Leeds office investment Hetton Court sold in £2m deal
Posted by Nick Hill on 11 Jan 2017
Hetton Court in Leeds, which is located opposite Hunslet’s Penny Hill Shopping Centre, has been sold in a deal worth over £2m.
Acting on behalf of Canada Life Investments, Leeds-based property consultancy Sanderson Weatherall sold the freehold office investment to Augustus House Ltd, which were advised by Mark Brearley & Co.
The 20,197 sq ft office building, located at The Oval, is let to John Mowlem Construction Plc, with Carillion Construction Ltd as Guarantor on a 25-year lease at a rent of £285,175 per annum.
The building is now occupied by healthcare waste specialists SRCL.
Richard Dunn, head of office agency at Sanderson Weatherall in Leeds, said: “We are pleased to have completed the sale of this out of town office investment, which offers a number of asset management plays at an attractive price.
“The out of town market saw increasing take-up levels and rents earlier in 2016, and with the recent uncertainty caused by the Referendum, it’s encouraging to see transactions like Hetton Court concluding.“
Sanderson Weatherall is an independently owned firm of UK Chartered Surveyors, property consultants and business asset advisors, with offices in Birmingham, Bristol, Exeter, Leeds, London, Manchester, Newcastle, Teesside and York.