Summary - 31, EASTGATE LS2 7LY
1 bed 1 bath Commercial Development
Prime city‑centre parcel with flexible mixed‑use conversion potential for experienced buyers.
- 118,189 sq ft across adjacent Edwardian and Art Deco buildings
- Freehold ownership over a substantial c.0.54 acre site
- Mixed‑use currently: retail, education, office plus 39 vacant residential units
- Certificates of Immunity from Listing in place for all buildings
- Fronts Eastgate Quarter Strategic Development Site, prime city‑centre position
- 14 basement car spaces plus bike storage; no private garden or external amenity
- Medium flood risk and located in a very high crime area (material considerations)
- Redevelopment/change of use requires planning consent (STP) and refurbishment costs
A large freehold corner terrace offering 118,189 sq ft across several floors in Leeds city centre, presented as a strategic redevelopment opportunity for experienced investors and developers. The parade of Edwardian and Art Deco buildings sits directly opposite Victoria Gate Shopping Centre and fronts the Eastgate Quarter Strategic Development Site, giving strong location credentials for high‑density mixed use.
The buildings currently contain a mix of retail, education, office and 39 vacant residential units, with potential to increase unit numbers subject to planning (STP). Certificates of Immunity from Listing are in place for the properties. Basement parking includes 14 car spaces and bike storage but there are no private gardens; external amenity is limited to busy urban frontage.
Material considerations are straightforward: the site lies in a very high crime area and has a medium flood risk. Redevelopment will require planning consent for change of use (STP) and likely refurbishment or substantial fit‑out of existing floorplates. The scale and variety of the buildings mean costs and timescales will suit buyers experienced in complex city‑centre conversions.
For the right buyer this is a rare, large footprint city‑centre holding with flexible floorplates and clear value‑add potential to student housing, co‑living, hotel, additional residential or continued commercial uses. The location benefits from excellent mobile and fast broadband connectivity and immediate access to retail, cultural and transport infrastructure.
Commercial development for sale in 35 Eastgate, Leeds, 35 Eastgate, Leeds, LS2 — £10,000,000 • 1 bed • 1 bath • 20909 ft²
High street retail property for sale in 20 New Market Street, Leeds, West Yorkshire, LS1 6DG, LS1 — £500,000 • 1 bed • 1 bath • 2500 ft²
Office for sale in 26-27 Park Square West, Leeds, LS1 2PL, LS1 — £1,500,000 • 1 bed • 1 bath • 5856 ft²
Land for sale in St Cecilia Street, Leeds, LS2 7PA, LS2 — POA • 1 bed • 1 bath • 6970 ft²
High street retail property for sale in Roundhay Road, Leeds, West Yorkshire, LS8 — £895,000 • 2 bed • 1 bath • 2774 ft²
High street retail property for sale in Austhorpe Road, Leeds, West Yorkshire, LS15 — £375,000 • 1 bed • 1 bath • 992 ft²
