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INVESTMENT ACQUISITION

 

Roundhay Road Trade Park, Leeds

 

Client: Ribston UK Industrial Property Limited Partnership

 

  • Off-market investment acquisition

 

  • 50% void asset management opportunity

  • Multi-Let Industrial 

  • £1.42m

  • NIY 3.06%

 

In an off-market transaction and acting on behalf of Ribston UK Industrial Property Limited Partnership, GV acquired Roundhay Road Trade Park.

Roundhay Road Trade Park is located approximately 1 mile north east of Leeds City Centre and 0.7 miles to the junction of the A64 / A61. The immediate vicinity comprises one of the prime trade counter locations in Leeds with excellent links via the city’s main arterial routes.

The investment comprises a terrace of six light industrial / trade counter units of mid-1970’s construction totalling 16,249 sq ft. Advised by GV’s Building Consultancy Team, Ribston have undertaken a comprehensive refurbishment. GV’s agency team has also been retained on all lettings.