05 June 2024
Andrew + Ashwell is pleased to announce the successful sale of Berkeley House, a Grade II listed office premises, located in the heart of Leicester City Centre. The 14,722 square foot property renowned for its architectural significance and close proximity to Leicester Railway Station, has been acquired by CECOS Capital Ltd, reflecting continued confidence in Leicester's commercial property market.
Architectural Heritage Meets Modern Business Needs
The property is an exquisite example of Leicester’s rich architectural heritage. Designed by Percy Herbert Grundy, a Leicester architect, who originally configured the property for Goddard’s Silver Plate Powder and Polish firm, the property is an impressive example of art deco design which boasts a number of ornate features, including large span curtain walling, crittall lights and expansive internal ceiling lights.
Despite its historical significance and original construction as a factory, the building has offered a mixture of open-plan and cellular office accommodation for some years and will continue in this vein with its new owner.
Prime Location
The office building's central location in Leicester City Centre provides excellent accessibility and convenience. With proximity to key transport links, including Leicester Railway Station and London Road as an arterial route in and out of the Centre, it ensures seamless connectivity for businesses and their clients. The vibrant surroundings, featuring a mixture of retail, dining, and cultural attractions, further enhance its appeal as a desirable business address.
A Strategic Acquisition
CECOS Capital Ltd, the new owner, is excited to integrate this iconic building into their portfolio. Jawad Tanveer, Director, commented, "We are delighted to acquire such a distinguished property in Leicester City Centre. This building not only represents a significant investment opportunity for our business but also aligns with our vision of preserving historical landmarks while promoting modern business environments. We look forward to continuing its legacy and ensuring it remains a cornerstone of Leicester's architectural and commercial landscape."
Market Confidence
The successful sale of this Grade II listed building underscores the robust demand for high-quality commercial properties in Leicester. Joe Dodd, Associate Director of Andrew + Ashwell, remarked, "This transaction highlights the strength and resilience of Leicester's commercial property market and despite media uncertainty, the continued need for office space in a central location. Whilst there is a lack of Grade A accommodation within Leicester, the sale of Berkeley House represents demand for larger office footprints and a desire to be positioned within the City. We are pleased to have facilitated this sale for an existing client and contributed to the ongoing vibrancy of Leicester's city centre.”