Vodafone, 81-82 Briggate, Leeds

Prime high street retail investment

Disposal of the freehold interest of 81-82 Briggate Street, Leeds on behalf of DTZ Investors.
The unit is fully let to the undoubted covenant of Vodafone Limited with in excess of 7 years unexpired. The prime retail unit is located in the heart of Leeds’ retail core, directly opposite the main entrance to recently opened Victoria Gate and Victoria Quarter. Quality retailers nearby include; Dune, Schuh, Louis Vitton, L’Occitaine, Karren Millen, Office Shoes and Fat Face.
Price achieved of £2,510,000 and the purchase reflects a net initial yield of 7.86%.

Project Detail

The property comprises basement, ground, first and second floors and is believed to be of late Victorian/early Edwardian construction. The property is of traditional construction with a flat roof and parapet wall and has been significantly modified since originally built.

The ground floor comprises the sales area with a stairwell to the rear of the unit providing access to the first floor. The first floor is currently being used as training space for Vodafone employees.

The second floor is accessed via a hatch in the ceiling and comprises an office and toilet but this is largely unusable due to poor access.

DTZ Investors is an experienced investment manager responsible for £4.8bn assets under management in the UK and a further £2.5bn of third party real estate investments in continental Europe.
Please contact Harry Wills or Jack Barratt.