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

Disclaimer

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;
  5. If the Property is in Scotland, this correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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