形容

No.1 Midpoint Business Park provides the opportunity to acquire a modern Freehold office investment. The building extends to 39,178 sq ft (NIA) on a prominent 2.5 acre plot. 185 dedicated parking spaces provide an excellent ratio of 1:212 sq ft.

Internally, the office, which was purpose built in the year 2000, provides a modern Grade A specification including a full-height glazed atrium, an 8-person passenger lift and raised access floors & VAV air conditioning throughout. The property has an EPC Rating of B.

The property is located on Midpoint Business Park, which is prominently positioned within the Thornbury Commercial District, approximately 3 miles east of Bradford city centre and 8 miles West of Leeds city centre. It's strategic location provides excellent connectivity to the regional motorway network via the A6177 Bradford Ring Road and Junction 26 of the M62 Motorway.

...

特性

賃貸可能面積

3,640 ㎡

竣工年

2000

EPCの

Grade B

契約残存期間

14.5 年

年間賃料総額

￥109,714,692.57

PSFのレンタル

￥2,799.99

提示価格

￥854,307,000

キャップレート

12.05%

メディア

投資のハイライト

The building is let in its entirety by way of a new 15-year Full Repairing and Insuring lease to Loop Customer Management Limited commencing 10 December 2025 and expiring 9 December 2040 (14.5 years unexpired)
The lease is guaranteed by Kelda Eurobond Co Limited
Highly secure covenant ultimately supported by the Kelda Group / Yorkshire Water group structure
Rebased passing rent of £513,702 per annum, reflecting a low rate of £13.11 per sq ft
Tenant break options in years 4, 8 and 12, subject to 6 months notice - 4 month rent free incentives if the breaks are not exercised
5 yearly upwards-only open market rent reviews

We are instructed to seek offers in excess of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT. A purchase at this level provides an attractive Net Initial Yield of 12.05%, assuming standard purchaser's costs of 6.54% and a low capital value of just £102 per sq ft (well below replacement cost).