Landmark Building in Leicester Brought to the Market
After working with our Clients, HPPUT, for the past 12 years refurbishing and letting the former HQ of the Leicester Mercury newspaper and transforming the building into one of Leicester’s best quality office buildings we are delighted to have been instructed jointly with Gerald Eve to market the freehold of the property.
We are seeking offers in excess of £10,500,000 which reflects a net initial yield of 8.75% and a low capital value of £123 per ft².
There is great opportunity to add value through rental growth within the office areas and in due course a potential repositioning of the leisure unit to the rear.
A video tour of the property can be seen at https://www.youtube.com/watch?v=U6vBSlZFSpQ
For more information contact either John Proctor or Mark Tomlinson at FHP on 0115 950 7577.