Historic Leeds office building acquired in £1.6m deal
A Grade II listed office building in Leeds has been acquired by a local investments firm in a seven-figure deal.
Moorfield House, which is situated in Headingley, has been sold to Wetherby-based Illuminating Investments in a £1.6m transaction handled by CBRE.
An independent property development and investor company which focuses on refurbishing and mixed-use schemes for the residential and commercial sector, Illuminating Investments is currently in talks to redevelop the Victorian property.
David Aspland, director of Illuminating Investments, commented: “Moorfield House is exactly the type of opportunity we look for, it’s brilliantly located, interesting and has bags of potential for future redevelopment incorporating office or residential use.
“It also appeals to specific end users and we are talking in detail to such a party at the present time.”
CBRE acted on behalf of the administrators of the building after Brass Agency, the former owners, went in to administration at the end of 2019.
Nina Barker, CBRE’s head of Northern residential sales and marketing, said: “We are delighted to secure a sale on Moorfield House which offers an exceptional redevelopment opportunity for Illuminating Investments in a popular suburb of Leeds.
“The property’s Tudor gothic castle style is an appealing feature for the conversion development in an excellent location.”
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