Office Investment Opportunity For Sale in Leeds, LS15

This property is marketed by:
Colliers

Key Features

• We are instructed to seek offers in excess of £6,700,000
• A purchase at this level reflects a capital value of £227 per sq. ft.
• Rental income at £680,872.00 per annum
• NIY - 9.52%
• NRY - 10.33%

Reversionary office investment opportunity, located in one of Leeds' premium office parks.

3150 Century Way is a three-storey headquarters office building comprising 29,534 sq ft NIA of Grade A office accommodation on the established Thorpe Park, Leeds

Fully-let to SharkNinja Europe Ltd and Hawkswell Kilvington Limited (both Creditsafe A rated), providing strong security of income and a low average passing rent of £680,872 pa (£23.05 psf) with the latest lettings on Thorpe Park transacting at £25 psf.

3150 serves as SharkNinja’s European HQ. They are a committed tenant (88% of contracted income) having recently expanded by taking the entire ground floor and reception.

WAULT of 3.59 years to earliest termination (contracted income)

4.18 years to expiry.

Strategically located adjacent to junction 46 of the M1 offering fantastic links via road. The building is already less than a 15-minute walk to Cross Gates Station, but with the new planned Thorpe Park railway station will reduce journey times to Leeds City Centre to just 8 minutes.

Thorpe Park is generally considered to be the best out of town office location for Leeds due to its excellent public transport and road links as well as benefitting from fantastic amenity on the park including the Springs Shopping Centre with its extensive retail and leisure offering.

Large site area of approximately 1.80 acres providing excellent future redevelopment and alternative use potential (STPP).

Exceptional office car parking ratio with 127 secure car parking spaces (1:233 sq ft).

Excellent natural light with impressive double height reception and windows on all four elevations.

The common areas and ground floor suite have recentl.