Well-known Leeds business park on the market for offers in excess of £7.87m

The 4.38 acre site, which sits between Lawnswood roundabout and Horsforth’s Woodside roundabout, also has parking for 259 cars and is being marketed by Leeds property consultancy, GV&Co’s investment division, on behalf of Canmoor.

The business park was originally constructed in the early 1980s as the headquarters of the Wool Industries Research Association (WIRA).

Its two main buildings have been re-purposed in recent years to appeal to a variety of businesses.

Garry Howes, director of investment at GV&Co, said: “WIRA Business Park is well-positioned on the Leeds outer ring road.

"It currently produces a total passing rent of £839,720 and there are immediate asset management and ESG opportunities to grow this significantly, as well as some vacant units which are in an immediately lettable condition.

“The site also offers an attractive weighted average unexpired lease term (WAULT) of more than five years, which further enhances its credentials as a solid investment opportunity, and we’re envisaging significant interest from both local and national investors.”

GV&Co, which instructed to seek offers in excess of £7.87m, reflecting a net initial yield of 10 per cent.

Leeds-based GV&Co is a property agent dealing with acquisitions, sales, lettings and investment transactions. Its services include industrial agency, building surveying and project management, investment, and lease advisory and asset management.