CoStar Breaking News Article - 29 Feb 2018

"A private investor fund has brought to market the BBC's Yorkshire TV Studios and Leeds College of Music Auditorium and Venue at 2 St Peters Square in Leeds, seeking £8.5m or a 5.23% net initial yield.

The property has a WAULT of 16.5 years following both the BBC and Leeds College of Music regearing their respective leases.

The property has a passing rent of £474,641 pa which reflects £12.84 per sq ft.

Leeds College of Music have an unexpired term of 29.5 years with 2% per annum increases every five years.

Kimmre is advising the vendor."