Leeds – Hillcrest House
Project Details:
| Built | 1970’s |
| Area | 21,000 sq ft |
| No. of floors | 5 plus large adjoining car park |
| Tenant types | Drivers & Vehicle Standards Agency |
| Purchased | October 2013 |
| Purchase price | N/A |
| Rental income (net) | £198,500 p.a. |
| Lease Expiry/Break Date | 2023 |
| Sold | N/A |
| Sale price | N/A |
| Profit on disposal (net) | |
| Overall contribution to profit | |
| Hillcrest House is the DVSA’s regional office. Close to the centre of Leeds. Prior to the expiry of the lease in March 2019 we have negotiated and agreed a new lease to the DVSA for a further 5 years from August 2018. The building has good potential for alternative uses including residential redevelopment. | |
Name:
Hillcrest House, Leeds
SqFt/Sq/M:
21,000 sq ft
No. Floors:
5 plus large adjoining car park
Purchased:
October 2013