Unit 7 Victoria Court, Leeds

Asking price of £215,000
For Sale

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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 7 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 859 Sq. ft (79.8 Sq. m)  

First floor 754 Sq. ft (77.01 Sq. m)  

Total: 1613 Sq. ft (149.6 Sq. m)  

The property benefits from 5 parking spaces  


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 Brazier Consulting Services Ltd at a rent of £7,600 plus vat pa. The lease is for a  term of 5 years expiring September 2024. There is a rent review in Sept 2022. There is a tenants option  to break at Sept 2022, with no less than 6 months prior written notice.   

First Floor is under offer for a 5 year lease (no break) to Springfield Training Ltd with rent free until  April 2022 at a rental of £8,000 pa to Springfield Training Ltd.  The total income is £15,600 pa (all plus VAT).  


TERMS  

Our Client’s Long Leasehold interest is offered for sale at a guide price of £215,000 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 £5,800.00  

First floor £5,500.00

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