Multi-let office investment in the heart of Leeds

Prime reversionary multi-let office within Leeds City Centre office core. The building has been extensively refurbished in recent years to achieve best in class, fully electric, Grade A accommodation. 53,834 sq ft over ground and eight upper floors with 21 basement parking spaces. Close to Leeds City Station and the main shopping areas. Let to 8 tenants including Alvarez & Marsal, Goodall Brazier, Q-Park, Appleyard Lees IP, and Clearwater Corporate Finance. Total Net passing rental of £1,592,101 per annum with office rents ranging from £23.79 psf to £35 psf (average rent £28.98 psf) showcasing reversionary potential. New headline rent recently achieved on the 6th floor of £35 per sq ft. Prime headline rents in Leeds are now at £42.50 psf and a new headline deal is under offer at £46 psf. WAULT of 7.27 years to expiry and 3.22 years to breaks. Excellent ESG credentials including BREEAM: Very Good, EPC: B, Proposal. WiredScore: Platinum and Fitwel: 1.