Leeds is set to find itself with 65 new city centre apartments, sandwiched between the arena district and the shopping district, thanks to a Middle-Eastern investor acquiring Zicon House, on Wade Lane, for the guide price of £2.3m. The 3-storey, 23,000 sq ft office block, located adjacent to the Merrion Centre, is to be redeveloped for residential use.
Permitted development rights have already been granted, allowing for the development of 65 studio and one-bedroom apartments.
As with other buildings in Leeds that have recently been converted from office use to residential use, the plans to convert Zicon House have been made possible by the Government’s relaxation of planning regulations – designed to unlock brownfield sites and increase housing numbers.
The rejuvenated area surrounding the Leeds Arena is continuing to improve, with further investment plans in place for hotels, bars, restaurants, and shops, making it a very attractive place for people working or studying in the city.