Westland Square, Westland Road Leeds LS11 5SS

Westland Square, Westland Road
Leeds
LS11 5SS

Freehold Industrial Investment

Entirely let to Interserve Industrial Services Limited on a 10 year lease until 2023
Established industrial area at the heart of the North’s motorway network
Nearby occupiers include Harrison Spinks, Leeds City Council, Husqvarna and DHL
Approximate site area of 0.46 hectares (1.14 acres) with 13% site cover and majority hard standing
Separate office and warehouse
Six Week Completion

Lot
26
Auction
17th October 2013
Rent
£40,750 per Annum Exclusive
Status
Sold
Price
£535,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Industrial Investment

Entirely let to Interserve Industrial Services Limited on a 10 year lease until 2023
Established industrial area at the heart of the North’s motorway network
Nearby occupiers include Harrison Spinks, Leeds City Council, Husqvarna and DHL
Approximate site area of 0.46 hectares (1.14 acres) with 13% site cover and majority hard standing
Separate office and warehouse
Six Week Completion

Lot 26
Auction 17th October 2013
Rent £40,750 per Annum Exclusive
Status Sold
Price £535,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 2 miles south of Leeds city centre; 195 miles north of London
Roads: A643, M1 (Junction 43), M621 (Junction 5), M62 (Junction 28)
Rail: Leeds
Air: Leeds Bradford Airport

Situation

The property is situated in an established industrial area in a prominent triple aspect corner position on Westland Square and just off Westland Road and the A643 Dewsbury Road.

Tenure

Freehold.

Location

Miles: 2 miles south of Leeds city centre; 195 miles north of London
Roads: A643, M1 (Junction 43), M621 (Junction 5), M62 (Junction 28)
Rail: Leeds
Air: Leeds Bradford Airport

Situation

The property is situated in an established industrial area in a prominent triple aspect corner position on Westland Square and just off Westland Road and the A643 Dewsbury Road.

Tenure

Freehold.

Description

The property comprises a site of approximately 0.46 hectares (1.14 acres) upon which has been constructed a warehouse and separate single storey office accommodation with majority hard standing and a steel ring fence. The property also benefits from additional car parking beyond the ring fence, but within the title.
The site cover is approximately 13%.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Office Warehouse	336.23 sq m 274.80 sq m	(3,619 sq ft) (2,958 sq ft)	INTERSERVE INDUSTRIAL SERVICES LIMITED (1)	10 years from 05/06/2013 until 04/06/2023 on a full repairing and insuring lease (2)	£40,750	04/06/2018
Totals		611.03 sq m	(6,577 sq ft)			£40,750

(1) Interserve Industrial Services Limited is a wholly owned subsidiary of Interserve plc. Interserve plc are listed in the FTSE 250 and employ 50,000 people worldwide as one of the leading construction and support services companies and reported a pre-tax profit of £182,900,000 to the year ending 31st December 2012. (Source: www.interserve.com)
(2) The new lease is a renewal of a previous lease.