GV were instructed on behalf of PwC as Administrators in the securing the sale of a rare leisure/development investment opportunity in Leeds.
The property, located off Kirkstall Road, comprises a 33 acre site let in its entirety to Goals Soccer Centres andwas acquired by a private investor for £2.07m reflecting a net initial yield of 5.25%
Prior to the investment sale GV provided comprehensive advice on maximising the exit value to the Administers. The occupational lease was re-geared to provide a new 60 year unbroken term incorporating five yearly index linked rent reviews. In addition the title was split into two plots so we were able to offer a long-term secure income investment together with an immediate development opportunity.