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The Bourse, Boar Lane, Leeds, LS1 5EN

For sale: £8,500,000.00|49,540 Sq Ft|Office, Offices

Property details

FOR SALE£8,500,000.00
SIZE49,540 Sq Ft
ADDRESSThe Bourse, Boar Lane, Leeds, LS1 5EN
TYPEOffice, Offices
TENUREInvestment Opportunity
POSTED ON25th May 2023

Description

For Sale – A prime multi-let office & restaurant / leisure investment opportunity totalling 49,540 sq ft. - The Bourse is prime multi-let office and restaurant / leisure investment opportunity in heart of Leeds City Centre totalling 49,540 sq ft. The property is a refurbished, Grade II listed building offering a range of office and leisure suites. The property is let to 14 tenants producing a total net income of £798,564.22 per annum with an average rent of £19.00 psf on the office accommodation and an unexpired term of 4.28 years to break, 6.07 years to expiry.

We are instructed to seek offers in the region of £8,500,000, which shows a Net Initial Yield of 8.81%, allowing for usual purchaser costs of 6.68%, subject to contract and exclusive of VAT.

Location

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Location: The Bourse, Boar Lane, Leeds, LS1 5EN

Leeds (0.1 miles)

Burley Park (1.7 miles)

Headingley (2.5 miles)

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