LOCATION
Victoria Court is located near the junction of the A643 Victoria Road and Church Street to the top end of Churwell Hill approximately half a mile from Morley centre and some three miles to the south west of Leeds City Centre.
DESCRIPTION
Victoria Court is an attractive, modern office development comprising nine self-contained office buildings set within a secure, pleasant, landscaped courtyard environment. Unit 5 is a two storey building constructed in attractive local stone under a single pitched roof with modern double-glazed windows. The specification includes:
Gas central heating
Modern suspended ceiling incorporating Cat II lighting
Carpeting and decorations throughout
Security alarm
w/c facilities
Perimeter trunking
Kitchen facility
ACCOMMODATION
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the office provides the following approximate internal areas of:
Ground floor 964 Sq. ft (90.5 Sq. m)
First floor 888 Sq. ft (82.5 Sq. m)
Total: 1852 Sq. ft (172.1 Sq. m)
The property benefits from 5 parking spaces in total.
TENURE
The property is held by way of a long leasehold interest with a term of 999 years from 1992. The owner is responsible for a proportion of Estate Service Charge to maintain the common areas. The property is occupied by way of the following under leases:
Ground Floor is let to Springfield Training Ltd with the lease guaranteed by Personal Track Safety Ltd. Rent is £9,800 pa plus VAT. The tenant has just renewed the lease for a term of 5 years from 1st April 2022. The lease benefits from a tenants option to break at the end of the third year (April 2025) and rent review should the lease continue. They benefit from 3 parking spaces
First Floor is let to Capital Management CFP Ltd, but by way of a Licence to Occupy at a rent of £10,600 pa plus VAT. Tenancy expired March 2020. They benefit from 2 parking spaces. The entire building is let at a current total passing rent of £20,400 per annum (£11 per square foot.)
TERMS
Our Client’s Long Leasehold interest is offered for sale at a guide price of £240,000 plus VAT. VAT is applicable on this property.
BUSINESS RATES
According to the Valuation Office Agency website, the property has current 2017 Rateable Values of:
Ground floor £6,900.00
First floor £6,500.00
Similar Properties
