48 Albion Street, Leeds

A private Spanish family trust, advised by Nightingale Partners, has acquired 48 Albion Street, Leeds. The purchase price of £4.0m represents a Net Initial Yield of 4.73%

The property totals 3,565 sq ft (331.2 sq m) over basement, ground and two upper floors and is situated on the eastern side of Albion Street at the junction with Commercial Street opposite the entrance to the Trinity Shopping Centre, situated within the prime retailing location in Leeds.

The property is securely let to Starbucks until 24th June 2025 at a rent of £200,000 per annum and an impending rent review due on 24th June 2015.

The purchaser was represented by Nightingale Partners.