Units 17b & 17c, Astley Lane Industrial Estate

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Summary

Prime Multi-Let Industrial Investment For Sale

Description

Rare multi-let industrial opportunity for sale. The premises comprise two detached high quality modern industrial units of steel portal frame construction with part brick and part clad elevations under a double skin pitched and insulated roof incorporating translucent roof lights. Unit 17B and Unit 17C benefit from high quality ground and first floor office accommodation which provides a mixture of open plan and private meeting rooms. Each warehouse has, LED lighting, 6.5 meter internal eaves height, ground level electric sectional up and over access door, 3 phase power supplies and solid concrete floors.

Viewings

For further information or to arrange an inspection, please contact:
Jacques Esterhuizen, 07825 045770, jacquesesterhuizen@cartertowler.co.uk

Location

The property is located within Astley Lane Industrial Estate, Swillington, approximately 5 miles to the east of Leeds city centre. The estate is accessed via Astley Way and Astley Lane, and provides access to national road networks two miles to the north of the site at J46 of the M1 motorway, via the A642 and Selby Road The M62 motorway can also be accessed under 3 miles to the southwest of the site, via Wakefield Road. Garforth town centre is located around a mile and a half northeast of the property and connections to the A1(M) are available at J44 to the northeast via the M1 motorway.

VAT

We understand the property has been elected for VAT and therefore anticipate the sale will be undertaken as a transfer of a going concern (TOCG).

PROPOSAL

We are instructed to seek offers in excess of 2 015 000 (Two Million and Fifteen Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 6 24 assuming purchaser’s costs 6 28.