Tenants include Ricoh Europe ASP Ltd, Amey plc and Warranties Direct Ltd
Situated on established office and business park location
Comprises 1 detached and 8 semi-detached office buildings
Approximately 2,465.85 sq m (26,542 sq ft)
Car parking for approximately 100 cars, providing a car parking ratio of 1:265
Future redevelopment potential (subject to consents)
Lot 10
Auction 23rd October 2014
Rent £274,840 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
5 miles south-west of Leeds City Centre 7 miles south-east of Bradford
29 miles south-west of York
Roads
A643, M62 (Junction 27), M621 (Junction 27)
Rail
Morley Railway Station
Air
Leeds Bradford Airport
Situation
Morley Business Park is some 5 miles south-west of Leeds city centre, strategically located adjacent to both the M62 and M621 Motorways. The property is situated on Bruntcliffe Way, off Bruntcliffe Lane (A643), within the established Morley Business Park, a well located commercial centre. Nearby occupiers include Santander and Travelodge.
Tenure
Freehold.
Location
Miles
5 miles south-west of Leeds City Centre 7 miles south-east of Bradford
29 miles south-west of York
Roads
A643, M62 (Junction 27), M621 (Junction 27)
Rail
Morley Railway Station
Air
Leeds Bradford Airport
Situation
Morley Business Park is some 5 miles south-west of Leeds city centre, strategically located adjacent to both the M62 and M621 Motorways. The property is situated on Bruntcliffe Way, off Bruntcliffe Lane (A643), within the established Morley Business Park, a well located commercial centre. Nearby occupiers include Santander and Travelodge.
Tenure
Freehold.
Description
The property comprises an office park of 1 detached and 8 self-contained semidetached office buildings. The property benefits from a site area of approximately 0.75 hectares (1.85 acres) providing car parking for approximately 100 cars. The accommodation benefits from double glazing, suspended ceilings, recessed lighting, perimeter trunking and central heating.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an office park of 1 detached and 8 self-contained semidetached office buildings. The property benefits from a site area of approximately 0.75 hectares (1.85 acres) providing car parking for approximately 100 cars. The accommodation benefits from double glazing, suspended ceilings, recessed lighting, perimeter trunking and central heating.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Unit 1
Ground First
Office
153.29 sq m 162.95 sq m
(1,650 sq ft) (1,754 sq ft)
VACANT POSSESSION
Unit 1A
Ground First
Office
159.60 sq m 162.40 sq m
(1,718 sq ft) (1,748 sq ft)
ERBE MEDICAL UK LTD
10 years from 16/04/2007 (1)
£46,340
15/04/2017
Unit 2
Ground First
Office
96.70 sq m 98.90 sq m
(1,041 sq ft) (1,065 sq ft)
WARRANTIES DIRECT LTD
From 13/09/2013
£25,000
30/11/2016
Unit 2A
Ground First
Office
96.70 sq m 98.90 sq m
(1,041 sq ft) (1,065 sq ft)
AMEY PLC (2)
25 years from 24/06/1990
£27,000
23/06/2015
Unit 3
Ground First
Office
91.23 sq m 97.36 sq m
(982 sq ft) (1,048 sq ft)
VACANT POSSESSION
Unit 3A
Ground First
Office
96.70 sq m 98.90 sq m
(1,041 sq ft) (1,065 sq ft)
RICOH EUROPE ASP LTD 2 (3)
25 years from 24/06/1990
£26,750
23/06/2015
Unit 4
Ground First
Office
204.96 sq m 207.26 sq m
(2,206 sq ft) (2,231 sq ft)
WHITEGATES (HOLDINGS) LTD
25 years from 25/03/1990
£51,750
24/03/2015
Unit 5
Ground First
Office
155.00 sq m 162.70 sq m
(1,668 sq ft) (1,751 sq ft)
CGI IT UK LTD (4) (5)
25 years from 25/03/1991
£49,000
24/03/2016
Unit 5A
Ground First
Office
159.60 sq m 162.70 sq m
(1,717 sq ft) (1,751 sq ft)
CGI IT UK LTD (4) (5)
25 years from 25/03/1991
£49,000
24/03/2016
Totals
2,465.85 sq m
(26,542 sq ft)
£274,840
(1) The lease is subject to a schedule of condition. (2) For the year ending 17/12/2013, Amey Plc reported pre-tax profits of £68,088,000 and a total net worth of £215,975,000. (Source: www.riskdisk.com 19/08/2014). (3) The tenant is not currently in occupation. (4) For the year ending 30/09/2013, CGI IT UK Limited reported a turnover of £573,435,000, pre-tax profits of £52,860,000 and a total net worth of £611,664,000. (Source: www.riskdisk.com 19/08/2014). (5) The tenant is not currently in occupation.
