Gibbs & Dandy, Bridge Works, Elland Road, Leeds LS11 8AY

Back to Track Record
Sold
Gibbs & Dandy, Bridge Works, Elland Road, Leeds LS11 8AY
Price £2,200,000
Rent (pa) £146,149
Yield 6.25%

Investment Summary

  • Freehold builders merchant investment
  • Located within prime trade counter pitch in Leeds
  • Adjacent to other trade users such as Toolstation, Selco, Booker, Tile Depot, HSS, Edmundson and Screw-fix
  • Excellent access to motorway network through M621 / M1 / M62 – less than 10 minute drive to Leeds City Centre
  • Lease re-geared to Saint Gobain Building Distribution Limited (5A2 covenant) expiring 26 August 2029, thereby providing 9.75 years unexpired income
  • Tenant has recently undertaken refurbishment works showing commitment to the site
  • The property has been a builders merchant for over 50 years
  • Next reviewed to OMRV in August 2024, providing excellent scope for growth
  • Strong residual redevelopment value (Food, Roadside, Car Showroom STP)
Postcode 67361
Get Directions

Interested in this property?

Contact our team for more information or speak directly with James Kinsler.

Contact Us

Similar Properties