84 Albion Street Leeds West Yorkshire LS1 6AG

  • 84 Albion Street<br>Leeds<br>West Yorkshire<br>LS1 6AG

84 Albion Street
Leeds
West Yorkshire
LS1 6AG

Freehold City Centre Office and Retail Investment with Development Opportunities

  • Comprises four ground-floor retail units and six floors of self contained modern office accommodation above
  • Total floor area of approx. 2,901.90 sq m (31,235 sq ft)
  • Secure basement car parking for approx. 10 cars
  • Retail tenants include Specsavers, Amplifon and a nail salon
  • Prominent Albion Street location in Leeds City Centre
  • Immediate asset management opportunities
  • Development/conversion opportunities (subject to consents)
  • Flexible floor plates capable of subdivision
  • Nearby occupiers include Currys, Cotswold Outdoor, Waterstones, Bill's, Chick-fil-A, Itsu, Caffè Nero and Blank Street Coffee.
  •  
     
  • Auction
    10th December 2026
  • Rent
    £298,330 per Annum Exclusive
    with 1,974.30 sq m (21,251 sq ft) to let
  • Status
    Available
  • Guide*
    £3,500,000
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
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Freehold City Centre Office and Retail Investment with Development Opportunities

  • Comprises four ground-floor retail units and six floors of self contained modern office accommodation above
  • Total floor area of approx. 2,901.90 sq m (31,235 sq ft)
  • Secure basement car parking for approx. 10 cars
  • Retail tenants include Specsavers, Amplifon and a nail salon
  • Prominent Albion Street location in Leeds City Centre
  • Immediate asset management opportunities
  • Development/conversion opportunities (subject to consents)
  • Flexible floor plates capable of subdivision
  • Nearby occupiers include Currys, Cotswold Outdoor, Waterstones, Bill's, Chick-fil-A, Itsu, Caffè Nero and Blank Street Coffee.
  •   
  • Auction 10th December 2026
  • Rent £298,330 per Annum Exclusive with 1,974.30 sq m (21,251 sq ft) to let
  • Status Available
  • Guide* £3,500,000
  • Sector
    High Street Retail, Office
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund

Property Information

Location
Miles
11 miles east of Bradford, 33 miles north of Sheffield, 44 miles north-east of Manchester
Roads
M1, M621, A64 (M), A58 (M)
Rail
Leeds Railway Station
Air
Leeds Bradford International Airport
Situation

Leeds is the principal commercial centre of West Yorkshire and an established regional business and retail destination. The property occupies a prominent position on Albion Street in the Leeds City Centre, within the established retail and commercial core. The surrounding area is undergoing significant regeneration, with the former Core Shopping Centre site immediately to the rear being redeveloped as Garnet Exchange, a major mixed-use scheme incorporating 800 student residences and ground-floor retail. For further information, please refer to https://www.corstorphine-wright.com/projects/garnet-exchange/.

The property is conveniently positioned for Trinity Leeds and the Victoria Quarter shopping centres, and a number of the city's principal office buildings including Pinnacle, Broadgate and City Exchange. The adjoining Basilica development comprises 91 apartments, two floors of offices and approximately 40,000 sq ft of ground-floor retail accommodation. Leeds Railway Station is within a short walking distance to the south, providing regular services to London, Manchester, York and other major regional centres.

Nearby occupiers include Currys, Cotswold Outdoor, Waterstones, Bill's, Chick-fil-A, Itsu, Caffè Nero and Blank Street Coffee.

Tenure

Freehold.

Location
Miles
11 miles east of Bradford, 33 miles north of Sheffield, 44 miles north-east of Manchester
Roads
M1, M621, A64 (M), A58 (M)
Rail
Leeds Railway Station
Air
Leeds Bradford International Airport
Situation

Leeds is the principal commercial centre of West Yorkshire and an established regional business and retail destination. The property occupies a prominent position on Albion Street in the Leeds City Centre, within the established retail and commercial core. The surrounding area is undergoing significant regeneration, with the former Core Shopping Centre site immediately to the rear being redeveloped as Garnet Exchange, a major mixed-use scheme incorporating 800 student residences and ground-floor retail. For further information, please refer to https://www.corstorphine-wright.com/projects/garnet-exchange/.

The property is conveniently positioned for Trinity Leeds and the Victoria Quarter shopping centres, and a number of the city's principal office buildings including Pinnacle, Broadgate and City Exchange. The adjoining Basilica development comprises 91 apartments, two floors of offices and approximately 40,000 sq ft of ground-floor retail accommodation. Leeds Railway Station is within a short walking distance to the south, providing regular services to London, Manchester, York and other major regional centres.

Nearby occupiers include Currys, Cotswold Outdoor, Waterstones, Bill's, Chick-fil-A, Itsu, Caffè Nero and Blank Street Coffee.

Tenure

Freehold.

Description

The property comprises a substantial mixed-use building arranged over the ground and six upper floors. The ground floor currently comprises four retail units, together with an office entrance hall, with the upper floors providing office accommodation including five studio suits on the first floor and five traditional office floors above. The offices benefit from lift access, dual-aspect natural light, part suspended ceilings and raised access floors.

A residential feasibility study has identified the potential to convert the upper floors into approximately 30 apartments, together with the potential for an upward extension, subject to obtaining the necessary planning permissions. A copy of the feasibility study is available in the legal pack.

The property also benefits from basement car parking for approximately 10 vehicles, accessed via King Charles Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial mixed-use building arranged over the ground and six upper floors. The ground floor currently comprises four retail units, together with an office entrance hall, with the upper floors providing office accommodation including five studio suits on the first floor and five traditional office floors above. The offices benefit from lift access, dual-aspect natural light, part suspended ceilings and raised access floors.

A residential feasibility study has identified the potential to convert the upper floors into approximately 30 apartments, together with the potential for an upward extension, subject to obtaining the necessary planning permissions. A copy of the feasibility study is available in the legal pack.

The property also benefits from basement car parking for approximately 10 vehicles, accessed via King Charles Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant Term Rent p.a.x. Rent Review
Unit 1 Ground Retail/Ancillary
91.40
(983)
 AMPLIFON LIMITED
(t/a amplifon hearing specialist)
(1)		 6 years from 31/07/2019 (Holding Over)
(2)
£45,000
(2)
-
Unit 2A Ground Retail/Ancillary
83.90
(902)
 INDIVIDUAL
(t/a A-One Nail & Spa)		 10 years from 25/11/2024
£35,000
25/11/2029
Unit 2B Ground Retail/Ancillary
86.00
(924)
 VACANT
(previously VPZ Vape Store)		 -
-
-
Unit 3 Ground
Basement
First		 Retail
Office/Ancillary
Office
298.10
161.30
121.40
(3,208)
(1,736)
(1,306)
 SPECSAVERS OPTICAL SUPERSTORES LIMITED
(t/a Specsavers)
(3)		 10 years from 19/03/2019
£110,000
25/03/2024
(4)
Studio 3 First Office
171.50
(1,846)
 MURGITROYD & COMPANY LIMITED
(t/a Murgitroyd)		 6 years from 01/05/2022
(5)
£108,330
-
Studio 1
Studio 2
Studio 4
Studio 5
2nd Floor
3rd Floor
4th Floor
5th Floor
6th Floor		 First
First
First
First
-
-
-
-
-		 Office
Office
Office
Office
Office
Office
Office
Office
Office
121.10
106.50
31.60
30.20
319.70
319.70
319.80
319.80
319.90
(1,303)
(1,146)
(340)
(325)
(3,441)
(3,441)
(3,442)
(3,442)
(3,443)
 VACANT -
-
-
10x Car Parking Spaces Basement Car Park
-
-
 VACANT -
-
  
Total    
2,901.90
(31,235)
    
£298,330
  

(1) Amplifon Limited is a hearing care provider specialising in hearing tests, hearing aids and aftercare. Its former parent, Amplifon Group, is a global hearing care business operating in 25 countries, with approximately 10,000 hearing centres worldwide. Amplifon sold its UK business to Hidden Hearing in March 2026, with the combined UK operation adopting the Audika brand from July 2026. (Source: https://corporate.amplifon.com/en; https://www.audika.co.uk/hearing-aids).
(2) The previous lease expired on the 31/07/2025. A new 10-year lease has since been agreed at a rent of £27,500 per annum, subject to three months rent free, with a tenant only break option and an upwards-only rent review at the fifth anniversary. The new lease has not yet been formally documented.
(3) For the year ended 28 February 2026, Specsavers Optical Superstores Limited reported a Turnover of £4,261,818,000, Pre-Tax Profit of £429,693,000 and Net Assets of £506,167,000 (Report and Consolidated Financial Statements as published on Companies House: 09/11/2026).
(4) 2024 Rent Review remains outstanding.
(5) The tenant has exercised their break option and the lease will terminate on 01/05/2027.
N.B. The floor areas have been provided by the Seller and are as referenced in the Lane & Frankham Area Referencing Report, a copy of which will be available within the Legal Pack.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Archie MartineArchie Martine +44 (0)20 7034 4858 +44 (0)7377 803 408archie.martine@acuitus.co.uk
Associate AuctioneersNick Salkeld 01132 431 133 07732 690585nick.salkeld@fljltd.co.uk
Seller's Solicitors
Burness Paull LLP 2 Atlantic Square, 31 York Street
Glasgow
G2 8AS
Callum Donald 0141 273 6844callum.donald@burnesspaull.com  Kirsty Morley 0141 273 6844kirsty.morley@burnesspaull.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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