Duncombe Street I Leeds I LS1 4AX - PROMINENT QUALITY OFFICE BUILDING WITH CONVERSION / DEVELOPMENT POTENTIAL - LoopNet.com
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PROMINENT QUALITY OFFICE BUILDING
WITH CONVERSION / DEVELOPMENT POTENTIAL
EXCHANGE
CO U RT
Duncombe Street I Leeds I LS1 4AX
Freehold - vacant possession recently obtained
PROMINENT QUALITY OFFICE BUILDING
Exchange Court I Duncombe Street I Leeds I LS1 4AX
WITH CONVERSION / DEVELOPMENT POTENTIAL
2
+ A 52,535 sq ft modern office building arranged over five floors
with 53 car parking spaces, reflecting an attractive parking ratio of
1:991 sq ft.
+ Prominently positioned fronting the A58/M inner ring road in
Leeds, only 12 minutes’ walk from Leeds City Rail Station.
+ Previously let to Interactive Investor Services Limited at
£957,447.50 per annum. The tenant vacated on 1 November 2021.
+ Opportunity to refurbish and re-let existing office space and grow
the net income potential through active asset management.
+ Significant redevelopment potential to add two additional floors
to the existing building and convert to student accommodation /
residential / hotel, subject to obtaining the necessary consents.
+ Permitted Development approved in August 2021 for the change
of use of offices (B1) to 81 apartments (C3), (subject to conditions).
Offers in excess of £7,750,000, subject to contract and
exclusive of VAT. An offer at this level would reflect a
Capital Value of £148 per sq ft.
PROMINENT QUALITY OFFICE BUILDING
3 WITH CONVERSION / DEVELOPMENT POTENTIAL
Exchange Court I Duncombe Street I Leeds I LS1 4AX
LEEDS
ABERDEEN
Leeds is the UK’s fastest Located at the heart of The City Region has
growing city with one the UK and the Northern a GVA of £64.6bn and
of the most diverse Powerhouse, Leeds is the Leeds City has a GVA
economies and the UK’s 3rd largest city, with of £21.3bn with 32,600
driving force behind the a resident population of businesses and 6,110
city region’s £64.6 billion 779,000 which increases small & medium GLASGOW
economy. to 3 million within the enterprises, reflecting the EDINBURGH
city region and with a diversity and resilience of
workforce of 1.37 million. the economic base.
NEWCASTLE
BELFAST
The number of
businesses has increased
by 11.4% since 2014,
Leeds is behind only London
and Cambridge for the
number of fast growing
It is therefore no
surprise that Leeds
saw the fastest rate
LEEDS
comparing favourably firms, defined as companies of private sector jobs
to the national average which have achieved three growth of any UK City MANCHESTER
of 8%. Over the next 10 years of 20% growth in including London DUBLIN LIVERPOOL
years, the economy is revenues or employees (2016).
forecast to grow by 21%. (Enterprise Research Centre).
NORWICH
BIRMINGHAM
Leeds is widely recognised Companies with more The attraction of Leeds as CARDIFF
as the largest centre than 1,000 employees a city extends beyond its LONDON
for Financial and Legal based in Leeds include growing economic base to
Services outside of London Asda Group, First Direct, providing a strong ‘quality
and is home to 20 FTSE Centrica, Ventura, BT, of life’. Leeds is the highest-
100 companies and in Direct Line Group and ranking UK City, according to
excess of 30 National and Yorkshire Bank. Arcadis, on this measure that
International banks. takes into account health,
education, housing and living
costs and work-life balance.
PROMINENT QUALITY OFFICE BUILDING
Exchange Court I Duncombe Street I Leeds I LS1 4AX
WITH CONVERSION / DEVELOPMENT POTENTIAL
4
LEEDS
INFRASTRUCTURE
ROAD
Leeds is strategically located at the Further modernisation is in the
heart of the UK, benefitting from planning stage to create a new public
excellent road communications. The realm which would revitalise the
City is located just 6 miles from the location at City Square.
M1 and M62 intersection, the principal
north-south and east-west motorways. AIR
The A1(M) lies approximately 10 miles
to the east of Leeds. Leeds Bradford Airport is
approximately 8 miles north-west of
RAIL Leeds City Centre.
Leeds Railway Station is the busiest in The airport has grown rapidly over the
the North of England, with over 38m past decade with around 3.7 million
passengers every day. The station passenger journeys annually, and
has undergone a modernisation flights to more than 75 domestic and
programme with the opening of international destinations..
the new £20m southern entrance
in January 2017 and new eastern
entrance in 2019.
PROMINENT QUALITY OFFICE BUILDING
5 WITH CONVERSION / DEVELOPMENT POTENTIAL
Exchange Court I Duncombe Street I Leeds I LS1 4AX
HOTEL
IBIS
EXCHANGE
A58 (M) COURT
NUFFIELD
HEALTH
LOCATION WELLINGTON
PLACE
LAW
COURTS
PARK
SQUARE
Exchange Court is a prominent PREMIER
INN
office building situated fronting
the A58/M inner ring road on DAKOTA
HOTEL
the western side of the Central
Business District in Leeds, offering 5 BOND
mins COURT
an excellent branding opportunity
and undoubted kerb appeal. RIVER WELLINGTON CHANNEL 4
AIRE STREET HQ
10
mins
The building has exceptional road QUEENS
HOTEL
communications with access from CITY
SQUARE
Kirkstall Road and Burley Road via
Marlborough Street.
The building is only 10 minutes’ walk
from Leeds City Rail Station and the
main retailing area of the city; and
a 7-10 minute walk from Leeds
General Infirmary, Town Hall and TRINITY
HILTON LEEDS TRAIN LEEDS
Civic Quarter which are within easy HOTEL STATION
BOAR
reach, together with Leeds’ West LANE
End, situated between Wellington
Street and Whitehall Road.
15
mins
LEEDS TRAIN STATION TRINITY LEEDS LEEDS BRADFORD AIRPORT VICTORIA LEEDS LEEDS ARENA CITY SQUARE LEEDS INFIRMARY
10 MINUTES WALK 12 MINUTES WALK 20 MINUTES DRIVE 17 MINUTES WALK 17 MINUTES WALK 10 MINUTES WALK 7-10 MINUTES WALK
PROMINENT QUALITY OFFICE BUILDING
Exchange Court I Duncombe Street I Leeds I LS1 4AX
WITH CONVERSION / DEVELOPMENT POTENTIAL
6
For indicative use only
TITLE
The property is held freehold under title WYK688986
(edged orange on the plan here), and benefits from an
exclusive use to park 53 vehicles (excluding lorries),
on the adjoining Title WYK546340 (Blenheim House),
(designated spaces shown edged in *white* for
illustration purposes only).
The use of the car parking spaces is subject to a service
charge cost for keeping the parking areas in good repair
and condition.
The Exchange Court site extends to 0.82 acres with a
site coverage of 39%.
PROMINENT QUALITY OFFICE BUILDING
7 WITH CONVERSION / DEVELOPMENT POTENTIAL
Exchange Court I Duncombe Street I Leeds I LS1 4AX
Images show previous tenants fit-out
DESCRIPTION
Exchange Court is a quality 5 storey office building constructed in the mid-1990’s
of steel frame construction with brick clad elevations and aluminium curtain
wall glazing to part. The building is surmounted by a largely pitched, slate roof.
It benefits from a double height glazed entrance foyer at ground floor, accessed from
Duncombe Street, providing an impressive and spacious reception area.
The floors are ‘S-shape’ in layout, arranged around a central core, providing well-
organised and flexible accommodation with outstanding natural daylight, and a 2.8m
floor to ceiling height.
The high specification includes:
Comfort Perimeter 150 mm raised Suspended
Cooling Central Heating access floors Ceilings
LG7 Fluorescent Double Glazed 3 x Otis 8 Person Male/Female/
Lighting Windows Passenger Lifts Disabled WC facilities
on each floor
The configuration of the building is well-suited to both its existing office use and will
readily convert for alternative uses (subject to planning).
Exceptionally attractive car parking ratio of 1:991 sq ft, rarely seen within Leeds City
Centre.
PROMINENT QUALITY OFFICE BUILDING
Exchange Court I Duncombe Street I Leeds I LS1 4AX
WITH CONVERSION / DEVELOPMENT POTENTIAL
8
TENANCY
The property was previously let in its entirety to Interactive Investor Services Limited
on a 25 year lease from 1 November 2005 at £957,447.50 per annum (£18.22 per sq ft).
The tenant exercised their break clause and vacated on 1 November 2021.
TYPICAL UPPER
FLOOR PLAN
**The tenant vacated on 1 November 2021**
ACCOMMODATION
The building has the following Net and Gross Internal Floor areas:-
NIA GIA
Floor sq ft sq m sq ft sq m
Ground Floor Reception 337 31
10,097 938
Ground Floor 8,098 752.34
First Floor 10,757 999.37 13,057 1,213
Second Floor 11,122 1,033.27 13,057 1,213
Third Floor 11,105 1,031.63 13,057 1,213
Fourth 11,116 1,032.66 13,057 1,213 GROUND
Total 52,535 4,881 62,325 5,790
FLOOR PLAN
PROMINENT QUALITY OFFICE BUILDING
9 WITH CONVERSION / DEVELOPMENT POTENTIAL
Exchange Court I Duncombe Street I Leeds I LS1 4AX
CGI showing how the building would look with an additional 2 floors
REFURBISH,
There is a significant opportunity to
reposition Exchange Court in the
market either by refurbishment or
CONVERT, conversion, with scope to develop
two additional floors on top of
DEVELOP the existing building, (subject to
obtaining the necessary consents).
PROMINENT QUALITY OFFICE BUILDING
Exchange Court I Duncombe Street I Leeds I LS1 4AX
WITH CONVERSION / DEVELOPMENT POTENTIAL
10CGI showing potential office interior
CGI showing potential residential upper floor
DEVELOPMENT
DUE DILIGENCE
The Vendor has commissioned Curtins to provide a Structural Feasibility Study for a Vertical
Extension to Exchange Court, with consideration given to adding up to two additional
storeys of accommodation to the top of the existing building, for potential residential,
office, student accommodation or hotel use. The findings are positive, (subject to some CGI of reimagined reception area
strengthening works), and the full report is available for review within the Dataroom.
PROMINENT QUALITY OFFICE BUILDING
11 WITH CONVERSION / DEVELOPMENT POTENTIAL
Exchange Court I Duncombe Street I Leeds I LS1 4AXEVOLVING FOR THE FUTURE
A feasibility study has been prepared by DLG Architects with planning
consultant input, to highlight the development potential of Exchange Court,
exploring various design opportunities. A copy of the study is available within
the Dataroom. The four options available are as follows:
Refurbish existing office space
Capitalise on the diminishing Grade A stock in Leeds and relaunch
Exchange Court in 2022 with renewed / refreshed interior and M&E.
Convert to residential
(general permitted development under use Class O)
The feasibility study assumes a combination of 1, 2 and 3 bed units
from 50 – 74 sq m. Minimum residential space standards will not
apply as a Permitted Development application was submitted and
validated by Leeds Planning Authority prior to the change in national
space standards. Consent was given in August 2021 for the change of
use from offices (B1(a)) to residential (C3), (subject to conditions).
Convert to student accommodation
At pre-application stage, City Plans Panel confirmed the proposed
development of the site for student accommodation was acceptable
in principle. Growth in new purpose built student accommodation is
to be welcomed in order to meet need and to deflect pressure away
from private rented houses in areas of over-concentration.
Convert to hotel
A hotel use could be supported at this location and a formal pre-
application would be recommended to gauge planning acceptability.
PROMINENT QUALITY OFFICE BUILDING
Exchange Court I Duncombe Street I Leeds I LS1 4AX
WITH CONVERSION / DEVELOPMENT POTENTIAL
12OPTIONS SUMMARY Existing
1 5 Office Office
OPTION
Suites 5 Storeys
Office Potential
Refurbishment with
extension
2
107 Flats Residential
81 Residential
OPTION
with Extension to
Flats 5 Storeys
Conversion to Extension 7 Storeys
Residential
3 162
Student 235 Flats
Student
Residential
OPTION
Residential with
Flats Extension to
Conversion to 5 Storeys Extension
7 Storeys
Student Residential
4 185 Hotel
262 Rooms Hotel
OPTION
with Extension to
Rooms 5 Storeys
Conversion to Extension 7 Storeys
Hotel
Indicative options as identified in DLG Architects Feasibility Study.
PROMINENT QUALITY OFFICE BUILDING
13 WITH CONVERSION / DEVELOPMENT POTENTIAL
Exchange Court I Duncombe Street I Leeds I LS1 4AXFor illustration purposes only
PERMITTED DEVELOPMENT
A Permitted Development Determination for the change of use of offices (B1(a)) to 81
apartments (C3) was approved on 5 August 2021 under application number: 21/04977/
DPD, subject to conditions. The conditions largely relate to the requirement for an
acoustic and ventilation scheme; Phase 1 ground assessment (and any associated
remediation strategy); and full details of cycle parking facilities and EV charging
points. Further details are available within the Dataroom.
The approved plans and Schedule of Accommodation are as follows:
Central Balcony (2nd Floor Only)
Floor 1B1P (40m²) 1B2P (50m²) 1B2P (60m²) 2B3P (61m²) Units Total
Ground 4 1 1 4 10
First 5 2 2 8 17 SECOND - FOURTH
Second 6 2 2 8 18 FLOOR PLANS
Third 6 2 2 8 18
Fourth 6 2 2 8 18
Total 27 8 10 36 81
Entrance
GROUND FIRST
FLOOR PLAN FLOOR PLAN
PROMINENT QUALITY OFFICE BUILDING
Exchange Court I Duncombe Street I Leeds I LS1 4AX
WITH CONVERSION / DEVELOPMENT POTENTIAL
14OFFICE MARKET
LEEDS CITY CENTRE TAKE-UP (BY SQ FT) These represent some of the larger transactions for 2021, although Knight Frank are
LEEDS CITY CENTRE TAKE-UP (by sq ft)
dealing with a number of sub-10,000 sq ft transactions, which have or are due to
800,000 complete imminently.
700,000
5-year average (2016-2020)
BUILDING SIZE HEADLINE RENT OCCUPIER
600,000
1 City Square 4,086 £33.00 Avison Young
500,000
2 The Embankment 3,200 £23.50 Tyr Law
400,000
Tailors Corner 2,371 £34.00 James Hambro
300,000
Tailors Corner 3,565 £32.50 Interpath
200,000
Tailors Corner 1,927 £32.50 Circus PPC
100,000
10 Wellington Place 7,427 £29.50 The Conservative Party
0
2018 2019 2020 2021 No 1 Whitehall Riverside 7,495 £27.50 Weightmans LLP
Following the impact of Covid in 2020, office take-up in the city centre for the year Over the past 5 years, 88% of the number of deals done were for office suites of less than
was 337,446 sq ft, 47% below the 5-year annual average of 638,260 sq ft (2016-2020). 10,000 sq ft, with 79% of those deals being for sub-4,000 sq ft space. With floorplates
By contrast, take-up for 2021 was 623,985 - 85% greater than 2020. Take up for 2021 is of c.11,000 sq ft and a central core providing the ability to divide floorplates, Exchange
on a par with the 5 year average. The largest deals for 2021 include: Court can cater for various size-requirements with ease.
RENT
Q1: Q1: Q2: Despite the considerable market challenges, headline rents increased to £34.00 per sq
ft in 2020. This is an increase of 13% over the last 2 years and is demonstrative of the
83,000 sq ft 21,000 sq ft 41,000 sq ft shifting market preference towards securing the highest quality space.
pre-let to DLA Piper to Instant to Global
(City Square House) Managed Offices Banking School
– due to PC (123 Albion Street) (St George House) The upward drive on prime rents will
summer 2023 allow a repositioned Exchange Court
to command a price point which offers
Prime rents value, without the need to compromise
£34
in Leeds of on quality. Occupiers are now seeking
Q2: Q3: Q4:
to reinvigorate both their physical and
virtual spaces by promoting collaborative
18,000 sq ft 68,000 sq ft 20,000 sq ft working fully in 2022 and beyond.
sale to UtterBerry
to Lapcorp to Cubo
(Prospect House) Exchange Court will attract new
(Drapers Yard) (6 Wellington Place)
– due to create per sq ft occupiers seeking to capitalise on quality,
800 jobs in Leeds location, amenity and specification, but
at a discount to prime Leeds rents.
PROMINENT QUALITY OFFICE BUILDING
15 WITH CONVERSION / DEVELOPMENT POTENTIAL
Exchange Court I Duncombe Street I Leeds I LS1 4AXOFFICE MARKET CONTINUED
PUBLIC SECTOR DEMAND It is clear demand in Leeds is currently outstripping supply, in both the prime and
subprime markets, with less than one year’s supply available, against the backdrop
Leeds was selected as the home for the Department for Work and Pensions’ second of pre-Covid demand levels.
HQ, which houses a Ministerial office and opened in April 2021. The move follows
the announcements during the Budget that Leeds would become home to the new DEVELOPMENT PIPELINE
Infrastructure Bank and more recently by the Department for Transport that it would
create 650 jobs at a regional headquarters in Birmingham and a northern hub in The supply imbalance will not improve in the short-term with only one new build
Leeds. This demand will play out positively for the city and Exchange Court is well- scheme completing in 2021.
positioned to capture this demand.
PRIME SUPPLY Tailor’s Corner
25,000 sq ft
The existing supply of new accommodation is limited to 83,000 sq ft within four prime
(c.8,000 sq ft pre-let over three
buildings. Knight Frank advise on Majestic, One City Square and 34 Boar Lane and we
are able to confirm advanced interest with each building. transactions achieving rents of
£32.50 - £34.00 psf)
2022 will see the delivery of three buildings:
Majestic One City Square 34 Boar Lane 6 Queen Street
17,000 sq ft 26,000 sq ft 20,000 sq ft 20,207 sq ft
£34 psf £34 psf £32 psf £30 psf 12 King Street Globe Point
54,000 sq ft - £34 psf 38,000 sq ft - £34 psf
Total 83,207 sq ft
One Sovereign Quay
21,600 sq ft - £30 psf
Grade A availability Grade A availability Grade B availability
of existing stock now stands at only sits at
277,990 260,000
has fallen by
14%
since Q4 2020 sq ft sq ft OFFICES FOR TOMORROW
across 14 buildings, spread across 20 buildings After our stint of lockdown-induced WFH, the office is unlikely to function the way it did
(following completion within the city centre, before. It will become a space dedicated to celebrating the human side of business –
of pre-lets / under some of which have not innovation, training and development, collaboration, empathy, humour and creativity.
offer suites, this will been fully refurbished and As a result, when businesses search for their next office space in Leeds, they will have a
fall to 272,000 sq ft). will be difficult to let.
new set of demands, demands that can be matched to Exchange Court.
PROMINENT QUALITY OFFICE BUILDING
Exchange Court I Duncombe Street I Leeds I LS1 4AX
WITH CONVERSION / DEVELOPMENT POTENTIAL
16RESIDENTIAL /
STUDENT MARKET
The vast majority of alternative uses in close proximity to Exchange Court are
residential PRS schemes and student accommodation.
STUDENT
8%
Knight Frank’s Student Property Index indicates headline rental growth for purpose
Leeds has eight built student accommodation (PBSA) across Leeds, of 2.7% for the 2020/2021
universities
academic year.
of the city
population
This is higher than performance across the UK as a whole of 1.7%. Average rents in
are students.
Leeds per week across the range of room types, adjusted to 51 weeks tenancies are
as follows:
2 world class 21%
business schools of student
population are
international.
14 colleges 17% total
for further education growth Non en-suite En-suite Studio Non PBSA1
and Europe’s largest
in student numbers since
2015/2016 and 58% growth
in international students (as
£112 £149 £212 £141
Teaching against the UK averages of
13% and 27% respectively).
(1Based on a 2 or more bedroom property and incl. bills of £20 pw)
(Source: Rightmove, Knight Frank Student Property).
Hospital
Trust 60,559 There are currently 4 schemes under construction and a further 12 with planning
full-time students in Leeds consent, providing a total of 5,481 proposed beds with consent.
and 24,610 purpose built
student accommodation beds. When the development pipeline under construction is completed, the proportion of
Therefore, 59% of students existing students unable to access PBSA would change from 59% to 58%, in line with
are unable to access purpose York, Reading and Nottingham. This projection is dependent on a number of implicit
built student accommodation. assumptions, in particular, that the student population remains unchanged.
PROMINENT QUALITY OFFICE BUILDING
17 WITH CONVERSION / DEVELOPMENT POTENTIAL
Exchange Court I Duncombe Street I Leeds I LS1 4AXRESIDENTIAL AVERAGE RENTS
IN LEEDS FOR 1
The residential market in Leeds has moved from strength to strength in recent years, & 2 BEDROOM
born from a very robust rental market following a long-term lack of development of ACCOMMODATION
good quality, desirable city centre homes. It now has one of the fastest growing city
living markets in the country with a supply pipeline playing catch-up.
The sustained investment the city has seen in infrastructure, culture, retail and
leisure, in addition to a considerable growth in high quality employment space has
helped support continued interest from developers and institutional funds seeking to
invest long-term in the city living market. Specifically, the Build to Rent (BTR) sector
is now starting to establish itself in Leeds and 69% of all new homes currently under 1 BEDROOM
£704
construction are for BTR.
Continued growth and development of the city’s two universities, an increased pcm
graduate intake combined with a strong graduate retention rate, also supports Leeds Average
as being a very attractive place in which to develop and invest.
rents
LEEDS RESIDENTIAL DEVELOPMENT PIPELINE
in Leeds:
2,000 2 BEDROOM
1,500
£896
Number 1,000 pcm
of Units
500
0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*2022* 2023*
■ Completed ■ U/C
*Future year figures are predicted based on current completion dates for under construction projects
1 BEDROOM
£927
In mid-December 2020, the government published a revised proposal to increase
the housing target by 35%. This is an increase for Leeds from 2,787 homes per year,
to 3,763 homes per year – 516 homes per year more than originally planned under pcm
Leeds’ core strategy, with a plan period of 2017-2033. The ministry confirmed the Average
housing delivery is expected to be met by the cities and urban centres themselves,
rather than surrounding areas, albeit four of the 12 residential developments currently rents
under construction are in the South Bank area of the city centre, four are in the eastern in LS1:
fringe and three in the western fringe. 2 BEDROOM
In 2020, the city centre delivered 32% of this target through 1,211 completed units £1,213
(Leeds Crane Survey 2021). Although developments have been delayed, (for various pcm
reasons, including Covid), a number of pipeline developments are expected to
commence in 2021, continuing the pace of residential delivery in the city centre. This
development is being fuelled by investors who are now looking more to the long-
term, with residential property values in Leeds city centre increasing.
PROMINENT QUALITY OFFICE BUILDING
Exchange Court I Duncombe Street I Leeds I LS1 4AX
WITH CONVERSION / DEVELOPMENT POTENTIAL
18A F
E
C
D
B
B G
A F
K
C H
G
I
DEVELOPMENT KEY
H
D I
n Outline Planning
n Planning Approved
n Under Construction
J
n Complete
n Proposals/Pipeline Projects
n Planning Submitted
– Site
E J
Exchange Court sits within a growing mixed KEY A City Reach One F Brotherton House
LEEDS use area, offering a wealth of residential,
student, and commercial accommodation.
Mixed use of residential, student and
commercial uses - 9-12 storeys
Student residential - 14 storeys
G INC
DEVELOPMENT
B Kirkstall Road Residential, co-working retail - 33 storeys
Residential and commercial - 10 storeys H Yorkshire Post Site Phase 1 K
There are a number of new developments
C The Foundry Residential - 11-18 storeys
PLAN proposed, under construction, or recently
completed in the surrounding area.
Student residential - 9 storeys
D The Refinery
I Lisbon Court
Office developmentl - 14 storeys K Lisbon Square
Student residential - 11 storeys J Wellington Place 11 & 12 Mixed use BTR, retail,
E Union Burley Street Office development with flexible student, aparthotel and
Student residential - 8 storeys commercial ground floor - 11 storeys office - 11, 22 & 33 storeys
PROMINENT QUALITY OFFICE BUILDING
19 WITH CONVERSION / DEVELOPMENT POTENTIAL
Exchange Court I Duncombe Street I Leeds I LS1 4AXTENURE PROPOSAL ALL ENQUIRIES
Freehold. We have been instructed to invite For further information, Dataroom
offers in excess of £7,750,000, subject access or to arrange a viewing,
EPC to contract and exclusive of VAT. please contact one of the following
The property has two current EPC sole agents:
assessments as follows: An offer at this level would reflect a
C (57) First Floor Capital Value of £148 per sq ft. Eamon Fox
D (85) Ground, Second, Eamon.fox@knightfrank.com
Third & Fourth Floors T: 0113 297 2433
VAT Corinne Travis
The property is elected for VAT, and VAT Corinne.travis@knightfrank.com
will be payable on the purchase price. T: 0113 297 2403
IMPORTANT NOTICE 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (information) as being
factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely
without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances
given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer
or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. Knight
Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London W1U 8AN, where you may look at a list of members’ names.
Designed and produced by www.thedesignexchange.co.uk Tel: 01943 604500. February 2022.You can also read
