Units 1-3 Commercial Way, Pudsey LS28 9DD
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£500,000
Apr 2025
- Rare opportunity to acquire a multi-let industrial terrace.
- Short distance to the A6110, the main arterial route between Leeds and Bradford.
- 4,500 sq ft across 3 units.
- Freehold.
- Headline rent of £33,800 per annum (very low average rent of £7.51 per sq ft).
- Strong reversionary potential, with a headline ERV of £40,125 pa (reflecting an average £8.92 per sq ft).
- Asset management opportunities to capture rental growth.
- Offers are invited in excess of £500,000 (Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.
- A purchase at this level reflects a net initial yield of 6.46% and a headline reversionary yield of 7.66%, assuming purchaser’s costs of 4.70%.
- Attractive overall capital value of £111 psf.
