Property Detail

LOCATION

The property forms one of three units standing on Victoria Industrial Park just off Coal Road, readily accessible for Leeds City Centre and the motorway network.

DESCRIPTION

The property comprises a lofty warehouse with ancillary office accommodation built around a steel portal frame with external walls clad partly in brick and partly in profiled metal sheeting under a profiled metal sheet roof.  There is a shared secure concrete yard with loading door to warehouse space and separate car parking area adjacent to the office entrance.

ACCOMMODATION

Warehouse

15,543 sq.ft. (1443 sq.m.) with electrically operated roller shutter door, 3 phase electricity and having 28 ft (8.5m) eaves height.

Offices

There are 2 levels of offices, which are finished to a high standard having separate ladies, gents and disabled WC's.  The office space extends to 3,530 sq.ft. (328 sq.metres) on each of 2 floors.

RATEABLE VALUE

The property is assessed for rating purposes at rateable value �91,500.

LEASE

The property is to be sold subject to a new 15-year Lease with rent reviews at three yearly intervals with a tenants option to break at the fifth and tenth year at an annual rent of �110,000 per annum.  The Lease will be on effective full repairing and insuring terms.  The Lease will be granted to Fimex Ltd.  The company has been trading for 17 years in the business of wholesale warehousing and distribution of socks. 

TERMS

The property is offered for sale at a price of �1,300,000 for the freehold interest subject to the Lease to Fimex Ltd. 

LEGAL COSTS

Each party is to be responsible for their own legal costs and transaction.

VIEWING

Strictly by appointment with the Chartered Surveyors.

JOINT AGENT

Joint agent is Tim Frith of Sanderson Weatherall - 369 6000

Subject to Contract

MISREPRESENTATION CLAUSE

Nabarro McAllister & Co for themselves and for vendors or lessors of this property whose agents they are, give notice that:

1.             The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute nor constitute part of, an offer or contract;

2.             All descriptions, dimensions, reference to condition and necessary permission for use and occupation and other details are given without responsibility and any intending purchasers or tenants should not rely on any statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;

3.             No person in the employment of Nabarro McAllister & Co has any authority to make or give any representation or warranty whatever in relation to this property.       Regulated by RICS