Sovereign House, Leeds
In Q1 2018 Joiner Cummings acted for APAM on the sale of Sovereign House - 1-2 South Parade, Leeds.
Multi-let prime office and leisure investment in the heart of Leeds office and leisure cores.Prominent corner building with three frontages onto South Parade, Park Row and The Headrow.Let to four tenants with an attractive AWULT of 6.7 years (6.5 years to breaks).Strong tenant occupier profile including Hays, the renowned Bierkeller and Shooters Bar.Low average rents providing strong reversionary potential, the leisure rent reflects only £14.48 psf.Excellent asset management potential to enhance the income and unexpried term.Freehold
