Grade-II listed property with ‘state-of-the-art’ gym launches to market

A Grade-II listed property, which was comprehensively redeveloped in 2017/2018 to provide a 16,240 sq ft gym, is being brought to market.

The Old Library on York Road, located close to Leeds city centre, has been let to The Gym Group on a new 15 year lease.

The Capital Markets team at CBRE Leeds has been appointed to market the property, which is seeking offers in excess of £2.45m, reflecting a net initial yield of 6.48%.

Robin Bullas, director for the Capital Markets team in Leeds, said: “We are delighted to bring to market The Old Library which lay derelict and has now been brought back to life as a state-of-the-art gym facility, retaining some of the building’s original features.

“The property is situated in an excellent location close to Leeds City Centre and will appeal and attract workers commuting to and from the city, as well as people from the local community seeking accessible, low cost fitness facilities .”