Mixed-use Leeds scheme brought to market for £33m

A major mixed-use development in Leeds city centre comprising retail, office and leisure facilities has been brought to market for £33m.St Johns Centre is currently owned by Cromwell Property Group, which has appointed the Leeds office of global property consultancy Knight Frank to market the 2.5-acre scheme.St Johns, which was bought by Cromwell in 2015, features 84,705 sq ft of offices on the upper floors, most of which is occupied by bookmakers William Hill. The betting giant has just signed a new ten-year lease and has circa 1,000 employees in Leeds, including technology, retail support, trading, marketing and creative brand teams. Other office occupiers include the NSPCC.The site is also home to a multi-storey car park operated by QPark on a 40-year index-linked lease.Leisure tenants include McDonalds, which made its debut in Leeds in the newly opened centre in 1986. In total, there are 26 retail and leisure units in the building, including the Post Office.St Johns generates a net rental income of £2.85m a year, reflecting a net initial yield of 8.09 per cent.