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

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