds city centre and regional transport network
Let to four tenants including tech and service businesses
Total passing rent of 150,433 per annum
Low average rent of £11.27 psf
50% discount to comparable offices in Leeds city centre
Weighted Average Unexpired Lease Term (WAULT) of 4 years to expiry
We are instructed to seek offers in excess of £1,100,000 (One Million One Hundred Thousand Pounds), subject to contract and exclusive of VAT equates to a Net Initial Yield of 12.9% after full purchasers' costs.
This reflects a very low capital value of £82 psf substantially below build cost.
Brochures
Madison Court & Nelson House, George Mann Road, Leeds, West Yorkshire, LS10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leeds Station1.8 miles
- Cottingley Station3.1 miles
- Woodlesford Station3.2 miles
Notes
Disclaimer - Property reference nelson. 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 Carrick Real Estate, Manchester. 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.