Commercial · For sale

12 King Street, Leeds – Prime Grade A City Centre Office Investment

12 King Street, King Street, Leeds, Leeds, LS1 2HL

Guide price £26,250,000

Floor area

4853 sq m

Tenure

Freehold

Added

18 Oct 2026

About this property

Specification 12 King Street has been comprehensively redeveloped and taken back to its structural frame with a new 7th floor added. The building is effectively new and comprises 52,237 sq ft of Grade A office accommodation with basement and 7 upper floors. The building provides private terraces on the 1st and 6th floors, with the 7th floor comprising a substantial communal 3,875 sq ft wrap-around terrace. • BREEAM Excellent and EPC 'A' • WiredScore Platinum rating with ready to go WiFi; Cycling Score Certified Platinum • Exposed soffit and ductwork to office areas; min. 2.6m floor to ceiling height • Full raised access floor (min. 50mm depth) • Zoned heating and cooling through intelligent sensors The basement houses 8 secure parking spaces (8 of which have EV charging points), a cycle and fitness spa with drying rooms and 6 showers. There are a further 4 parking spaces externally to the rear. The reception provides a business lounge for the use of the tenants. Two new energy efficient passenger lifts provide access to excellent open floor plates with good natural light from all elevations. The property is of steel frame construction with floor to ceiling glazing in most areas and a fully glazed double height entrance atrium. • Automatic LED lighting controls with presence detectors • Double height feature reception foyer and ground floor break out / lounge area • Flexible div

Key points: - Active demand currently totals 452,000 sq ft. - Total take-up continues to be constrained by the shortage of available Grade A space. - Q2 2026 take-up exceeded the long-term average, reaching 178,878 sq ft. - Remaining availability across the three prime pipeline schemes totals only 172,281 sq ft, with delivery scheduled for 2027. - Back to frame refurbishment with a new 7th floor added - the building is effectively new build. - 100% prime location in Leeds' Commercial Business District, within a 2 minute walk of Leeds Train Station. - Fully let to 9 international organisations, including Lloyds Bank Plc and NM Rothschild & Sons Ltd - 63% of income from D&B 5A1 covenants. - Low average passing rent of £36.94 psf (ex fitted space) against Leeds prime headline rents of £52.50 psf; current ERV in excess of £2,500,000. - 52,237 sq ft (4,853 sq m) Grade A office space in the most prime location in Leeds City Centre. - BREEAM Excellent - EPC A.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• Net Initial Yield: 7.00%
• Passing Rent: £1.96m pa
• Floor Area: 52.2k sq ft
• Tenure: Freehold