Thorpe Park, Leeds

  • Freehold Investment Opportunity
  • Located on Leeds premier mixed-use park
  • 40,135 sq ft detached office building with a car parking ratio of 1:165 sq ft
  • Single-let to Northern Gas Networks Limited as their Headquarters
  • Producing £584,292 per annum equating to a low passing rent of £14.69 psf (assuming a 50% rate on the reception)
  • 10.4 years unexpired with breaks in 3.4 and 7.4 years
  • Tenant undertook comprehensive refurbishment completing in March 2020
  • Reversionary with the latest lettings on Thorpe Park at £24 psf and quoting now at £28 psf
  • Thorpe Park continues to enjoy significant investment as a regional hub, including a new railway station which is due to open in Q1 2025 Freehold
  • We are instructed to seek offers in excess of £6,090,000 subject to contract and exclusive of VAT reflecting 9.0% NIY and a capital value of £152 psf assuming purchasers costs of 6.63%.

Contact Agent

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Bernie Thomas

07818 539 191