Secure income with refurbishment upside near Leeds creative clusters.
Fully let to Leeds City Council — secure public sector tenant and income
Passing rent £273,634 per annum — immediate rental cashflow
Large footprint: 25,404 sqft across four storeys on approx 0.47 acres
28 external car parking spaces and secure service yard included
LED lighting, air conditioning, lift and ramped access throughout
Varying standards of fit-out; some suites likely need refurbishment
Very slow broadband and connectivity may limit certain occupiers
Located in a very deprived area with a high local crime rate
Studios House is a freehold, four-storey purpose-built office building, fully let to Leeds City Council with a current passing rent of £273,634 per annum. The 25,404 sq ft property sits on about 0.47 acres and includes 28 external car parking spaces and a secure service yard — a rare island of long-income, town-centre stock for a single purchaser.
Internally the building offers a mix of workshop and flexible fitted office/studio accommodation with lift access, ramped entrance, air conditioning, LED lighting and WC/kitchen facilities on each floor. The asset benefits from strong institutional covenant support and an operational role supporting the local film industry and neighbouring studios, which underpins occupational demand for specialist studio-type space.
Buyers should note material market and physical considerations: the wider area is classified as very deprived with a high local crime rate, and broadband speeds are described as very slow. Fit-out quality varies across suites and some areas will require refurbishment to meet modern occupier expectations. These factors affect repositioning prospects but are reflected in the investment profile.
For an investor seeking immediate income with scope for medium-term value enhancement, Studios House offers secure rental cashflow from a public sector tenant alongside potential upside through capital refurbishment, improved connectivity, or re-letting when leases allow. The location’s proximity to Leeds city amenities and creative clusters supports long-term demand, but any acquisition due diligence should factor in upgrade costs and local area conditions.
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