Albion Park, Albion Way, LeedsPosted on December 7, 2017
In September 2017 Clay Street completed the acquisition of Albion Park on behalf of Ribston.
- The 74,993 sqft estate comprises 12 modern industrial units with individual unit sizes ranging from 1,275 sqft to 20,552 sqft.
- The property is located 1 mile west of Leeds City Centre.
- Current passing rent of £343,068 per annum equating to a low average rent of £4.57 per sqft.
- The average weighted unexpired lease term is 2.93 years to expiry and 1.28 years to break.
The estate was purchased from L&G (IPIF) for £5,000,000 reflecting a Net Initial Yield of 6.47%.