Lawnswood Business Park, Leeds LS16 6QY
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Lawnswood Business Park, Leeds LS16 6QY Prestigious Freehold Multi Let Business Park Investment Richmond 1 House Mayesbrook House Peter Bennett House Victoria House Alpha House Caledonia House Alexandra House Gladstone House RING ROAD WEST PARK A6120 Lawnswood Business Park, Leeds LS16 6QY 2 Investment Summary • Modern, high quality multi-let business park in a popular north Leeds location. • Prominent position fronting the Leeds outer ring road (A6120) and located only 4 miles (7 km) from Leeds City Centre. • 8 detached office buildings totalling 147,355 sq ft in an attractive landscaped environment. • 34% of income secured to undoubted Government covenant. • 63% of income secured to tenants with a low risk Experian rating. Caledonia • 4 occupational transactions on the Park within the last year. House • Excellent car parking ratio of 1:252 sq ft. • Freehold. • Strong Asset Management opportunities. • Total income of £1,818,317 per annum. • Offers are invited in excess of £18,250,000 (Eighteen Million Two Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT for the freehold interest in this property. This reflects an attractive net initial yield of 9.41% after allowing for full purchaser’s costs of 5.8%. A purchase at this level represents a capital value of £124 per sq ft. 3 e t e v iv i Dr n n Location r eso u Iv D o l l e i M n A658 M a d O r e L Leeds is the major commercial and financial centre for Yorkshire and the k an t l l i o l L l f a e it e S y d p H s d e O Otley o o North East of England. The city is approximately 35 miles (55 km) north of A660 A B H l s d p R w h e i o t c a Sheffield, 40 miles (65 km) north east of Manchester and 190 miles (300 km) a a o d N Harrogate l r p A1 L p e S a A north of London. v 14.8 Miles i n lk i n r M e so D i ad e ll n Ro v n o I W Ives The city has direct access to the M1 and M62 motorways, lying 7 miles (11 o A61 a s y e O v I t Leeds cent L le km) north of the intersection of the M1 (J42) and M62 (J29) motorways. The es u y r tt Bradford C r O e I l v l d M1 is directly accessed from the city centre by the M621 which in turn links n l e ey Road Airport o C R l s s o t h r e o a c e v O I d n with the A1(M). J45 a s S c e o ilk r M R ill e A660A6 p Way n i n a p A s t S s L A e A64 p p ill e e Leeds City Railway Station has recently been through a major refurbishment n A658 M n n lk e Horsforth A6120 Si M n ou p i nt L th programme at a cost of £245 million. It is the busiest rail station outside Lawnswood u S o tt r re n A1(M) ll e Business Park P Central London with over 900 trains and 50,000 passengers using it each l. A v A6120 e day. Services to London Kings Cross run every 30 minutes with a fastest n Iv u O e e son t Driv le journey time of 2 hours. There is also a regular service to Manchester, 44/48 e y O A660 J47 ld Liverpool, York and Newcastle. t R n o A647 u a o rive d Bradford Lawnswood rne D M Sp nitho Leeds Bradford International Airport is situated 8 miles (12.5 km) north west Leeds en J46 e Pudsey Business Park n Garforth o t of the city centre and only a 10 minute drive from Lawnswood Business Park. e s J3J3 e n J2A e k a r u J2 c L A63 P n e a is The airport provides daily flights to major UK and European destinations. a a rd R J4 e J45 r r nfo k P n y r J1 M1 st v W o e n e e A p J5 G T e r J6 o S u ve d J7 r n e C o f v J44 l Local Economy n a A A650 y y M621 d t o R r ed W n v o J43 Parkstone ers f W n M606 y Leeds is the second largest metropolitan district in England with an urban C o J27 lose o W W York d yn population of circa 715,000 persons and a catchment population of 2.5 fo M62 Morley R rd 26.6 Miles i M s o J26 e unt million persons in the West Yorkshire Urban Area (2001 census). J28 Wynford 29/42 J30 Ring R Grove A6120 oad W A6120 As the largest banking and financial centre outside London, Leeds has est P ark J41 M62 developed into one of the UK’s premier business cities and has the largest A653 L Castleford re V o Latchme iew J3J31 w employed population in the Yorkshire region. It is anticipated that Leeds will L J32 a w M1 n ie s A6120 provide one quarter of the region’s additional jobs in the decade to 2020. e V hmere Drive re atc J25 e L M The financial services and business sectors employ approximately 122,000 m o Otley Roa h or G ra Garden c ng Dewsbury Wakefield t e D a rive ol L o people accounting for 1:4 jobs. J40 od Sch awnswo Spen L A644 A638 Bradford F rm Dr ill fa ive ing ld 7.6 Miles fi O w e d r ere Road n D m e e h i ri tc a v d e a V L L a e W r L n e a g st a e Sat Nav: LS16L 6QY t n P c p Pa o a ra h r S h d w e t m G r L r o e d S a o r N a p n e o We h s o e e t P c a n D M rk R D r a ri R iv ve h o o g e r i a A660 p e d l oad p A R r A e nc sh lif d n fe A l a R m o e r L ad i a f n ill Road Weetwood H e mf her ld utc O p Leeds B ho S T 4 Miles But cher Hill We lbur n Av enue Lawnswood Business Park Redvers Close Leeds LS16 6QY Lawnswood Business Park, Leeds LS16 6QY 4 e t e v iv i Dr n n r eso Communications u Iv D o l l e i M n A658 M a d O r e L k an t l l i o l L l f a e it e S y d p H s d e O Road Otley o o A660 A B H l s d p R w h e i o t c a a a o d N Harrogate Road communications to Lawnswood Business Park are excellent. The Park l r p A1 L p e S a A v 14.8 Miles i n lk i n r M e so fronts the Leeds outer ring road (A6120) and is also very well positioned D i ad e ll n Ro v n o I W Ives o A61 a s y e O for both the A660 and A65 northern arterial routes leading out of Leeds. v I t Leeds cent L le es u y r tt Bradford C r O e I l This in turn provides good connections to the regional motorway network of v l d n l e ey Road Airport o C R l s s o t h r e o a c e v O I d n J45 a s S c e the M1, M621, M62 motorways and A1 (M) via the ring road and A65. The o ilk r M R ill e A660A6 p Way n i n a p A s t S s L A e A64 p p ill e e A658 M n n n property is only 4 miles (7 km) from Leeds city centre. lk e Horsforth A6120 Si M n ou p i nt L th Lawnswood u S o tt r re n A1(M) ll e Business Park P l. A v A6120 e Rail n Iv u O e e son t Driv le 44/48 e y Lawnswood Business Park is only 2 miles (3.5 km) from Horsforth railway O A660 J47 ld t R n o station, which has direct links to Leeds City Centre Railway Station with a A647 u a o rive d Bradford Lawnswood rne D M Sp nitho Leeds en J46 e journey time of approximately 11 minutes. There are 6 trains per hour to the Pudsey Business Park n Garforth o t e s J3J3 e n J2A e k a r u J2 c city centre at peak times and 3 trains per hour during off peak hours.