This is a freehold warehouse unit with ancillary offices of 42,000 sq ft constructed in the early 1980s. The eaves height is 6.3m. The site area is 2.23 acres, giving a site coverage ratio of 43%. Externally there are 36 car parking spaces to the front of the unit and a service yard to the rear, accessed via a dedicated service road.
The property is situated on Lowfields Road off the A62 Gelderd Road, approximately 3 miles south west of the City Centre. Road communications are good with junction 2 of the M621 motorway located approximately 3 miles to the east and junction 1 1.5 miles to the south west. Gelderd Road is an important route into Leeds servicing a substantial commercial area. Lowfields Road is part of an established industrial area.
Structure
The property is part of the Scarlet Portfolio. See ‘Scarlet Portfolio’ section for further details.
Asset Management/Value-Add
Negotiated successful dilapidations claim with out-going tenant in 2011.
Refurbished unit and added security fencing to improve desirability to high value occupiers.
Let unit to HSS Hire Service Group Ltd on a 20 year lease with a break at year 10.
