36 Park Row, Leeds, LS1 5JL

Prime Multi-let City Centre Office Investment Opportunity
Rare opportuinty to acquire a property in an unrivalled position within 100m of Leeds Rail Station27,136 sq ft of accommodation over basement, ground and six upper floorsHighly flexible and divisible floor platesBasement car parking21% vacancy providing excellent asset management opportunitiesCommon areas refurbished between 2012 - 2014Defensive asset with excellent potential for residential conversionFreeholdCurrent passing rent of 310,975.50 per annumPricingSeeking offers in excess of £4,500,000, subject to contract and exclusive of VAT.  Assuming purchase costs of 6.57%, an offer at this level would reflect the following:-

A net initial yield of 6.48%
A reversionary yield of 8.62% once the vacant space is let
A low capital value of only £165 per sq ft

Location