The freehold property which totals 72,919 sq ft was constructed in the mid-1970s with brick and sheet cladding elevations. It comprises a detached warehouse with a single storey office. To the front of the building are two loading bays with roller shutter doors. The office areas include a reception, boardroom, canteen and WC facilities. The site area of 2.74 acres which equates to a site coverage of c.60%.
The property is located off the A62 Gelderd Road, which provides direct access to the M62 and junction 27, approximately four miles to the south west of Leeds City Centre. Other occupiers are TNT (opposite), Wilkies, Morley Waste Trading and CAT.
Let to Great Northern Envelope Co Ltd until 2022, the company specialise in envelope manufacture and supply within the UK.
Structure
The property was part of the Sapphire Portfolio (Part). See ‘Sapphire Portfolio (Part)’ section for further details.
Asset Management/Value-Add
Re-geared existing lease. This removed the limitation on tenant repairing obligations and increased the rent in return for a two year rent free period.
