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123 Albion St
Leeds LS2 8ER

Office Property For Sale

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Investment Highlights

Prominent city centre island site in Leeds
Excellent road, rail and air communications. The city has direct links to the UK motorway network via the M62, M1 (M62 and A1) motorways

Extensively refurbished property

Executive Summary

123 Albion Street comprises a Grade A office in Leeds City Centre totalling approximately 77,645 sq ft over 5 floors.
The property has been extensively refurbished and provides large flexible floorplates of up to 21,200 sq ft.
We have been instructed to jointly market the above freehold office investment and seek offers in the region of £22,000,000 (Twenty Two Million Pounds), reflecting a NIY of 7.03%, an estimated running yield of 8.34% in 2026 and a low capital value of £283 psf.

PROPERTY FACTS

Sale Type

Investment

Property Type

Office

Tenure

Freehold

Building Size

77,645 SF

Building Class

Year Built/Renovated

1960/2002

Price

$40,017,158 CAD

Price Per SF

$515 CAD

Cap Rate

7.03%

NOI

$2,813,206 CAD

Percent Leased

87%

Tenancy

Multiple

Building Height

5 Stories

Typical Floor Size

15,529 SF

Building FAR

1.96

Lot Size

0.91 AC

Parking

39 Spaces (0.5 Spaces per 1,000 SF Leased)

Amenities

Raised Floor
Energy Performance Rating - C

Storage Space
Common Parts WC Facilities

Direct Elevator Exposure

Air Conditioning

Listing ID: 26535258
Date on Market: 2022-09-01
Last Updated:
Address: 123 Albion St, Leeds LS2 8ER

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