Hanover Green are delighted to bring to market Mabgate Junction, Leeds.
Prominently located on Regent Street, the A61 road into Leeds city centre, within 500m of the Victoria Quarter and Leeds City Centre retail core.
- Securely let retail park with Aldi and Pure Gym accounting for 80% of the income with RPI rent reviews
- Located in the heart of the Mabgate Regeneration Area where well over 1,500 new build apartments are planned within 500m of the subject property
- Significant growth in immediate resident population over next 5 years
- Long term potential for significantly higher density development on site (STPP) with 10 storey plus residential developments with planning consent in the immediate vicinity.
Offers are sought in excess of £9,700,000, this reflects a Net Initial Yield of 5.50%, subject to contract and exclusive of VAT and reflecting purchaser costs of 6.70%.