Naylors instructed to sell prime retail investment in Leeds

April 2014

Naylors Chartered Surveyors has been instructed to sell Barclays Bank regional retail headquarters on Albion Street in Leeds city centre.

The prime investment property is on the market for an asking price of £8.75 million and produces an annual rental income of £500,000 secured against two particularly strong PLC covenants in Barclays and Greggs until 2024.

Naylors, who already manage the building, have been appointed as sole selling agents.

Fergus Laird, head of investment at Naylors commented: ‘This is a particularly significant instruction for the 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.

Fergus Laird added; ‘This is a fantastic investment opportunity with 90% of the building’s income secured to Barclays for the next nine and a half years.  It offers a safe solid return to both private investors, fund and property companies alike, looking to invest in a major city of growing national importance.  We are already dealing with a number of serious enquires and expect further interest over the next few weeks.’

Back to all news

Register for alerts

Clients come to us for our knowledge and intuitive understanding of the property sector, and we always deliver.

Sign up to our property alerts or follow us on social media to keep up to date with our latest services and news.

Sign up for property alerts

View our services to see how we can help you

At Naylors Gavin Black we believe that people who are specialists give the best advice. That’s why our services are broken down into specific areas. It’s this structure which allows us to offer a bespoke service providing solutions across all property types.