The 18,000sq ft former wool mill was on the market for the first time in more than 25 years. It received considerable interest before being sold to Stonebridge Projects, which intends to move its Leeds office to the building. There is a Pizza Express restaurant on the ground floor and the other occupiers are Ryden LLP and AIM Legal Expenses.
A prime mixed-use property, Park House is at the heart of one of Leeds’s prime professional locations, with many legal, accounting and property firms in the vicinity. It stands at the corner of Park Square West and St Paul’s Street, and numbers brewer Joshua Tetley among its early residents.
Park Square owes its rich architecture to wealthy merchants who left the grimy centre of Leeds for a leafier neighbourhood.
Richard Dunn of Sanderson Weatherall said: “This property is probably one of the best small investment opportunities to have become available in central Leeds this year. Its relatively quick sale is indicative of this.”
Sanderson Weatherall acted for the vendor, Greater Manchester Pension Fund.
Dresler Smith acted for Stonebridge Projects.
Notes to editors:
Sanderson Weatherall LLP is a firm of chartered surveyors and property consultants with offices throughout the north of England and London. Its experienced and multi-disciplinary teams provide a wide range of expertise in agency, asset-management, rating and valuation, planning advice and landlord and tenant negotiation.
For further media information contact: Beth Coombes, Impression PR 01423 790108