Property photos
Freehold
From
£9,500,000
(£75.87/sq. ft)
Property for sale
Wide Lane Industrial Estate, Morley, Leeds, West Yorkshire LS27125,217 sq. ft
Local area information
Property location
Nearby amenities
- Queenswood School 0.2 miles
- The Morley Academy 0.2 miles
- Morley 0.5 miles
- Cottingley 1.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Multi let industrial investment opportunity
Located in Morley, West Yorkshire, 2 miles from J28 of the M62 and 5 miles from Leeds City Centre.
The property comprises a multi-let industrial estate of 8 units, totalling 125,217 sq ft.
Let to 6 tenants with a WAULT of 4.6 years to expiries and 2.9 years to breaks.
Producing a total net income of £789,702 at an average rent of £6.30 psf.
Immediate asset management opportunities, including lease regears, refurbishment of existing units and redevelopment.
Additional income potential via development or letting of 0.5 acres of hard-surfaced yard.
Application submitted for 11,900 sq ft of accommodation in 7 two-storey B2/B8 industrial units (planning application no. 22/03371/fu).
We are instructed to seek offers in excess of £9,500,000 (Nine Million and Five Hundred Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 8.01% on the current income and £275,000 for the additional 0.5 acres of land, assuming standard purchaser's costs of 6.69%
Located in Morley, West Yorkshire, 2 miles from J28 of the M62 and 5 miles from Leeds City Centre.
The property comprises a multi-let industrial estate of 8 units, totalling 125,217 sq ft.
Let to 6 tenants with a WAULT of 4.6 years to expiries and 2.9 years to breaks.
Producing a total net income of £789,702 at an average rent of £6.30 psf.
Immediate asset management opportunities, including lease regears, refurbishment of existing units and redevelopment.
Additional income potential via development or letting of 0.5 acres of hard-surfaced yard.
Application submitted for 11,900 sq ft of accommodation in 7 two-storey B2/B8 industrial units (planning application no. 22/03371/fu).
We are instructed to seek offers in excess of £9,500,000 (Nine Million and Five Hundred Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 8.01% on the current income and £275,000 for the additional 0.5 acres of land, assuming standard purchaser's costs of 6.69%
More information
Listed by
Avison Young - Industrial
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