Member Article

Barclays Leeds building on sale for £8.75 million

rclays Bank regional retail headquarters on Albion Street in Leeds city centre is on the market for an asking price of £8.75 million an

Naylors Chartered Surveyors has been instructed to sell the investment property which produces an annual rental income of £500,000, secured against two particularly strong PLC covenants in Barclays and Greggs until 2024.

Naylors, a North East-based independent property consultancy, already manage the building and have now been appointed as sole selling agents.

Fergus Laird, head of investment at Naylors commented: ‘This is a particularly significant instruction for our investment team due to both the property’s value and location.

“Although the majority of Naylors’ agency instructions are located in the North East, Investment Agency and Management have a national reach and we have acquired a growing number of properties outside the region over the last few years including; York, Aberdeen, Edinburgh, Hull, and Bognor Regis.’

The property is located at the Southern end of Albion Street within Leeds’ prime retail area and close to the newly opened Trinity Leeds shopping centre.

The 14,156 sq ft landmark building comprises a mid-terrace of five storeys with granite finish and prestige modern internal banking facilities, there is a Greggs on the ground floor.

This was posted in Bdaily's Members' News section by Clare Burnett .