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UNDER OFFER

University Centre, Park Lane House, 2 Hanover Way, Leeds, LS3 1EQ

POA
Jones Lang Lasalle, Leeds - Capital Markets
SIZE AVAILABLE

19,602 sq ft

1,821 sq m

SECTOR

Commercial development for sale

Key features

  • Adjacent to Leeds College Campus and walking distance to both the University of Leeds and Leeds Beckett University
  • Close to Leeds City Centre
  • The brownfield site extends to 0.18 ha (0.45 acres) gross
  • Planning pre-application for a stepped 15 storey building

Description

Description
The site extends to 0.18 ha (0.45 acres) gross and the topography of the site slopes downwards from the north western corner to the south eastern corner.

The majority of the site is occupied by a 5 storey building, which was constructed in circa 1960s. It now provides offices and teaching space. The approximate net internal area of the building is 33,691 sq ft.

Vehicular access is from Hanover Lane to the east. Pedestrian access if from Hanover Way to the west. There is no substation on site and it is currently being serviced from the Park Lane Campus opposite.

Location
The development site is located less than 0.5 miles west of Leeds City Centre. The area to the south of the property is residential in nature including a 17 storey high rise local authority apartment block. To the west of the property is the Leeds City College Park Lane Campus. To the north, east and south east of the property is predominantly office uses with Joseph’s Well, a non-designated heritage asset situated directly to the east.

Located within the Little Woodhouse Neighbourhood Plan area and within close proximity of the Little Woodhouse Conservation area and Leeds City Centre conservation area.

The area is a popular location for students to reside given its proximity to Leeds City College (adjacent), University of Leeds (0.5 miles) and Leeds Becket University (0.5 miles).

Planning
The site forms part of the Little Woodhouse Neighbourhood plan.

As part of the plan any development of the Leeds City College Park Lane Campus and University Centre sites are to be carried out in accordance with the Park Lane Campus Design Code Policy PL2 which focuses on the following preferred uses:

C3: Residential
(accommodation suitable for families should be included as part of the mix of uses on the main site).

E: Commercial business and Service:
Retail, food and drink at ground level; Commercial including offices and workshop spaces; health facilities; gym.

F1: Education space
Sui Generis: Student accommodation (where it forms part of a wider mix of uses on the site as a whole).

The property does not lie within a conservation area but is within close proximity of Little Woodhouse Conservation area and City Centre Conservation area. According to the Environment Agency flood mapping service, the site sits within flood zone 1. With regards historic planning applications for the site in May 2001 an application for change of use from offices to further education was accepted. No redevelopment planning
applications have been made.

A planning pre-application meeting was held in July 2024 with regards to the subject site. The main focus of the application was to understand the Councils position with regards change of use to residential / student accommodation and acceptable massing. The Council confirmed in principle the change of use would be acceptable and subject to design a massing of 15 storeys, stepping down to 13 storeys towards Joseph Well and a 9/10 storeys step to Hanover Way.

Architects Hawkins Brown have produced a feasibility study based on the above, which allows for the following;

Build to Rent - 146 beds based on a split of 57% 1 beds, 33% 2 beds and 10% 3 beds.
Purpose Built Student Accommodation - 294 beds based on a split of 57& studios and 43% clusters.

Rights to Light
An advisory note has been prepared regarding Rights to Light and this can be found within the data room.

Substation
There is no substation on site, the property is currently being serviced from the Park Lane Campus opposite. Interested parties are to allow for a new substation on site.

Vacant Possession
The College are in occupation of the subject building which they will be looking to vacate in Q4 2025.

Method of Sale
The subject site is for sale by way of Private Treaty; however we reserve the right to conclude the marketing by an Informal Tender process.

Viewings
Access will be provided to the site through a number of viewing dates. We ask interested parties refrain from entering without prior consent

Offer Deadline
We are inviting offers on a conditional and unconditional basis by 12 noon on Tuesday 22 October 2024.

An offer pro-forma will be provided within the data room, we ask interested parties to complete this in full as part of their offer submission.

Title
The site is held under title numbers WYK674536 and WYK680620.

VAT
We understand the site has been elected for VAT.

Further Information
Please refer to to view/download all available documents, which includes:
- Planning Pre Application
- Site layout plan
- Technical pack – including Rights to Light advisory note

Brochures

University Centre, Park Lane House, 2 Hanover Way, Leeds, LS3 1EQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leeds Station0.6 miles
  • Burley Park Station1.2 miles
  • Headingley Station1.9 miles

About Jones Lang Lasalle, Leeds - Capital Markets

12 Wellington Place Leeds LS1 4AP

We SEE A BRIGHTER WAY forward for our clients, our people, our planet, and our communities. By combining innovative technology with world-renowned expertise, we’re unveiling opportunities that create a brighter future for all. 

At JLL, we take pride in doing things differently. We see the built environment as a powerful medium with which to change the world for the better. By combining innovative technology and data intelligence with our world-renowned expertise, we’re able to unveil untapped opportunities for success.We help buy, build, occupy and invest in a variety of assets including industrial, commercial, retail, residential and hotel real estate. From tech startups to global firms, our clients span industries including banking, energy, healthcare, law, life sciences, manufacturing, and technology.

Notes

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