Carter Towler has negotiated the purchase of 60 Wellington Street on behalf of client, Priestley Investments. The 3,845 sq ft 3-storey property, which had previously been occupied by West Riding Sign & Print for several decades, was sold by CBRE off a guide price of £425,000.
Priestley Investments, part of the Priestley Group, plans to transform the building into contemporary office space with stripped-back interiors and an industrial feel created by exposing brickwork and services.
Nathan Priestley, Chief Executive Officer of the Priestley Group, said: “Thanks to Channel 4’s highly publicised move to the area there is an opportunity to cement Leeds as one of the UK’s core cities positioning it as a cost effective place to do business that equals London and Manchester.
“To achieve this we need more high quality studio and office spaces providing homes for growing businesses. On completion 60 Wellington Street will provide such prestigious accommodation and will attract local and national businesses to the city.”
Richard Fraser added: “Freehold office buildings in Leeds City Centre are rarely available. Being able to find and acquire such a rare commodity for one of our client’s is great news. Refurbishing and converting the building into interesting, industrial-style studio office suites is providing exactly what the market wants at the moment. We are sure the building will let very well once the refurbishment works have been completed.”