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Hepworth House Claypit Ln

96,069 SF 100% Leased Office Building Leeds LS2 8AE £20,000,000 (£208/SF) 8.49% Net Initial Yield

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
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
Land Acres
1.15 AC
Parking
105 Spaces (1.09 Spaces per 1,000 SF Leased)

Amenities

  • Courtyard
  • Storage Space
  • Listing ID: 33800730

  • Date on Market: 08/11/2024

  • Last Updated:

  • Address: Claypit Ln, Leeds LS2 8AE

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