Ailsa House, Turnberry Park LS27

Ailsa House, Turnberry Park LS27

26,625 sq ft (2,473.5 sq m)

Morley 1.6 miles
Cottingley 2.2 miles
Batley 2.6 miles

Multi-let office investment located on Turnberry Park which is a 1 minute drive to the M62 - M621 interchange.

High quality modern office accommodation with flexible floor plates benefitting from a rolling refurbishment programme.

Providing a total of 26,625 sq ft of offices over 3 storeys.

Let to 2 tenants with 59% of rent from the Secretary of State for Housing, Communities, and Local Government, who also house their data centre in Ailsa House.

Rent passing of £352,551 pa, equating to a low rent of £13.24 psf.

WAULT of 3.29 years (1.61 years to break).

Various asset management opportunities including letting the vacant accommodation (4,486 sq ft), and renewing the lease to the Secretary of State for Housing, Communities, and Local Government.

Part of a 3-property portfolio - further details available on application.

Consideration will be given to the sale of the individual assets.

Key Features

  • D - 90

Location

Ailsa House is prominently located off the A650 to the front of Turnberry Park, adjacent to J27 of the M62 and the start of the M621 which links into Leeds City Centre approximately 7 miles to the north.

Leeds is the largest metropolitan area in Yorkshire approximately 170 miles to the north of London, situated on the M1 and M62 motorways providing access to the north west, the midlands and the south. Leeds has approximately 509,000 office employees with 277,000 of these employees being based OOT, and is the third largest employer out of the Big 6 markets (Manchester, Edinburgh, Glasgow, Birmingham, Bristol and Leeds). Unemployment as at May 2021 stood at 6.7% which compares to 6.9% across the Big 6.

Major occupiers in Leeds include Capita, Leeds City Council, Asda, BT Group, Direct Line, Lloyds Banking Group, British Gas, GFKL Lowell Group, BskyB, William Hill Group, Deloitte, HSBC, Npower and Yorkshire Building Society.

Key Property Details
Tenure
Freehold £14,200,000 Offers in excess of
Size
26,625 Sq Ft 2,473.5 Sq M
Type
Offices Investments (Offices and Labs)
Carter Jonas reference
20012432
Property agent
Tom Forman
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