office
Ref 12757

Millshaw Court

Global Avenue
LS11 8AN Leeds

To buy£12,100,000
Size81,043 ft² / 7,529 m² (approx. 750 desks)
Initial yield10%

Description

Prime Single-Let Office Investment let to Barclays Services Ltd with Permitted Development Rights

  • High quality, self-contained office building totalling 81,043 sq ft of accommodation with 355 car parking spaces
  • Excellent location within 3 miles of Juntion 29 of the M62 motorway and 0.5 miles from Junction 1 of the M621 motorway
  • Freehold
  • Let to the 5A1 covenant of Barclays Services Ltd
  • Reversionary lease terminating May 2022 with a tenant break in November 2021
  • Current rent of £1,292,500 per annum
  • Redevelopment potential to residential permitted development upon lease expiry
  • Approved permitted development for 142 apartments

Energy rating

Energy rating C

Location and Transport