Devro Court, Knowsthorpe Way, Leeds LS9 0SW

Leeds, LS9 0SW

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Acquired
Devro Court, Knowsthorpe Way, Leeds LS9 0SW
Price £1,800,000
Rent (pa) £86,000
Yield 4.5%

Investment Summary

  • Modern industrial / warehouse multi-let estate located in a prime industrial area in West Yorkshire
  • Strategically located just off the Junction 45 of the M1 Motorway which is accessed within 2 miles
  • Situated on in the Cross Green Industrial Estate, Leeds with occupiers such as DHL, Amazon, AO.com, Network Road, Symingtons and Beer Hawk
  • Multi-let investment comprising a gross internal area of 16,943 sq. ft. (1,574 sq. m.) across four buildings
  • Situated on a site of 1 acre (0.40 hectares) providing a very low site density of 38.9%
  • Strong reversionary income profile providing a projected reversionary yield of 7.80%
  • The rent passing equates to £86,000 per annum exclusive reflecting a very low average rent of £5.07 per sq. ft
  • Seeking offers in excess of £1,620,000 reflecting a net initial yield of 5.00% (after purchasers costs of 6.15%)
Town Leeds
Postcode LS9 0SW
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