123 Albion St | Leeds LS2 8ER
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123 Albion St
Leeds LS2 8ER
Office Property For Sale
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.
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
B
Year Built/Renovated
1960/2002
Price
$27,959,587
Price Per SF
$360
Cap Rate
7.03%
NOI
$1,965,559
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
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