Leeds – Hume House
Project Details: [SOLD]
| Hume House | |
| Leeds | |
| Built | 1970’s |
| Area | 18,716 sq ft |
| No. of floors | 5 plus basement car parking |
| Tenant types | Department of Work & Pensions |
| Purchased | March 2014 |
| Purchase price | £1,773,353 |
| Rental income (net) | £180,000 p.a. |
| Yield | |
| Sold | Contracts Exchanged and completion to follow. |
| Sale price | £3,900,000 |
| Profit on disposal (net) | £2,126,647 |
| Overall contribution to profit | 307.6% |
| Hume House was a former DWP government office. In the centre of Leeds next to the Leeds Arena and Leeds University is close by. On acquisition we looked at alternative uses for student accommodation following the expiry of the DWP lease in April 2018. This resulted in planning permission being granted in July 2018 for a large 37 storey student accommodation tower with a pre agreed sale to a student accommodation developer on grant of the planning permission. | |
Name:
Hume House,
Leeds
Built:
1970’s
Area:
18,716 sq ft
No. Floors:
5 plus basement car parking
Purchased:
March 2014