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84 Albion St 31,521 SF 56% Leased Office Building Leeds LS1 6AG $5,329,567 ($169.08/SF) 6.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Freehold Interest
- 4x fully let ground floor units extending to 9,282 sq ft generating £220,000 pax
- 3x retail units 950 – 1,150 sq ft let to Amplifon, A-One Nail & Spa & VPZ
- Secure basement car parking - 10x spaces
- Specsavers occupy 6,252 sq ft on a lease expiring in March 2029 (no break) at £110,000 per annum
- 6x upper floors of office space extending to 22,239 sq ft NIA
EXECUTIVE SUMMARY
The building boasts 22,284 sq ft of high-quality modern workspace across 6x upper floors including 5x fully fitted & furnished suites on the 1st floor podium level delivered in 2021.
The building has extensive frontage onto Albion Street with 4x retail units and a dedicated basement car park accessed to the rear via King Charles Street.
Offers in excess of £4,000,000 Reflecting a low capital value of £127 per sq ft & a Net Initial Yield of 6.93% with a potential Reversionary Yield of 17.50% (based on our ERVs fully let as existing) assuming usual purchasers costs of 6.5%.
PROPERTY FACTS
AMENITIES
- Storage Space
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
84 Albion Street presents the opportunity of both flexible and traditional office space! The 1st floor accommodates newly refurbished, fully fitted workspaces ranging from 4-24x desks. Key features include fitted kitchens, meeting rooms, break out space, desk and task chairs - available now at an all inclusive cost! Traditional Grade A office accommodation is available on floors 4 and 5 with the opportunity to create a bespoke office specific to your business needs. The building has the benefit of high quality bike storage and shower facilities.
84 Albion Street presents the opportunity of both flexible and traditional office space! The 1st floor accommodates newly refurbished, fully fitted workspaces ranging from 4-24x desks. Key features include fitted kitchens, meeting rooms, break out space, desk and task chairs - available now at an all inclusive cost! Traditional Grade A office accommodation is available on floors 4 and 5 with the opportunity to create a bespoke office specific to your business needs. The building has the benefit of high quality bike storage and shower facilities.
84 Albion Street presents the opportunity of both flexible and traditional office space! The 1st floor accommodates newly refurbished, fully fitted workspaces ranging from 4-24x desks. Key features include fitted kitchens, meeting rooms, break out space, desk and task chairs - available now at an all inclusive cost! Traditional Grade A office accommodation is available on floors 4 and 5 with the opportunity to create a bespoke office specific to your business needs. The building has the benefit of high quality bike storage and shower facilities.
84 Albion Street presents the opportunity of both flexible and traditional office space! The 1st floor accommodates newly refurbished, fully fitted workspaces ranging from 4-24x desks. Key features include fitted kitchens, meeting rooms, break out space, desk and task chairs - available now at an all inclusive cost! Traditional Grade A office accommodation is available on floors 4 and 5 with the opportunity to create a bespoke office specific to your business needs. The building has the benefit of high quality bike storage and shower facilities.
| Space | Size | Space Use | Condition | Available |
| 3rd Floor | 3,442 SF | Office | Full Build-Out | Now |
| 4th Floor | 3,442 SF | Office | Full Build-Out | Now |
| 5th Floor | 3,442 SF | Office | Full Build-Out | Now |
| 6th Floor | 3,442 SF | Office | Full Build-Out | Now |
3rd Floor
| Size |
| 3,442 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Floor
| Size |
| 3,442 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Floor
| Size |
| 3,442 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Floor
| Size |
| 3,442 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size | 3,442 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
84 Albion Street presents the opportunity of both flexible and traditional office space! The 1st floor accommodates newly refurbished, fully fitted workspaces ranging from 4-24x desks. Key features include fitted kitchens, meeting rooms, break out space, desk and task chairs - available now at an all inclusive cost! Traditional Grade A office accommodation is available on floors 4 and 5 with the opportunity to create a bespoke office specific to your business needs. The building has the benefit of high quality bike storage and shower facilities.
4th Floor
| Size | 3,442 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
84 Albion Street presents the opportunity of both flexible and traditional office space! The 1st floor accommodates newly refurbished, fully fitted workspaces ranging from 4-24x desks. Key features include fitted kitchens, meeting rooms, break out space, desk and task chairs - available now at an all inclusive cost! Traditional Grade A office accommodation is available on floors 4 and 5 with the opportunity to create a bespoke office specific to your business needs. The building has the benefit of high quality bike storage and shower facilities.
5th Floor
| Size | 3,442 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
84 Albion Street presents the opportunity of both flexible and traditional office space! The 1st floor accommodates newly refurbished, fully fitted workspaces ranging from 4-24x desks. Key features include fitted kitchens, meeting rooms, break out space, desk and task chairs - available now at an all inclusive cost! Traditional Grade A office accommodation is available on floors 4 and 5 with the opportunity to create a bespoke office specific to your business needs. The building has the benefit of high quality bike storage and shower facilities.
6th Floor
| Size | 3,442 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
84 Albion Street presents the opportunity of both flexible and traditional office space! The 1st floor accommodates newly refurbished, fully fitted workspaces ranging from 4-24x desks. Key features include fitted kitchens, meeting rooms, break out space, desk and task chairs - available now at an all inclusive cost! Traditional Grade A office accommodation is available on floors 4 and 5 with the opportunity to create a bespoke office specific to your business needs. The building has the benefit of high quality bike storage and shower facilities.
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84 Albion St
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