Trust House, St James Business Park, New Augustus Street, Leeds, BD1 5LL

• Well specified office building extending to 2,119.43 m² (22,812 ft²) with generous carparking provision of 1:268 ft².• Prominently located on one of the city’s key business parks, fronting the Inner Ring Road and providing excellent access to both the city Centre and motorway network.• Let on a single lease to the substantial covenant of Halifax Ltd for a term of 25 years from 11 January 1991 (4.25 years unexpired).• Low passing rent of £279,550 per annum (£12.22 ft²).• Sublet in its entirety for the remainder of the term to Incommunities Group Ltd, Bradford’s largest social housing provider.• Potential asset management angles.• Offers invited in the region of £2,200,000, subject to contract and exclusive of VAT, which reflects a net initial yield of 12%, based on the usual purchase costs of 5.8%.

Location