Best-in-class Leeds office investment

An outstanding and rare opportunity to acquire a best-in-class Leeds office investment. Redeveloped back to frame, delivering an effectively new-build Grade A office. All-electric, 52,237 sq ft building in arguably the most prime location in Leeds City Centre. Leading ESG credentials: BREAM Excellent, EPC A, smart building controls and EV charging. Fully let to nine international tenants, including Lloyds Bank pc and N M Rothschild & Sons Limited. Dun & Bradstreet 5A1 covenants provide 63% of the income. WAULT of 7.5 years to expiry and 4.5 years to break. Passing rent of £1,962,788, reflecting a low average of £36.94 per sq ft (excluding fitted space), against a current ERV in excess of £2,500,000. Upcoming lease events offer the opportunity to capture reversion and drive performance. Leeds has seen significant rental growth, with headline rents now reaching £52.50 per sq ft and further growth expected.