LOCATION
Victoria Court is located near the junction of the A643 Victoria Road and Church Street to the top end of Churwell Hill approximately half a mile from Morley centre and some three miles to the south west of Leeds City Centre.
DESCRIPTION
Victoria Court is an attractive, modern office development comprising nine self-contained office buildings set within a secure, pleasant, landscaped courtyard environment. Unit 8 is a two storey building constructed in attractive local stone under a single pitched roof with modern double-glazed windows. The specification includes:
Gas central heating
Modern suspended ceiling incorporating Cat II lighting
Carpeting and decorations throughout
Security alarm
w/c facilities
Perimeter trunking
Kitchen facility
ACCOMMODATION
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the office provides the following approximate internal areas of:
Ground floor 1175 Sq. ft (109.2 Sq. m)
First floor 1175 Sq. ft (109.2 Sq. m)
Total: 2360 Sq. ft (218.4 Sq. m)
The property benefits from 5 parking spaces per floor (10 in total).
TENURE
The property is held by way of a long leasehold interest with a term of 999 years from 1992. The owner is responsible for a proportion of Estate Service Charge to maintain the common areas. The property is occupied by way of the following under leases:
Ground Floor is let to Legal & General until Jan 2023 at current passing rent of £11,400 pa (£9.70 psf)
First Floor is let to Corps Security Ltd which expires in April 2022 at a current passing rent of £11,400 pa (£9.70 psf). The tenant has agreed a lease renewal from 10th April 2022 for a term of 5 years at £13,000 pa. The total income from April 2022 is £24,800 pa. VAT is applicable.
TERMS Our Client’s Long Leasehold interest is offered for sale at a guide price of £325,000 plus VAT. VAT is applicable on this property.
BUSINESS RATES According to the Valuation Office Agency website, the property has current 2017 Rateable Values of:
Ground floor £8,900.00
First floor £8,900.00
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