The former Jubilee Hotel in Leeds has sold for £1.9m at Allsop’s October Commercial Auction, selling £400,000 above its asking price.
Situated in the heart of the city centre, this well-known local building is to begin a new chapter in its 113-year history. The property occupies a prominent position on The Headrow, one of the city’s main thoroughfares and home to many of the city’s civic and cultural buildings. Indeed The Jubilee Hotel is directly opposite Leeds Town Hall.
Built in 1904 by Thomas Winn & Sons, Jubilee Hotel’s red brick and Burmantofts terracotta building, with a
copper-domed corner tower, is a landmark in the city centre and an integral part of Leeds’ heritage. Once described as Leeds’ only remaining ‘gin palace’, the building has enjoyed a remarkable history.
The former hotel currently comprises an attractive Grade II listed building and adjoining office and retail space, including four shops and self-contained offices totalling approximately 18,000sqft.
Anthony Hart from Allsop’s Leeds Office, said: “As you might expect for an opportunity carrying such a heavy weight of history and potential, our private treaty and auction teams experienced high volumes of interest, receiving over 200 enquiries in total. Subject to gaining necessary consents, redevelopment of this site is an exciting prospect, particularly when you consider its prime location and the inclusion of such a striking architectural building”.
This lot was sold using Allsop’s ‘hybrid’ model which combines private treaty with an auction backstop.
Notes to editor
Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation. We are also well known as the UK’s largest and most successful auction house. Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.
For details visit www.allsop.co.uk
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