Royal Armouries Museum Investment
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Royal Armouries Museum Investment
7 Properties Offered at £11,690,000 in Leeds
Investment Highlights
- Potential for development
- Long term income with 971 years of the term unexpired to The Board of Trustees of the Armouries.
- Mixed use investment
- 12.36 acre site
- Royal Armouries Museum a building of national importance and which attracts over 300,000 visitors a year
- Access to City centre in 10 mintute walk and M621 in 1 mile
Executive Summary
A rare opportunity to purchase a 12.36 acre site in Leeds City Centre, let by way of two 999 year ground leases to The Board of Trustees of the Armouries, who are a Non Departmental Public Body whose parent body is the Department for Culture, Media and Sports.
Zone 1 includes the museum along with the tiltyard and craft court, both of which have redevelopment plans which can be seen in the brochure. Zone 2 includes a 1,500 space multi-storey car park, a 130 bed Holiday inn, 29,000 square foot conference centre, 350 residential apartments a further 94,000 square feet of office space and various ground floor retail and restaurant units.
The freehold interest is available for offers in excess of £11,690,000 (Eleven Million, six hundred and ninety thousand pounds) plus VAT, which based upon a ‘topped up’ income of £592,500 pa, reflects a net initial yield of 4.75% rising to 5.55% in 2036 based on a fixed rental uplift.
Zone 1 includes the museum along with the tiltyard and craft court, both of which have redevelopment plans which can be seen in the brochure. Zone 2 includes a 1,500 space multi-storey car park, a 130 bed Holiday inn, 29,000 square foot conference centre, 350 residential apartments a further 94,000 square feet of office space and various ground floor retail and restaurant units.
The freehold interest is available for offers in excess of £11,690,000 (Eleven Million, six hundred and ninety thousand pounds) plus VAT, which based upon a ‘topped up’ income of £592,500 pa, reflects a net initial yield of 4.75% rising to 5.55% in 2036 based on a fixed rental uplift.
Property Facts
| Price | £11,690,000 | Number of Properties | 7 |
| Price / SF | £14.66 / SF | Individually For Sale | 0 |
| Net Initial Yield | 4.75% | Total Building Size | 797,146 SF |
| Sale Type | Investment | Total Land Area | 87.24 AC |
| Status | Active |
| Price | £11,690,000 |
| Price / SF | £14.66 / SF |
| Net Initial Yield | 4.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 797,146 SF |
| Total Land Area | 87.24 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Stanley House
Clarence Dock, Leeds LS10 1PZ |
Office | 29,333 SF | 2006 | - |
|
Holiday Inn Express Leeds Armouries
Armouries Dr, Leeds LS10 1LE |
Hospitality | 48,438 SF | 2006 | - |
| Armouries Dr, Leeds LS10 1LE | Office | 56,638 SF | 1970 | - |
| The Blvd, Leeds LS10 1PZ | Office | 48,479 SF | 2010 | - |
|
Royal Armouries Museum
1 Armouries Dr, Leeds LS10 1LT |
Speciality | 155,000 SF | 1995 | - |
|
New Dock Hall
Armouries Dr, Leeds LS10 1JT |
Office | 29,000 SF | 2000 | - |
| Armouries Dr, Leeds LS10 1PZ | Speciality | 430,258 SF | 1990 | - |
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