SOLD Landscape House, Lowfields Business Park, Elland HX5 9HT


SOLD Landscape House, Lowfields Business Park, Elland HX5 9HT

Rare opportunity to acquire a Prime Head Quarters office building occupied by a major UK Plc for in excess of 21 years, with fixed indexation.

Modern Grade A accommodation extending to 3,020.24 sqm (32,510 sq ft) over ground, 1st and 2nd floors in two wings

Freehold.

Let to Marshalls Mono Limited (Company No: 509579), D&B Rated 5A1.

Passing rent of £471,366 pa is subject to fixed increases every 5th year equivalent to 2.5% pa compounded. The vendor will top up the rent to £533,307 pa (12 November 2017 increase).

Offers are invited in excess of £7,000,000 (SEVEN MILLION POUNDS) subject to contract and exclusive of VAT. A purchase at this level reflects the following attractive yield profile:

Net Initial Yield 7.14%

Reversion Yield in 2022 8.08%

Reversion Yield in 2027 9.14%

Reversion Yield in 2032 10.35%

No ACF gallery field data found

Downloads

Click below to download the sales particulars:

Further Information

If you would like any further information on the above property please get in touch with us.
Get in touch

Subscribe to the MK2 mailing list:

MK2 Real Estate | 4th Floor | One Seven Two Edmund St | Birmingham | B3 2HB
RICS
© MK2 Real Estate 2018. All Rights Reserved. Site by Diablo
usersdownload linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram