IVC Leeds - 2 Milestone Court, Stunningly, Pudsey, Leeds LS28 6HE
Pudsey, LS28 6HE
Sold
Price
£1,150,000
Rent (pa)
£75,000
Yield
6.16%
Investment Summary
- Leeds is the fastest growing city in the UK with an estimated population of 822,483 (Leeds Obeservatory)
- Leeds is the main commercial centre in West Yorkshire with a £64.6bn economy, forecast to grow by 21% over the next decade.
- The located in Stanningley, a suburb approx 5 miles west of Leeds city centre
- Mixed use location with commercial uses to the south and residential dwellings surrounding the site
- Nearby occupiers include Lidl, Greggs, Home Bargains and Go Out Paws Dog Walking Service
- Modern two storey commercial property operating as veterinary centre.
- Total net internal floor area of 4,315 sq ft.
- Externally there are 14 car parking spaces demised to the tenant
- Let to Independent Vetcare Limited (Net assets: £43,200,000), part of IVC Evidensia.
- IVC Evidensia is the biggest of the big six vet groups in the UK and reported revenue of £3.4 bn.
- 15 year FRI lease wef 4th November expiring 3rd November 2039 (14.34 years unexpired).
- Initial rent of £75,000 per annum (£17.38 psf).
- Rent reviewed five yearly in line with CPI annually compounded (1-3% cap and collar)
- Freehold
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