On behalf of LPA Receivers A Foster & A Rodger For Sale 17-19 Place, LS1 2EX

Owner Occupier / Income Producing City Core Office Opportunity

Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

Summary

• Grade A office building

• 17,590 sq ft of office accommodation

• Unique under croft parking with up to 23 spaces

• Centrally located in Leeds' traditional office core within 5 minutes walk of the

• Current total rental income of £82,660

• Current vacant floor area of 9,962 sq ft available for immediate occupation

• Offers are invited by the LPA Receivers for the freehold and leasehold interests in the property. Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

Leeds A thriving business economy

The Leeds economy is worth £18 billion, a growth rate of almost 40% in the last decade. It’s home to over 25,000 businesses and has the highest ratio of private to public sector jobs of all major UK cities.

Leeds’ economy is extremely diverse, with new tertiary industries including retail, call centres, office and media contributing significant growth. As the second centre for banking services, the City employs over 14,000 people in banking and 46,000 across professional services as a whole. The financial and professional services sector in the City is highly skilled and set for significant growth (50% by 2022) thanks to an increasingly international focus and a highly skilled workforce.

Over 30 national and international banks are based here or in the wider region, and many firms have national/global headquarter operations, including First Direct, KPMG, HSBC, DLA Piper, Direct Line Insurance Group, Halifax Bank of Scotland, Yorkshire Bank and Leeds Building Society. As well as financial and professional services, Leeds is also the UK’s health and innovation city with a unique and influential health eco-system that is unrivalled globally. Four out of five NHS national offices are based here, including NHS England, the largest single health commissioner in the world.

The City has seen significant development over recent years. In 2013 the £350 million Trinity Leeds opened, the only major shopping centre development in Western Europe, to welcome over 22 million visitors in the first year. The £60m First Direct Arena, Europe’s first purpose built state of the art ‘super-theatre’, has transformed the leisure and entertainment offer in the City and now attracts global talent to perform here. In 2016, Hammerson will open its £150m Victoria Gate development featuring John Lewis’ flagship northern store and high end designer and luxury brands.

Over 35% of the working population is educated to degree level in Leeds and the features in both world and European rankings.

(*Source: investleedscityregion.com) Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

Connectivity

Leeds is situated within the heart of the UK, approximately 40 miles north east of and 190 miles north of London, benefiting from excellent connections into the national ABERDEEN road network. The City lies 7 miles north of the intersection of the M1 (junction 42) and M62 (junction 29) motorways. The M1 is directly accessed from the City Centre via the M621 which in turn links with the A1(M). EDINBURGH Leeds City Railway Station, following a major refurbishment programme at a cost of £245 GLASGOW million, is the UK’s busiest rail station outside of central London with over 900 trains and 50,000 passengers using it each day. Services to London Kings Cross run every 30 minutes with a

fastest journey time of 2 hours. It also has a regular service to Manchester, , York and NEWCASTLE Newcastle as well as other surrounding destinations. LEEDS Leeds International Airport is situated 8 miles north west of the city centre. £28 million is currently being invested in improving the airport which presently caters for 3m passengers a year, forecast to nearly triple by 2030. The airport serves 70 destinations and LEEDS HULL British Airways now provide 4 daily flights to London. BRADFORD INTERNATIONAL AIRPORT PORT OF HULL

MANCHESTER SHEFFIELD LIVERPOOL

BIRMINGHAM

BRISTOL

LONDON

PENZANCE Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

Situation

Situated at the heart of Leeds’ traditional office core, the property benefits from being only five minutes walk from Leeds Railway Station. Leeds Inner is within a two minute drive allowing for excellent access to the A621, M62 and the national motorway network, whilst Leeds and Bradford International Airport is only 8 miles away.

York Place is also perfectly located to benefit from the vast array of amenities Leeds has to offer. Not only are there a number of bars, cafes and restaurants in the immediate vicinity but Leeds Retail Quarter is just a five minutes walk from the property. Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

Description

17-19 York Place comprises a 4 storey self contained office building that has been refurbished to a Grade A standard. The property has an undercroft car park with a total of 16 spaces within 17-19 York Place and a further 7 vacant spaces within 20-21 York Place.

Internally the property benefits from the following specification:

• Comfort cooling throughout

• Raised floors

• Suspended ceilings

• Fully carpeted office suites

• Attractive entrance and reception

• High quality finishes throughout

• Eight person lift Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

Tenancy Schedule

The property has been measured in accordance with the RICS code of measuring practice (6th edition) and we can report the following Net Internal Areas:

Demise Tenant Floor area (sq ft) Rent (£ p.a.) Lease end Comments Part Ground Floor Moorgarth Group Ltd 2,612 £39,000 30.09.15 Tenant only break 31.08.15. Part Ground Floor Vacant 1,776 First Floor Mace Ltd 5,080 £35,560 06.02.19 Rent rising to £71,120 per annum from 07.02.17 includes 2 parking spaces.

Second Floor Vacant 4,806 Third Floor Vacant 3,316 Parking Moorgarth Group Ltd 6 spaces £8,100 30.09.15 Tenant only break 31.08.15. Total 17,590 £82,660

Parking Spaces Comments 17-19 York Place 16 20-21 York Place 14 7 spaces have been sold on a long leasehold basis. There are currently 7 spaces available for sale or to let by way of a separate lease/license. Terms available on request. Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

Tenure & Service Charge

Tenure The property 17-19 York Place and undercroft parking is held freehold with the undercroft parking at 20-21 York Place being held on a long leasehold basis.

Service Charge The property has an active service charge in place. The 2015/2016 budget is available on request. Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

Covenant Status

Moorgarth are a developer in the real estate market and have a creditsafe score of B - low risk.

Mace Ltd are a group engaged in the construction industry in the delivery, project management, cost consultancy and facilities management and have a creditsafe score of A - very low risk. Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

VAT & EPC

VAT The property has been elected for VAT.

EPC The building has been assessed and has an EPC rating of D-78.

Proposal

Offers are invited by the LPA Receivers for the freehold and leasehold interests in the property. Summary Leeds Connectivity Situation Description Tenancy Schedule Tenure Service Charge Covenant VAT/EPC Proposal Contact

17-19 York Place, Leeds, LS1 2EX

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GVA is the trading name of GVA Grimley Limited and is a principal shareholder of GVA Worldwide, an independent partnership of property advisers operating globally gvaworldwide.com

GVA Grimley Limited Conditions under which Particulars are issued GVA Grimley Limited for themselves, for any joint agents 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 the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. 2.) All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. 3.) No person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. 4.) All rentals and prices are quoted exclusive of VAT. Reproduced by courtesy of the Controller of HMSO. Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only. May 2015.

17-19 York Place, Leeds, LS1 2EX

Summary Leeds Connectivity Situation Description Tenancy Schedule Tenancy Tenure Covenant VAT/EPC Proposal Contact