Units 1-10 Wortley Business Park, Armley LS12 4WE
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£1,742,000
Apr 2025
- Rare opportunity to acquire a highly reversionary multi-let industrial estate in Leeds.
- Short distance to J1 of the M621.
- 12,960 sq ft across 10 units.
- Freehold.
- Headline rent of £129,500 per annum (Very low average rent of £9.99 per sq ft).
- Strong reversionary potential.
- Headline ERV of £156,000 pa (reflecting an overall average rent of £12.04 per sq ft).
- Immediately deliverable asset management opportunities.
- Offers are invited in excess of £1,742,000, subject to contract and exclusive of VAT.
- A purchase at this level reflects a net initial yield of 7.00% and a headline reversionary yield of 8.43% assuming purchaser’s costs of 6.20%.
- Attractive overall capital value of £134 psf.
