Leeds – Hillcrest House

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.

Name:
Hillcrest House, Leeds

SqFt/Sq/M:
21,000 sq ft

No. Floors:
5 plus large adjoining car park

Purchased:
October 2013