The Coach Works, 21 The Calls, Leeds LS2 7EH

The Coach Works comprises the following:

- Striking, characterful multi-let office investment in the heart of Leeds' creative quarter.
- Two self-contained buildings totalling 41,121 sq ft NIA.
- 52 secure car parking spaces providing an excellent parking ratio of 1:791.
- Excellent connectivity within 5 minutes' walk of Leeds' train and bus stations.
- Freehold.
- 'Top 6' UK regional office market, where prime rents are moving to £50 psf+.
- Let to five tenants producing £535,625 per annum, with a WAULT of 5.3 years to expiries (2.3 years to breaks).
- 83% of income secured against tenants rated 'minimum' or 'low' risk by Dun & Bradstreet.
- Low average passing rent of £26.82 psf, offering substantial reversionary headroom with an ERV of £1,337,630 per annum based on £30.00 psf and £2,000 per parking space.
- Approximately 50% let, with four vacant suites offering an immediate opportunity to add significant value through letting and refurbishment.
- £2,500,000 of capital expenditure invested in 2020.
- Superb opportunity to introduce fully fitted ('Cat A+') space where rents are now at £55 psf.
- Offers invited.

The Coach Works sits in the heart of The Calls, the historic riverside district that has become Leeds' creative quarter set along the regenerated banks of the River Aire. The area is defined by converted nineteenth century warehouses and an attractive blend of old and new.

The Calls offers one of the densest and most diverse independent amenity scenes in Leeds with independent coffee houses, restaurants and riverside bars, the renowned nightlife of neighbouring Call Lane, and the Corn Exchange and Trinity Leeds retail destination all within a few minutes' walk.

The Calls is a natural home for the city's creative, media, technology and professional occupiers keeping them fully connected to the commercial core, Leeds Railway Station and the wider South Bank regeneration.