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Prime Last Mile Industrial / Development Opportunity

Leeds, United KingdomUnlock address

76%

£2.250.000

Industrial

#34429

Core+, Value-Add

18 Aug 2024

Property Details

Broker

For sale

42,937 sq.ft.

3,989 m²

Gross area

52 £/sq.ft.

564 £/m²

0

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Leeds is the main commercial centre of West Yorkshire with a regional economy of £69bn and a population of approximately 3 million people. Situated on the eastern fringe of Leeds City Centre within the Marsh Lane Opportunity Area. The property comprises a two storey industrial unit with ancillary office accommodation. Provided with vacant possession (August 2024). Total gross internal area of 42,937 sq ft. Site area of 0.69 acres. Off-road parking provided within the ownership. Strong underlying development potential with several major residential high rise apartment schemes completed, under construction or in the planning stage. Suitable for last mile occupiers including self-storage, dark kitchens and other industrial uses. Pre-application planning application submitted for 223 residential apartments.