£4 million price tag for landmark Leeds city centre property

Strategic property and construction advisors, Fox Lloyd Jones (FLJ) has launched 84 Albion Street on behalf of ESR at an asking price of offers in excess of £4 million.

The mixed use freehold commercial building is situated in a high-profile position between the city’s established retail core and its expanding office district. The multi let property totals 31,521 sq ft and is part income-producing, with both the retail and office elements let to a mix of occupiers.

The ground floor comprises four retail units extending to 9,282 sq ft, all fully let including long-standing tenant Specsavers and generating £220,000 per annum in total.

The separately accessed upper floors provide a range of office accommodation, including a fitted and furnished first floor arranged as five ‘Let Ready’ studio suites, alongside highly efficient 3,445 sq ft floorplates from the second to the sixth floor.

Several of these floors benefit from being part-fitted including kitchens and meeting rooms, and the second floor offers a rare private roof terrace. In total, the building produces £295,262.40 per annum (net), with an average lease term of 3.91 years (to expiry).

84 Albion Street has long served as a well-positioned commercial building, and its configuration lends itself to a number of future opportunities. While the property continues to function as a successful multi-let office and retail investment, its floorplates, natural light, and structural layout make it highly suitable for a wide range of alternative uses (subject to planning) including boutique hotel, serviced apartments or student living. A recent feasibility study indicates potential for around 30 residential units across the upper floors.

Nick Salkeld, a director at Fox Lloyd Jones, said: “We are pleased to bring 84 Albion Street to the market at a time when there is significant office rental growth opportunity in the Leeds city centre market and demand for high-quality value-add opportunities in core regional cities remains strong.

The building provides a compelling blend of secure income and clear repositioning potential. Its central location, efficient floorplates and the flexibility inherent in the design mean it appeals to a wide range of investor groups looking to capture both short-term and long-term value. Leeds continues to demonstrate resilience and growth across office, retail and living sectors, and 84 Albion Street is exceptionally well placed within that context.”

Located within one of the most established commercial areas of Leeds, the property sits among flagship retail destinations, major office developments and the city’s expanding leisure offering, reinforcing its long-term relevance and investment appeal.

For further information or to arrange a viewing, please contact FLJ.