Project Details [SOLD]:
| Hillcrest House | |
| Leeds | |
| Built | 1970’s |
| Area | 21,000 sq ft |
| No. floors | 5 plus large adjoining car park |
| Tenant | Drivers & Vehicle Standards Agency |
| Purchased | October 2013 |
| Purchased Price | £1,450,000 |
| Rental income (net) | £198,500 p.a. |
| Lease Expiry/Break Date | 2023 |
| Sold | December 2021 |
| Sale Price | £2,300,000 |
| Hillcrest House is the DVSA’s regional office. It is 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. |
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