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. |