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Tower Lane, Armley 4,059 SF Industrial Building Leeds LS12 3SD $444,700 ($109.56/SF)

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Investment Highlights

  • The site is between existing buildings in a developed area.
  • Development opportunity
  • Versatile use

Executive Summary

Development opportunity
Site extends to 0.28 Acres (0.11 Hectacres)
Part freehold/part leasehold
Bordered by residential development
Extending to just over a quarter of an acre, this site is an exciting development opportunity for residential use in the district of Armley, Leeds.
The site, accessed by foot or vehicle via the public highway known as Tower Lane is sandwiched between existing buildings in a developed area and is currently occupied by a garage workshop and disused commercial buildings.
The property is bordered by residential development on the North, West and South boundaries, and potential further development land to the East.
The site comprises previously developed land located within the built up area of Armley. The land is not allocated for development and therefore would be subject to consideration against relevant local plan policy. Given the location and nature of the site it is anticipated the principle of redevelopment may be acceptable, subject to further assessment of other relevant material considerations including, but not limited to heritage and highways impact.
The site has previously had a planning application for the erection of 5 town houses, each of 3 storeys with a single internal garage. Permission for this was granted on the 21st April 2009.
Offers are invited for the freehold / leasehold interest on a conditional basis subject to planning consent.
Tenure: Freehold.

Property Facts

Price $444,700
Price Per SF $109.56
Sale Type Investment
Sale Condition Redevelopment Project
Tenure Freehold/Long Leasehold
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.24 AC
Rentable Building Area 4,059 SF
No. Stories 1
Year Built 1960
Tenancy Single
Parking Ratio 5.42/1,000 SF

Amenities

  • Yard
  • Listing ID: 26475790

  • Date on Market: 8/24/2022

  • Last Updated:

  • Address: Tower Lane, Armley, Leeds LS12 3SD

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