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Leeds - South Parade

Sovereign House LS1 5QL

Status: Sold

Date: 25 January, 2018

Type: Offices

Details: Download PDF

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