The property comprises a terrace of industrial units on either side of Chelsea Close. The units are all single storey, of steel portal frame construction with brick/blockwork walls, and modern profile metal cladding and pitched roofs which have been recently re-roofed and insulated and incorporate roof lights.
Units 2, 3 & 6 are situated on the south side of Chelsea Close and the three units are interlinking and let to a single tenant. The units comprise a mixture of good quality warehousing and office space with the original office content having been significantly extended by the tenant to include extensive first floor offices as well as additional ground floor office space. The accommodation is heated and lit throughout and has the benefit of two loading doors. The eaves height to the warehousing space is 5.5m (18ft).
Outside, these units include a surfaced yard to the front with 14 designated car parking spaces plus loading bays. There is additional parking to the rear of the units.
Units 4 & 5 comprise two adjoining units on the north side of Chelsea Close and provide principally good quality warehouse space and ancillary offices of similar construction to Units 2, 3 & 6. Each unit has lighting and a roller shutter loading door. All the units with the exception of Unit 4 have heating. The eaves height to Unit 4 is 4.7m (15ft 6 inches), and to Unit 5 is slightly lower at 4.3m (14ft).
Outside Unit 4 has a surfaced loading area to the front with car parking to the front side and rear of the unit. Unit 5 also has a front loading bay and car parking plus a useful compound to the rear of the premises.
The rear boundaries to all the units are generally made up with metal palisade security fencing.
Location
Leeds is the principal city within West Yorkshire and the Yorkshire and Humberside regions. Forming the focus of a number of motorways and major trunk roads, the city is situated approximately 200 miles north of London on the M621/M1, approximately 11 miles east of Bradford and 24 miles south west of York.
Established and comprehensive road, rail and international air links provide fast and easy access to Leeds city centre for the business community and for leisure visitors alike. The city is essentially located at the intersection of the UK’s most important motorways and direct links with London and Edinburgh are via the M1 and A1(M) roads, and the M62 motorway runs along the east west route making the journey to Manchester or Hull achievable within one hour.
Chelsea close is well located in a popular industrial locality on Amberley Road which in turn runs between Tong Road (B6154) and Oldfield Lane, approximately 1.5 miles to the west of Leeds city centre. This situation provides easy access to the Leeds Inner Ring Road which in turn provides access to the wider Leeds area as well as the local motorway network (Junction 2 of the M621 is approximately 1 mile to the south).
Accommodation
Unit 2/3 - Ground Floor warehouse/offices - 10,581 sq ft
Unit 6 - 5,281 sq ft
Unit 4 - Ground Floor warehouse/offices - 1,783 sq ft
Unit 5 - Ground Floor warehouse/offices - 5,037 sq ft
Unit 5 - First Floor offices - 570 sq ft
Terms
TENURE - Freehold subject to the terms of the tenancies described in the attached schedule.
PRICE - We are instructed to seek offers in excess of £1,085,000 subject to contract. A purchase at £1,085,000 would show the buyer a net initial return of 8.49% (after allowing for purchasers costs of 5.78%).
VAT - The property is elected for VAT purposes.
ENERGY PERFORMANCE CERTIFICATES - Energy Performance Certificates have been commissioned for the units and will be available on request from the selling agents.
Specification
- Comprising 5 industrial units in two blocks
- Providing a total of 23,252 sq ft gross internal
- Fully let and producing £97,500 per annum
- 80% of income from long standing tenant (in occupation over 20 years)
- Good scope for rental growth
- Sensibly priced with attractive yield