Barclays Bank regional retail HQ put on investment market for £8.75m

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THE regional retail headquarters of Barclays Bank have been put on the market for £8.75m.

The building, on Albion Street in Leeds city centre, produces an annual rental income of £500,000 secured against Barclays and Greggs until 2024.

North East property consultancy Naylors Chartered Surveyors, which already manages the building, has been appointed sole selling agent.

Fergus Laird, head of investment at Naylors, said: ‘This is a particularly significant instruction for our investment team due to both the property’s value and location.

“Although the majority of Naylors’ agency instructions are located in the North East, investment agency and management have a national reach and we have acquired a growing number of properties outside the region over the last few years including York, Aberdeen, Edinburgh, Hull, and Bognor Regis.’

The 14,156 sq ft building is a mid-terrace of five storeys with granite finish and modern internal banking facilities.

There is a Greggs on the ground floor.