Skip Ribbon Commands
Skip to main content

News Release

London

Liberty House in Hull Goes Under the Hammer in Next Jones Lang LaSalle Auction


Hull, 22nd February 2012 – Liberty House in Hull is available to buy via auction through commercial real estate firm Jones Lang LaSalle on Tuesday 6th March 2012.  The freehold modern office investment, let to the First Secretary of State and currently occupied by the Humberside Probation Trust, is being sold at auction at a guide price of £1,400,000.

Mat Harris, Director, Jones Lang LaSalle Auction Team, commented that: “This fantastic office investment opportunity situated opposite the Crown Prosecution service in the university city of Kingston upon Hull, just 50 miles east of Leeds, is expected to be a very popular lot.  With Hull likely to be selected by Siemens as their preferred location for their main production facility to make wind turbines, this reflects the encouraging positive signs of investment into the city and surrounding area.”

Commenting on the market, Felix Rigg, Principal Auctioneer and Director at Jones Lang LaSalle, said: “The current market offers genuine opportunities for a buyer to acquire commercial property at reasonable prices.  From their perspective, I think it really is a question of making hay while the sun shines and with the green shoots of economic recovery already in sight.”

For the full property particulars and to view the auction catalogue please visit www.joneslanglasalle.com/property-auctions

– ends –
 
Notes to editors:

- The main photograph above was taken in 2005 and is being used because the building is currently shrouded in scaffolding whilst maintenance work is being carried out.
- The current rent is set at £130,000 per annum.
- Let to the First Secretary of State for 15 years from 11th August 2004.
- A modern detached office building arranged over ground, first and second floors. The building has air conditioning, raised flooring and passenger lift and totals about 1,009.00 m2 (10,863 ft2). To the rear is a secure yard for car parking for about 12 cars.
- The Jones Lang LaSalle Auction is taking place at Le Meridian Hotel, 21 Piccadilly, London W1J 0BH, Tuesday 6th March.  For further information contact Mat Harris on +44 (0)20 7087 5496 or Felix Rigg on +44 (0)20 7087 5427