Claypit Ln
Leeds LS2 8AE
Hepworth House · Office Property For Sale
INVESTMENT HIGHLIGHTS
- The three-storey office building in the heart of Leeds
- Ground level car park with 90 spaces, and an open plan layout
- Sitting on 1.2 acres
EXECUTIVE SUMMARY
The building is located opposite Leeds Arena and close to both the city’s universities, in an area which has seen a significant rise in student accommodation. The three-storey property is currently vacant, but let to Capita Customer Management until 2037. A sale at £20m would reflect a net initial yield of 8.49%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
96,069 SF
Building Class
B
Year Built/Renovated
1900/1995
Price
£20,000,000
Price Per SF
£208.18
Net Initial Yield
8.49%
NOI
£1,698,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
24,017 SF
Building FAR
1.92
Lot Size
1.15 AC
Parking
105 Spaces (1.09 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Storage Space
