Unit 8 Victoria Court, Leeds

Asking price of £325,000
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 8 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 1175 Sq. ft (109.2 Sq. m)  

First floor 1175 Sq. ft (109.2 Sq. m)  

Total: 2360 Sq. ft (218.4 Sq. m)  

The property benefits from 5 parking spaces per floor (10 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 Legal & General until Jan 2023 at current passing rent of £11,400 pa  (£9.70 psf)   

First Floor is let to Corps Security Ltd which expires in April 2022 at a current passing rent of  £11,400 pa (£9.70 psf). The tenant has agreed a lease renewal from 10th April 2022 for a  term of 5 years at £13,000 pa.  The total income from April 2022 is £24,800 pa. VAT is applicable.    


TERMS  Our Client’s Long Leasehold interest is offered for sale at a guide price of £325,000 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 £8,900.00  

First floor £8,900.00

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