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Trellows Investments

Trellows Investments Off-Market Listing

Portfolio – Duncombe Street Leeds LS1


Investment Summary

• Modern office building situated in the western side of the Central Business District.
• Modern, self-contained, high quality office accommodation.
• Flexible office accommodation over ground, first and second floors, providing a total of
31,524 sq ft (2,929 sq m) with 32 car parking spaces (1:985 sq ft).
• Let to the undoubted covenant, The Secretary of State for Health on three coterminous
leases expiring October 2021.
• Current passing rent of £533,875 per annum, equating to a low office rent of
c. £15.50 per sq ft.
• Excellent asset management and future development opportunities.
• Supply and demand imbalance for city centre offices, creating a shortage of good quality
office accommodation.
• Mixed-use development within the vicinity including multi-storey student, residential and
hotel schemes, providing high residual land values subject to planning.
• Offers sought in excess of £6,250,000 (Six Million, Two Hundred and Fifty Thousand
Pounds), subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 8.01%
and deduction of Purchaser’s Costs of 6.63%.
• Reflecting a low Capital Value of £198 per sq ft.

  • Off market
  • Selling price £6,250,000.

We will require a buy side fee.

Where we act as a seller’s mandate, we represent the vendors. Our clients wishing to sell their property off-market benefit from impartial advice and a personalised service tailored to their requirements and circumstances. More importantly, we offer sellers unparalleled access to qualified buyers and we ensure that we address the right audience.

In order to achieve the best possible sales result, your property is presented to individual and corporate purchasers, whose buying behaviour and buying power can be backed by a Letter of Intent (LOI) and Proof of Funds (POF). We will provide vendors with professional support throughout the entire process and beyond, including RICS valuations, coordinating viewings, assessing incoming offers, and protecting your interests during sales negotiations.
For further information, luxury property, off-market, off-plan, developments or investments, marketing or help finding your next property please contact us anytime.

Office: +44(0)330 2236988

#investments #developments #residentialdevelopments #residentialinvestments #trellows #trellowsinvestments

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