Leeds charity hostel acquired for residential development in £2.2m deal
A former care facility and hostel in Leeds is set to be transformed into a ‘major’ residential development after being sold in a multi-million pound deal.
Holdforth Court, situated on Brussels Street close to the city centre, has been purchased for £2.2m by a private investor seeking to develop the site into a new residential development.
Owned by St Anne’s Community Services, which provides care, support and housing services for people with learning disabilities and mental health issues, the four-storey building covers 15,000 sq ft and comprises 36 bedrooms.
The charity was supported by property specialist Eddisons throughout the sale, with Lambert Smith Hampton director Richard Corby acting on behalf of the purchaser in the acquisition.
Steven Jones, Eddisons’ agency division director, said: “Holdforth Court was opened in Leeds by St Anne’s in 1994 and has been providing really valuable services for homeless and other vulnerable people in the city for 25 years.
“We were really pleased to be able to help the charity realise what has become an extremely valuable asset so that it can continue with, and extend, its fantastic work for people in need across the North of England.”
“The former hostel is in a prominent location next to the Gateway development and close to Victoria Gate. This area of Leeds is continuing to see a rapid increase in planning and development as the city centre expands southwards and eastwards.”
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