1. Well located freehold multi let industrial estate
Parkside indUstrial estate
LENTON DRIVE, LEEDS LS11 5JP
excellentaccessto motorwaynetworkand leeds citycentre

2. Investment Summary
> Well located freehold multi let industrial estate
close to leeds’ city centre and with excellent
access to the motorway network.
> established industrial location.
> the property provides a parade of 11 industrial
units comprising 60,768 sq ft (5,646 sq m) let to 6
tenants producing a topped up rent of £262,508
(2 year rent and rates guarantee on the vacant unit
at £4.50 psf).
> attractive WAULT of 2.04 years to break and
2.8 years to expiry.
> excellent asset management opportunities.
> low capital value of £48.50.
> low average rent of £4.31 psf providing excellent
prospects for future growth.
> offers are invited in excess of £2.95m (Two
Million Nine Hundred and FiftyThousand Pounds)
reflecting a niY of 8.4% and reversionaryyield of
8.76%, based on an erV of £4.50 psf, assuming
standard purchasers costs.
Parkside indUstrial estate
LENTON DRIVE, LEEDS LS11 5JP
5
M621
A653

3. 5
M621
4
3
3
2
1
7
6
43
44
42
29
28
M621
M1
M62
M62
A653
A61
A639
A63
A639
A64(M)
A64
M1
A654
A654
A
A58
A647
A6110
A6110
Middleton
Beeston
Holbeck
M
Tingley
Lofthouse
Rothwell
Woodlesford
Burley
Hunslet
LEEDS
Location
leeds is the principle centre for
Yorkshire and the uK’s fastest growing
city with the second largest
employment total outside of london.
Whilst over the last two decades the economy has transformed to
reduce its reliance on heavy industry, leeds still retains a significant
manufacturing presence and benefits from a diverse occupational base.
leeds is well located at the hub of the northern motorway network. it is
located approximately 56km (35 miles) north of sheffield, 71 km (44
miles) north east of manchester and 312 km (194 miles) north of london.
leeds sits immediately to the north of the intersection of the m1 (J42)
and m62 (J27 and 29) motorways, being liked via the m621.
the east coast mainline offers connections to london Kings cross in
approximately 2 hours 20 minutes and leeds Bradford international
airport is located within a 30 minute drive.
Situation
the parade of warehousing units lies in a long established warehousing/
industrial area approximately 2 miles to the south of the city centre and
0.8 miles from Junction 5 m621. the latter provides easy access to the
wider motorway network particularly the m1 and m62. the industrial
estate is accessed directlyoff thea653 (dewsburyroad)via Parkside lane.
the wider estate was largely constructed in the 1970s to 90s with some
limited supply added in circa 2000/1. the property lies to the eastern
fringe of the industrial estate as shown within one of the largest and
closest estates serving the city centre. lenton drive is approximately
300 metres from this turnoff.
Parkside indUstrial estate
LENTON DRIVE, LEEDS LS11 5JP
M621
5
6
A653
Garne
tRoad
ParksideLane
ParksideLane
Lenton Drive
M
iddletonGro
ve
Tunstall Road
BezaS
tree
t
MoorRoad
A61
OldRunRoad
DewsburyRoad
Lockwood Close
Lockwood Way

4. Description
the estate comprises a parade of 11
industrial units each built to a similar
layout and design providing a little
over 5,000 sq ft of accommodation
per unit with eave heights of
approximately 6 metres.
this is save for the corner unit 1 let to Bsl Brammer ltd which is larger
and benefits from increased car parking and office content.
the units are contained with 3 detached blocks along the northern side
of lenton drive. the common form of construction which we would
estimate to date from the late 1980s / early 1990s is of part brick (to
approximately 2 metres) part metal profile sheeted elevations under
pitched portal framed rooves of corrugated sheeting incorporating
approximately 10% translucent lighting panels.
to the front of each unit is a concrete yard and loading is via a large roller
shutter door. also to the front of each of units 3 – 19 is a small brick
built single storey office under a flat felt roof. internally the office
accommodation benefits from gas fired central heating, electric panel
heaters and small ladies and gents toilet facilities.
the individual units have been adapted over the years with some
combined to provide double / triple units to suit tenant needs.
additionally some have had canteens / staff accommodation built within
the warehouse areas. space heating is provided by a variety of gas fired
blower and ceiling mounted radiant down heaters.
unit 1 (Bsl Brammer), the end corner unit, at the junction of Parkside
lane and lenton drive is different to the remainder and extends to some
13,395 sq ft with 2 storey offices along the western elevation. the
warehouse is of double span portal frame incorporating craneage to one
baywith a 5 ton capacity. the 2 storey offices benefit from double glazing,
gas fired central heating to panel radiators and acoustic tile ceilings.
Parkside indUstrial estate
LENTON DRIVE, LEEDS LS11 5JP

5. Tenure
freehold.
Service Charge
the current service charge budget for 2015 equates to £0.40 psf. further
information is available on request.
Tenancies
the propertyis let in according to the tenancyschedule.anycontracted rental
incentives (as indicated below) outstanding at completion will be topped up
by the vendor. commencing income will therefore be £262,508 pa with a 2
year rent and rates guarantee on unit 7 of £23,755pa (£4.50 sq ft).
EPC’s
available on request.
Tenancy
the estate is let as follows.
Unit No. Tenant Area Rent Rent Lease ERV(£) Expiry Break
(sq ft) (£/pa) (£/psf) Start Date @ £4.50/psf
1 BrammerUK Ltd 13,395 54,500 4.07 07/08/13 60,277 06/08/18 07/08/16
3 Dufton Plumbing & Heating Supplies Ltd 5,273 21,092 4.00 16/06/14 23,728 15/06/19 -
5* Saviano Food Import Limited 5,206 22,500 4.32 24/06/14 23,427 23/06/20 -
7 Vacant - 2yearrent and rates guarantee 5,279 23,755 4.50 - 23,755 - -
9, 11 & 13 Lyreco UK Ltd 15,845 69,700 4.40 07/03/12 71,302 28/06/17 -
15 & 17** Hepworths Consulting LLP 10,478 47,151 4.50 27/02/15 47,171 26/02/20 27/02/18
19 School PartnershipTrustAcadamies 5,292 23,815 4.50 02/10/09 23,814 30/09/19 -
TOTAL 60,768 262,513 273,456
*Unit 5 2 months rent free followed by 20 months half rent (£8,750) **Unit 15/17 from 27/02/15 - 26/02/16: £20,956
from 24/04/16 - 23/06/17: £17,500 from 27/02/16 - 26/02/17: £31,434
from 24/06/17 - 23/06/19: £20,000 from 27/02/17 - 26/02/18: £44,531.50
from 24/06/19 - 23/0620: £22,500 from 27/02/18: £47,151
Parkside indUstrial estate
LENTON DRIVE, LEEDS LS11 5JP

6. Covenant Information
of the income 56% comes from 3 substantial companies, Bsl Brammer, lyreco and school Partnership trust academies.
Market Commentary
the imbalance of supply and demand in the leeds industrial sector has led to the positive upward pressure on rents and the hardening of incentives within
the region. the availability of smaller units (10,000 – 35,000 sq ft) has significantly diminished with very little being developed since the last cycle. the
subject property provides an excellent opportunity to increase rental income through lease regears/lease events. see below table of comparables where £5
pdf has recently been secured at the adjacent park.
BSL Brammer Ltd
Were established in 1920 in leeds, they are a market
leader in industrial supplies. they stock and supply
3.5 million product lines with over 350,000 items in
stock at any time from 15 high-tech national
distribution centres. the Brammer Group is
continuing to grow having acquired lonne holding as
(‘lonne’) a distributor of industrial products, operating
predominantly in norway and sweden with further
operations in finland and denmark in 2014. they are
represented in over 350 locations across 19 countries.
Lyreco Ltd
Wholesalers of office machinery and equipment
founded in 1926. as a group they had a turnover of
more than 2 billion euros in 2014, active in 45
countries on 5 continents, 9,000 employees, 8,500
stocked products & 370,000m 2 distribution centres.
School Partnership TrustAcademies
the school Partnership trust academies (sPta) is an
exempt charity with its values drawn from the public
sector and directors appointed on a voluntary basis.
the operation is to advance for the public benefit in
the united Kingdom, by establishing, maintaining,
managing and developing schools offering a broad
and balanced curriculum.
Year ending December 2014 they posted the
following accounts:
Turnover: £723m
PTP: £17.7m
SHF: £155m
Employees: 3,632
Year ending December 2013 they posted the
following accounts:
Turnover: £228m
PTP: £13m
SHF: £97m
Employees: 1,375
Year endingAugust 2014 they posted the
following accounts:
Turnover: £145.7m
PTP: £29.7m
SHF: £149.8m
Employees: 2,404
Date Property Tenant Size Rent Lease
(sq ft) (£/psf) Terms
Dec 2014 NepshawLane Leeds Walke investments 30,220 4.75 5 years
Jul 2014 U11 Parkside Industrial Estate artic Products 9,850 4.33 5 years
Oct 2015 U5 Parkside Industrial Estate dtPmicrosystems 5,204 5.00 3 years
Sep 2015 U3 Parkside Industrial Estate regal leisure 5,939 4.72 5 years
May2015 U3 Cross GreenVale london city Bond 10,785 5.00 10 years (break year 6)
Parkside indUstrial estate
LENTON DRIVE, LEEDS LS11 5JP

7. Jonathan Brierley t: 0113 323 7401 m: 07710 130 468 e: jbrierley@steadmanbrierley.co.uk
John Steadman t: 0113 323 7400 m: 07710 130 469 e: jsteadman@steadmanbrierley.co.uk
Ted Hustler t: 0113 323 7402 m: 07814 710 838 e: thustler@steadmanbrierley.co.uk
IMPORTANT NOTICE these particulars do not constitute either the whole or any part of an invitation, offer or contract in relation to the property described in the particulars. steadman Brierley has no authority to make or give any
representation or warranty, express or implied, on behalf of any party in relation to the property. Whilst the particulars are given in good faith, intending purchasers or tenants must satisfy themselves independently as to the accuracy
of all matters on which they intend to rely. all negotiations are subject to contract. november 2015. BOWMANS Design & Print 0113 272 0088.
further information
for further information or to arrange an inspection
of the properties please contact:
VAT
the property is elected forVat and it is envisaged that the sale will be
treated as a transfer of Going concern (toGc).
Investment Proposal
We are instructed to seek offers in excess of £2.95m
(Two Million Nine Hundred and FiftyThousand
Pounds) subject to contract and exclusive ofVat. a
purchase at this level would represent an initial yield
of 8.4% and a reversionaryyield of 8.76% based on
an erV of £4.50 psf after the deduction of
purchasers costs at 5.8%.
Parkside indUstrial estate
LENTON DRIVE, LEEDS LS11 5JP