Lambert’s Yard, 162-165 Lower Briggate, Leeds LS1
POA
Property Summary
- Recently redeveloped mixed use investment asset in the heart of Leeds City Centre, one of the UK’s most vibrant residential and retail hubs.
- Freehold and long leasehold interests in 19 self-contained apartments and three prominent retail units.
- Currently generating a gross income of approximately £377,000 per annum (residential £254,000 per annum, commercial £123,000 per annum). Tenants responsible for payment of utilities and council tax separately.
- Strong rental tone across the scheme with 16 of 19 apartments and all three retail units occupied. Reflects 87% occupancy rate, on a square footage basis.
- Potential to increase gross income through re-lettings of apartments and active management of the scheme.
- We are instructed to seek all expressions of interest for the freehold and long leasehold interests in the property.
