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Article Summary
Leeds
- The £1million property investment into Albion Court is being made by Manchester-based property company Glenbrook Investments.
- Once renovations are complete, the offices will be put onto the market by joint commercial property agents Carter Towler and Lamber Smith Hampton.
- The £31,400 sq ft Victorian former Church of England Institute will become two office suits of between 4,000 and 8,300 sq ft. Work is due to complete this autumn.
A major investment property project in Leeds is set for the historic building of Albion Court. The city centre landmark is undergoing a £1million regeneration to upgrade the offices above ground level and the basement.
A piece of Leeds’ history
The £1million property investment into Albion Court is being made by Manchester-based property company Glenbrook Investments who acquired the building in September 2021. Once renovations are complete, the offices will be put onto the market by joint commercial property agents Carter Towler and Lamber Smith Hampton.
The project marks another investment into heritage property in Leeds, something that has been happening across the city in recent years. The £31,400 sq ft Victorian former Church of England Institute will become two office suits of between 4,000 and 8,300 sq ft. Work is due to complete this autumn.
A unique design
Glenbrook Investment’s director Scott Griffiths said: “Our contractors started on site this week and we are excited to see all the hard work in planning and designing the changes to the interior now being realised.
“The retail tenants on the ground floor, Pizza Express, Byron Burger and Card Factory will remain as they are, but the office reception area, basement, all communal areas and vacant offices are to be completely refurbished and upgraded. We wanted to reveal the features of the building and create a boutique style that is sympathetic to the architecture and history. I am pleased to say our talented interior designers have created something very special.”
A prestigious location
Adding to Scott Griffiths’ comment, Clem McDowell, office agency director at Carter Towler, said: “Albion Court has everything a discerning business could want, it’s a unique part grade II-listed property with beautiful Gothic revival architecture, in a prestigious heart of the city location, with a plethora of amenities on the doorstep, great transport connections and the highest quality on-trend interiors.
“From the tip of its elegant spire to the events and exercise space in the basement, Albion Court will be one of the classiest office offerings in the city.”
What is property investment?
Put simply, property investment is property purchased with the intention of generating financial returns for its buyer. These returns could be in the form of rental income through buy-to-let properties, house price growth through the future sale of the property or both. Property investments can be owned by individuals or organisations and can be short, long or medium term.
Get in touch
If you’re interested in buying an investment property in Leeds or investing in property anywhere else in the Leeds region and beyond, contact the experts at North Property Group to find out how.
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From £362,450
Gross Yield: 7%
In Construction
Est. Q3 2023
Lease Length: 250 Years