Job Centre Plus Century House, Churchlane Pudsey, Nr Leeds West Yorkshire LS28 7RQ

Job Centre Plus
Century House, Churchlane
Pudsey, Nr Leeds
West Yorkshire
LS28 7RQ

Freehold Office Investment

Let to The Secretary of State for Communities and Local Government on a renewed lease until 2027 (no breaks)
Substantial building approximately 1,949 sq m (20,979 sq ft)
Prominent town centre location 100 metres from central bus station
Long term residential redevelopment potential (subject to consents)
Nearby occupiers include the main Post Office, Sainsbury’s, Argos, Greggs, Lloyds Pharmacy and Fultons Foods

Lot
33
Auction
5th December 2018
Rent
£121,800 per Annum Exclusive
Status
Sold
Price
£1,700,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Office Investment

Let to The Secretary of State for Communities and Local Government on a renewed lease until 2027 (no breaks)
Substantial building approximately 1,949 sq m (20,979 sq ft)
Prominent town centre location 100 metres from central bus station
Long term residential redevelopment potential (subject to consents)
Nearby occupiers include the main Post Office, Sainsbury’s, Argos, Greggs, Lloyds Pharmacy and Fultons Foods

Lot 33
Auction 5th December 2018
Rent £121,800 per Annum Exclusive
Status Sold
Price £1,700,000
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 7 miles west of Leeds; 5 miles east of Bradford
Roads: B6154, A6110, M621, M62
Rail: New Pudsey Railway Station
Air: Leeds Bradford Airport

Situation

Pudsey is located 7 miles west of Leeds and 5 miles east of Bradford. The property is prominently situated in a corner position at the junction of Church Lane and Lower Tofts Road. Neighbouring occupiers include the main Post Office, Sainsbury’s, Argos, Greggs, Lloyds Pharmacy and Fultons Foods.

Tenure

Freehold.

Location

Miles: 7 miles west of Leeds; 5 miles east of Bradford
Roads: B6154, A6110, M621, M62
Rail: New Pudsey Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial office building comprising open plan office accommodation arranged on the ground, first, second and third floors. The property benefits from a rear car park accommodating some 30 cars. The property may be suitable for long term residential redevelopment (subject to consent).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E. See legal pack at acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First Second Third	Office Office Office Office	275 sq m 545 sq m 571 sq m 558 sq m	(2,960 sq ft) (5,867 sq ft) (6,146 sq ft) (6,006 sq ft)	THE SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT t/a Job Centre Plus	From 01/04/2018 until 31/03/2027 on a full repairing and insuring lease (1)	£121,800 (2)	31/03/2023
Total		1,949 sq m	(20,979 sq ft)			£121,800 (2)

(1) The Lease is on full repairing and insuring terms subject to an arrangement during the period where the Government or a Government Department is the tenant where generally the Government will be self-insuring i.e. there is no requirement for the tenant to insure and no entitlement for the landlord to insure. Where those circumstances apply the Government Department assumes the risk of reinstatement as set out in Schedule 9 of the lease.
(2) The lease provides for a rent free period from 1st April 2018 until 1st January 2020. The seller will pay the buyer monies equivalent to £121,800 per annum exclusive from completion of the sale until the end of the rent free period. Therefore the property will produce £121,800 per annum exclusive from the completion of the sale.