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Ashley Lane, Shipley, BD17
14,030 sf
Office Investments for Sale
Ashley Lane, Shipley, BD17
car park, constructed to a good standard in 2000 and incorporating high quality finishes.
Suites 1 & 2 at ground floor level, and Suite 3 at first floor level are all let to Sydney Packett & Sons Limited for a term of 10 years from 9 October 2014, without further break, or review, at a passing rental of £69,500 PA. The first floor suite is sublet to Verifone UK Limited. Suites 4, 5 & 6 are let to Verifone UK Limited for a term of 5 years from 20th February 2020, subject to a tenant only option to break at the end of the 3rd year of the term, without further review. The current passing rent is £69,102 PA Excl. The total gross passing rent is £138,602 PA Excl plus VAT.
Net yield of approx 8.9%.
Location
Salts Wharf is situated on the northern periphery of Shipley Town Centre, in an established commercial and office area, situated alongside the Leeds & Liverpool Canal, with access from Salts Mill Road and ultimately Ashley Lane. The immediate surrounding area includes a number of sympathetically reconstructed and refurbished office buildings and excellent access is provided via Salts Mill Road from both Otley Road (A6038) and Leeds Road (A657) at thenearby junction to the north of the Leeds & Liverpool Canal.
The property is in close proximity, and easy walking distance of both Shipley & Saltaire Railway Stations, giving a good service to Leeds, Bradford, Keighley, Skipton and Ilkley. The surrounding area includes a number of major occupiers including Intouch Advance, Beaumont Robinson, Incommunities, Ortho-Care UK etc. Nearby to the west is the Waterfront development which includes Regus, Advisor Plus Business Solutions, McMillan Cancer Support etc. Immediately to the east is the Saltaire Unesco World Heritage Site, which includes at its centre Salts Mill and New Mill, where occupiers include The Hockney 1853 Gallery, Bradford District Care NHS Foundation Trust, Salts Diner, The Book Shop, All Terrain Cycles, Early Music Shop, Carlton Antiques, Trek & Trail as well as a number of major commercial and industrial occupiers. Other nearby occupiers also include The Noble Comb Public House, Aagrah Restaurant, Ibis Hotel etc.
Related links
Investment property for SaleInvestment property for Sale in ShipleyMark Brearley & Co
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