Hume House, Tower House Street Leeds LS2 8NT

Hume House, Tower House Street
Leeds
LS2 8NT

Freehold Office Investment

Entirely let to Trillium (Prime) Property GP Limited
Prominent location near Leeds City Centre
Future Redevelopment Potential (subject to consents)
Approximately 18,716 sq ft (1,738 sq m)
Six Week Completion Period

Lot
8
Auction
13th February 2014
Rent
£188,000 per Annum Exclusive
Status
Sold
Price
£1,675,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Joint LPA Receivers, DTZ

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Freehold Office Investment

Entirely let to Trillium (Prime) Property GP Limited
Prominent location near Leeds City Centre
Future Redevelopment Potential (subject to consents)
Approximately 18,716 sq ft (1,738 sq m)
Six Week Completion Period

Lot 8
Auction 13th February 2014
Rent £188,000 per Annum Exclusive
Status Sold
Price £1,675,000
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Joint LPA Receivers, DTZ

Property Information

Location

Miles: 11 miles east of Bradford, 26 miles south-west of York, 45 miles north-east of Manchester, 36 miles north of Sheffield
Roads: A1 (M), A58, M1, M62
Rail: Leeds Train Station (London King’s Cross: 2 hours)
Air: Leeds Bradford Airport

Situation

The property is situated to the north-east of Leeds city centre on the western side of Wade Lane with additional frontage onto both Tower House Street and Merrion Way. The property lies adjacent to the modern Opal Tower student accommodation, close to Leeds Arena and opposite to Merrion Shopping Centre which houses occupiers including Morrisons, Sainsbury’s, Greggs, Superdrug and Boots. Other nearby office occupiers include Lloyds Bank, Yorkshire Bank, Halifax and Eversheds.

Tenure

Freehold.

Location

Miles: 11 miles east of Bradford, 26 miles south-west of York, 45 miles north-east of Manchester, 36 miles north of Sheffield
Roads: A1 (M), A58, M1, M62
Rail: Leeds Train Station (London King’s Cross: 2 hours)
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises office accommodation arranged over part two and part five storeys. The property benefits from a seven person passenger lift and 16 car spaces. Substantial tenant works were carried out in 2012.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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	Reversion
Basement Ground Ground First Second Third Fourth	Storage Storage Office Office Office Office Office	17.30 sq m 16.20 sq m 418.60 sq m 387.40 sq m 299.80 sq m 299.80 sq m 299.70 sq m	(186 sq ft) (174 sq ft) (4,506 sq ft) (4,170 sq ft) (3,227 sq ft) (3,227 sq ft) (3,226 sq ft)	TRILLIUM (PRIME) PROPERTY GP LIMITED (1) (2) (Occupied by Department of Work and Pensions)	9 years and 4 days from 28/03/2009 on a full repairing and insuring lease	£188,000	31/03/2018
Totals		1,738 sq m	(18,716 sq ft)			£188,000

(1) For the year ending 31/03/2012, Trillium (Prime) Property GP Limited reported a turnover of £560,438,000, pre-tax profits of £37,612,000 and a total net worth of £407,856,000. (Source: www.riskdisk.com 19/12/2013)
(2)For the purposes of clarification, Trillium (Prime) Property GP Limited will benefit from a rent free period from 31st March 2014 until 31st March 2015. The seller has agreed to adjust the completion monies so that the unit will effectively produce £188,000 p.a.x. from completion of the sale.