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Minerva

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29, East Parade
LS1 5PS Leeds
Ref: 12705

  • 59,059.00 ft² (5,486.76 m²)
  • 19,700,000
  • 6.51 Initial Yield

Description

Description

• Prime Multi-Let City Centre Office & Leisure Investment
• The building has undergone an extensive £5m refurbishment programme including new VRF comfort cooling system
• Exceptional Grade A BREEAM Excellent offices
• 6 open market lettings in the last 12 months demonstrating the quality of the building
• 59,059 sq ft of accommodation over ground and nine upper floors
• Tenants include Standard Life, UBS, Gateley Plc, Tattu and Manahatta
• Current passing rent of £1,368,867 per annum with a rental tone of £24.50 - £25.00 per sq ft
• Prime headline rents in Leeds now £29.00 per sq ft
• WAULT to expiry of 9.25 years and to break of 7.75 years
• Low capital value of only £333 per sq ft

Energy Rating

Energy Rating

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Contact

Contact
Mathew Atkinson
Andrew Summersgill
  Details

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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