SOLD Landscape House, Lowfields Business Park, Elland HX5 9HT

SOLD Landscape House, Lowfields Business Park, Elland HX5 9HT

Rare opportunity to acquire a Prime Head Quarters office building occupied by a major UK Plc for in excess of 21 years, with fixed indexation.

Modern Grade A accommodation extending to 3,020.24 sqm (32,510 sq ft) over ground, 1st and 2nd floors in two wings


Let to Marshalls Mono Limited (Company No: 509579), D&B Rated 5A1.

Passing rent of £471,366 pa is subject to fixed increases every 5th year equivalent to 2.5% pa compounded. The vendor will top up the rent to £533,307 pa (12 November 2017 increase).

Offers are invited in excess of £7,000,000 (SEVEN MILLION POUNDS) subject to contract and exclusive of VAT. A purchase at this level reflects the following attractive yield profile:

Net Initial Yield 7.14%

Reversion Yield in 2022 8.08%

Reversion Yield in 2027 9.14%

Reversion Yield in 2032 10.35%

No ACF gallery field data found


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