Limewood Approach, Ring Road, Seacroft, Leeds LS14 1NH

Multi-let InvestmentAvailable as a Whole or Two Lots

Building 1: 50,689 sq ftBuilding 2: 53,865 sq ft

FOR SALE

dhp.org.uk

Location The property is prominently located within an established industrial/leisure/retail area close to the Leeds outer ring road (A6120). The immediate surrounding area has undergone significant change in recent years including the development of bespoke/speculative industrial facilities plus new leisure and retail schemes. Over 500 new homes have been built recently within 600 meters of the site.

DescriptionThe property comprises two leasehold multi-let B1, B2 & D2 assets. The site has been comprehensively refurbished and managed professionally for several years. Further details provided overleaf.

Building 1 n Leasehold: WYK212191 n Unexpired term: c.86 years

Building 2 n Leasehold: WYK72221 n Unexpired term: c.22 years

YY69406 n Lease in place to provide additional vehicle parking for

JD Sports Gyms Limited.

dhp.org.uk

dhp.org.uk

Building 1n Leasehold: WYK212191n Landlord: Trinity College Cambridgen Term: 125 yearsn Commencement: 25 September 1980n Expiry: 24 September 2105 (c.86 years to expiry)n Rent: A peppercornn Use: B1, B2n Insurance: Tenant keep insuredn Repair: Tenant keep in tenantable repairn Yielding Up: Yield up the demised premises in

tenantable repair and conditionn Alienation: Landlords consent not to be

unreasonably withheld

Building 2n Leasehold: WYK372221n Landlord: Trinity College Cambridgen Term: 85 Yearsn Commencement: 07 January 1956n Expiry: 06 January 2041 (c.22 years to expiry)n Rent: £14,625 per annumn Use: permanent buildings for light industrialn Insurance: Tenant keep insuredn Repair: Tenant keep in tenantable repairn Yielding Up: Yield up the demised premises in

tenantable repair and conditionn Alienation: Landlords consent not to be

unreasonably withheld

YY69406n Lease in place to provide additional vehicle

parking for JD Sports Gyms Limited.n Landlord: P.A.I.D Holdings Limited n Term: Co-terminous with unit 4 leasen Commencement: 15 September 2016n Expiry: 14 June 2031n Rent: £4,800 per annumn Use: Parking of private motor cars and vans only

ancillary to the use of the tenants adjoining property as a gymnasium

n Break: Tenant only on 15 June 2021 and 15th June 2026

n Review: 15 June 2021 & 15 June 2026 to the higher of passing, Market Rent or the indexed rent

n Insurance: Tenant to insuren Repair: Tenant keep in good and tenantable repair

and conditionn Yielding Up: Yield up in the state and condition

required by the leasen Alienation: Not without landlords consent not to

be unreasonably withheldn LTA 1954: Provisions excluded

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Unit   Use Sq  Ft Tenant Rent  p.a.Rent  p.s.f

Commencement ExpiryUnexpired  

TermNext  Review Basis

Unit  1  (Car  Park) Industrial   12,500 JD  Sports  Gyms  Limited £42,350 £3.39 04/06/18 03/06/26 7  years 04/06/23 Effective  FRI  +  s/cUnit  2 Industrial   6,609 Chippendale  Builders  Limited £24,660 £3.73 01/02/16 31/01/26 6.3  years 01/02/22 Effective  FRI  +  s/cUnit  2A Industrial   4,149 Chippendale  Builders  Limited £18,080 £4.36 14/10/17 31/01/26 6.3  years 01/02/22 Effective  FRI  +  s/cUnit  3 Industrial   22,500 Wolseley  UK  Limited £80,000 £3.56 27/02/15 26/02/22 2.8  years 27/02/20 Effective  FRI  +  s/c

45,758 Total  Industrial  Rent   £165,090G1,  G2,  G3  Ground  Floor Office 1,595 NRSH  Enterprises  UK  Limited £15,210 £9.54 01/12/16 30/11/19 0.5  yearsSuite  X,  Ground  Floor   Office 828 Vacant  (rental  guarantee) £5,000 £6.04 2  yearsSuite  1,  Ground  Floor Office 650 Vacant  (rental  guarantee) £10,000 £15.38 2  yearsSuite  1,  First  Floor Office 152 Autowide  Limited £3,000 £19.74 01/08/18 31/07/19 0.1  yearsSuite  2,  First  Floor Office 164 Skipping  School  Limited £3,000 £18.29 01/09/18 31/08/19 0.2  yearsSuite  3,  First  Floor Office 266 Anne  Pemberton £4,500 £16.92 01/04/17 31/03/19 0  yearsSuite  4,  First  Floor Office 217 Premier  Pipework  Ltd £3,420 £15.76 01/10/17 30/09/18 0  yearsSuite  5,  First  Floor Office 220 Vacant  (rental  guarantee) £3,000 £13.64 2  yearsSuite  5a,  First  Floor Office 219 CK  Architectural £6,900 £31.51 04/02/19 03/02/20 0.8  yearsSuite  6,  First  Floor Office 620 Vacant  (rental  guarantee) £9,000 £14.52 2  yearsKitchen  &  Toilets  &  Com 1,915

4,931 Total  Office  Rent   £63,030 *Building  1  Total  Rent   £228,120

Unit Use Sq  Ft Tenant Rent  P.A.Rent  p.s.f

Start  Date Expiry  DateUnexpired  

TermNext  Review Basis

Unit  4 Industrial   29,386 JD  Sports  Gyms  Limited £97,500 £3.32 04/07/16 14/06/31 12  years 04/07/21 Effective  FRI  +  s/cUnit  4B Industrial   4,484 Arlington  Worksurfaces  LimitedUnit  5 Industrial   8,860 Paperworks  (Harrogate)  Ltd £27,500 £3.10 05/06/15 04/06/30 11  years 05/06/20 Effective  FRI  +  s/cUnit  6 Industrial   12,137 Treymaine  Limited  T/A  Chiltern  Mills £31,000 £2.55 23/03/15 22/03/20 0.8  years Effective  FRI  +  s/cYY69406 Car  Park n/a JD  Sports  Gyms  Limited -­‐£4,800

50,383 Total  Industrial  Rent   £151,200

Unit  6  First  Floor Office 3,482 Tom  Ball  Live £14,200 £4.08 01/04/18 31/03/28 8.8  years 01/04/23 Effective  FRI  +  s/c

3,482 Total  Office  Rent   £14,200

Ground  Rent   £14,935

Building  2  Total  Net  Rent   £150,465

BUILDING  1  (WYK212191)

Total  Industrial  sq  ft  

Total  Office  sq  ft  

Total  Industrial  sq  ft  

Total  Office  sq  ft  

BUILDING  2  (WYK372221)

Lease  sold  

*Office  rent  is  inclusive  of  insurance  and  utilities  for  suites  and  common  areas  (guarantee  is  net  rent  only)

Car  park  leased  to  facilitate  Unit  4  occupation

dhp.org.uk

dhp.org.uk

PriceOffers are invited for the individual titles or together as a whole. Price on application.Leases and title information are available via an online data room. Access on request.

EPCEnergy Performance Certificates are available upon request.

Legal CostsEach party will be responsible for their own legal costs in connection with the transaction(s).

VATAll prices quoted are exclusive of VAT which may be charged in addition.

Misrepresentation Act:Dove Haigh Phillips for themselves and for the Vendors and Lessors of this property whose agents they are give notice, i) The particulars are set as a general outline only for the guidance of intended purchasers or lessees and do not constitute nor constitute any part of, an offer or a contract, ii) All descriptions dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each item. iii) No person in the employment of Dove Haigh Phillips has any authority to make or give any representation or warranty whatever in relation to the property June 2019

Simon Dove MRICSsimon.dove@dhp.org.uk0113 245 5550

Sarah-Jayne Lishman MRICSsarah-jayne.lishman@dhp.org.uk0113 245 0885

Viewing and further information

THE SITE

A58

A64

M1 J46

A64

A6120

A6120

LEEDS