Request for offers on income producing office investment in Leeds City Centre

Published on: 30th May 2017

Cathedral Chambers is a centrally located, Grade II listed building, located on Great George Street in Leeds. The property offers 14,000 sq ft of accommodation across four floors, and is currently part let as office space, generating an income of £92,000 per year.

The property is currently for sale as an income producing office investment, suitable for redevelopment, and has residential conversion potential (subject to planning consent).

We are now requesting offers on the property, and ask that prospective purchasers submit their written offers by midday on Thursday 8th June 2017.

Interested parties are advised to ensure that any bids specifically confirm and include the following information:

1. Identity of the purchaser, confirmation of the buying entity and track record;
2. Purchase price;
3. Funding, including confirmation of any third party debt financing;
4. Proposed timescales to exchange and complete contracts;
5. Confirmation that a 10% deposit will be payable on exchange;
6. Due diligence undertaken to date;
7. Any conditions attached to the offer;
8. Approvals: Please provide details of all internal and / or third party approvals (if any) that will be required prior to purchase and the anticipated timescales to achieve approval;
9. Purchasers’ solicitor’s details.

All offers should be submitted in writing by post or via email, and addressed to Tom Goode.

Tom Goode Contact Information - Sanderson Weatherall, 25 Wellington Street, Leeds, LS1 4WG or tom.goode@sw.co.uk

For the avoidance of doubt, please note that our client is not duty bound to accept the highest or indeed any of the offers received.

Click here for more information about Cathedral Chambers.

Contact Us

Office Agency

Our office agency team provide advice and expertise on the sale, acquisition, marketing, development and leasing of office properties and developments across the country. Utilising in-depth experience of the UK office sector coupled with extensive knowledge of the local and regional marketplaces in which we operate, each team possesses unrivalled skills to work to your significant advantage. Our specialist knowledge ranges from individual office suites to out of town business parks and new-build city centre developments.The specialism is supported by a broad range of additional services within the business. Agency Disposals: Realistic marketing advice and methodology Comprehensive market knowledge and full research facilities Extensive enquiry database Innovative marketing ideas Appraisal of alternative uses with in-house town planning advice Agency Acquisitions: Obtaining a clear understanding of our client’s requirements and commercial objectives Comprehensive property stock search and identification of development opportunities Objective advice on the suitability of identified properties Negotiation of favourable terms Full back up service including structural surveys, planning advice and fitting out etc. Valuation and finance advice Development Consultancy: Thorough market research Advice on selection and appointment of consultants Undertaking of full financial appraisals and timescales Advice on optimum composition of development Assessment of deliverability Advice on specification and scheme layout End user knowledge   Contact Us

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Our office agency team provide advice and expertise on the sale, acquisition, marketing, development and leasing of office properties and developments across the country.

Utilising in-depth experience of the UK office sector coupled with extensive knowledge of the local and regional marketplaces in which we operate, each team possesses unrivalled skills to work to your significant advantage.

Our specialist knowledge ranges from individual office suites to out of town business parks and new-build city centre developments.The specialism is supported by a broad range of additional services within the business.

Agency Disposals:

  • Realistic marketing advice and methodology
  • Comprehensive market knowledge and full research facilities
  • Extensive enquiry database
  • Innovative marketing ideas
  • Appraisal of alternative uses with in-house town planning advice

Agency Acquisitions:

  • Obtaining a clear understanding of our client’s requirements and commercial objectives
  • Comprehensive property stock search and identification of development opportunities
  • Objective advice on the suitability of identified properties
  • Negotiation of favourable terms
  • Full back up service including structural surveys, planning advice and fitting out etc.
  • Valuation and finance advice

Development Consultancy:

  • Thorough market research
  • Advice on selection and appointment of consultants
  • Undertaking of full financial appraisals and timescales
  • Advice on optimum composition of development
  • Assessment of deliverability
  • Advice on specification and scheme layout
  • End user knowledge

 

Contact Us

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Investment Agency

Working closely with our clients, Sanderson Weatherall’s investment team has the experience to offer appropriate, accurate and objective advice to help you make investment decisions in the office, industrial, leisure, medical and retail sectors. We have expertise in all of our regional offices providing full national coverage and we pride ourselves on our high quality of service tailored individually by project to our clients needs and always with personal delivery by a dedicated Partner contact. General Services: Acquisitions Disposal Financial Modeling Development Consultancy Appraisals Property Funding Portfolio Analysis Site acquisition & assembly   Contact Us

Read More....

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Working closely with our clients, Sanderson Weatherall’s investment team has the experience to offer appropriate, accurate and objective advice to help you make investment decisions in the office, industrial, leisure, medical and retail sectors.

We have expertise in all of our regional offices providing full national coverage and we pride ourselves on our high quality of service tailored individually by project to our clients needs and always with personal delivery by a dedicated Partner contact.

General Services:

  • Acquisitions
  • Disposal
  • Financial Modeling
  • Development Consultancy
  • Appraisals
  • Property Funding
  • Portfolio Analysis
  • Site acquisition & assembly

 

Contact Us

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Weatherall [secure] => 0 [page_description] => [page_rights] => [robots] => [access-view] => 1 ) [initialized:protected] => 1 [separator] => . ) ) URL: /news/20-services/148-investment-agency?layout=default&breadcrumb=noimage

Leeds office take-up rises in Q1 of 2017

View our Leeds Offices Market Update for Q1 2017. The Leeds office market take-up in Q1 stood at 160,679 sq ft which reflected a 22,055 sq ft increase on the preceding quarter. In Leeds city centre, take-up totalled 104,936 sq ft, across 22 transactions. There were two significant lettings over 20,000 sq ft with the largest city centre transaction being the letting of 25,985 sq ft at 5 Wellington Place to Willis Towers Watson. The other letting of note being BW Legal’s acquisition of 1 Apex View for their sole occupation.

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Leeds offices market update Q1 2017-page-001

View our Leeds Offices Market Update for Q1 2017.

The Leeds office market take-up in Q1 stood at 160,679 sq ft which reflected a 22,055 sq ft increase on the preceding quarter.

In Leeds city centre, take-up totalled 104,936 sq ft, across 22 transactions. There were two significant lettings over 20,000 sq ft with the largest city centre transaction being the letting of 25,985 sq ft at 5 Wellington Place to Willis Towers Watson. The other letting of note being BW Legal’s acquisition of 1 Apex View for their sole occupation.

[fulltext] =>

In the out of town market, take up reached 55,743 sq ft across 20 separate transactions compared with just 28,942 sq ft in 21 deals during Q4 last year. The two principal transactions were the 10,200 sq ft letting to Bellway Homes at 2150 Century Way, Thorpe Park and the freehold acquisition by Clayton Holmes Naisbitt of 1 John Charles Way.

Head of office agency at our Leeds office, Richard Dunn, said, “There was a steady start to 2017 as inward investment related requirements, in particular, continue to appear to be affected by lingering Brexit-related uncertainty.There are however signs that the Leeds market will weather some of this inertia, with some significant, and as-yet-unsatisfied, requirements due to sign later this year.

“In terms of supply, occupiers continue to have a broad-spectrum of choice in terms of Grade A and refurbished office space, but I believe there is a relative lack of good quality, genuinely characterful space with occupational flexibility.”

Contact Us

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