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Park House and former Scarborough HQ up for sale

26th May 2011

By Rachel Covill – Business Correspondent




AN historic Yorkshire office building has come on the market for the first time in more than 25 years.

Offers in excess of £2.25m are being invited for Park House, a period property that fronts onto Park Square in Leeds.

The mixed-use building is located at the corner of Park Square West and St Paul’s Street and is thought to have been a warehouse for wool during the city’s textile boom.

It offers around 18,000sq ft of space with parking.

Park Square, an historic area dating back to the 18th century, owes its rich architecture to the wealthy merchants who chose to move out of the busy, dirty industrial centre into a greener neighbourhood.

Brewer Joshua Tetley and Louis Le Prince, the famous cinematographer, are among some of the early residents who lived in the Park Estate as it was formerly known.

Richard Dunn of Sanderson Weatherall said: “This is a unique opportunity to buy a landmark property in one of Leeds’s most attractive and historic locations. As well as being a sound investment opportunity the acquisition of this property at the asking price represents only £123 per sq ft which is real value for money.”
Located in a conservation area, Park House houses a Pizza Express restaurant on the ground floor and office accommodation on the upper floors.

Other tenants include Ryden and AIM Legal Expenses.

Mr Dunn added: “The property has been owned by our clients for more than 25 years and offers significant asset-management potential including lease regear, change-of-use, refurbishment and reconfiguration opportunities.”