Member Article

Skipton investment firm acquires Leeds city centre freehold commercial property

Skipton-based JN Bentley Properties Ltd, the property investment company, has acquired a freehold commercial property in Leeds City Centre.

JN Bentley has purchased 15 St Paul’s Street for an undisclosed sum.

The five-storey,c.10,000 square footoffice building,remains occupied on two floors by construction consultancy, Gardiner & Theobald, and town planning consultants, Nathaniel Lichfield & Partners.

Plans have now been drawn up to improve the entrance foyer and refurbish the reception area including the addition of a canopy above the entrance creating a commanding presence on St. Paul’s Street.

Sole selling agents Fox Lloyd Jones Ltd has been retained by JN Bentley Properties to market the remaining three fully refurbished and contiguous floors, which are available in suites from c. 1,000 to 7,500 square feetin total at a highly competitive rent.

Director of JN Bentley Properties, Philip Bentley said: “It is not often an opportunity to buy an income producing freehold property presents itself right in the heart of the city centre so we had no hesitation in adding it to our portfolio.”

“With demand for offices growing, combined with its excellent location and forthcoming improvements, we are confident it will be fully occupiedin the near future.”

Nick Salkeld of Fox Lloyd Jones who brokered the deal said: “St Paul’s Street is an extremely popular business address in the heart of the Leeds commercial district, which is well served by many retail and leisure operators.

“The accommodation offers flexible 2,500 sq. ft. floor plates appealing to a range of target markets. Having set an extremely competitive rent for such a high quality product, we have already generated strong interest from the professional service sector as well as the telecommunications media & technology sector.”

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