A mixed-use complex in the heart of Leeds city centre has hit the market with a £4 million guide price - five years after it was bought out of receivership.
Once home to The Elbow Room, a former sports bar and American pool hall, the name was retained by Addington Capital when it swooped for the 24,000 sq ft Call Lane property.
It obtained planning consent for change of use to offices, refurbishing the second and third floors.
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Philip Symonds, partner at Addington Capital said, ”Once stripped back, the characterful upper floors enabled us to design and deliver much-in-demand creative and modern office accommodation.
"Leeds has a growing innovative and enterprising local economy, and we are delighted to have harnessed this demand to attract a vibrant array of tenants. The property presents a rare freehold mixed-use investment opportunity in the lively heart of Leeds at an attractive price.”
North Property Group has just let 2,100 sq ft on the second floor for a five year term, with Parallax, a fast-growing digital agency taking the entire third floor.
The basement, ground floor and first floor are let to Revolution de Cuba, a South American-themed tapas cocktail bar.
Cushman & Wakefield has been instructed to sell the property by London-based Addington, set up in 2010 by Martin Roberts and Matthew Allen as an independent asset management and investment business.
