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North Street Lofts, Leeds City Centre

Prices from £105,950, parking available for an additonal cost

Guranteed Yields up to 5.9%   |   Long Leasehold 125 years 

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UK City Residential are proud to exclusively bring to market North Street Lofts, a brand new residential development by V1sion Properties on North Street, in Leeds City Centre.

The developers are on site now and expect to have the development works completed by June 2016, which is coincidently when the highly anticipated Victoria Gate retail development is due to complete, just a five minute walk away. Victoria Gate will be home to among many other retailers, John Lewis.

The lease for each flat will be 125 years with an initial annual ground rent payable at £300 per annum. Each apartment comes with the use of an additional storage space and there are also three parking spaces, each priced at an additional £15,000.

The development will be suitable for both investors and owner occupiers and we anticipate strong demand from both due to the strength of the rental market in Leeds City Centre and the pricing of the apartments which is very accessible to owner occupiers. 

The developers are carefully converting the building and additional space to create 11 one bedroom apartments, with prices from just £105,950. Buy-to-Let investors will have the option of a guaranteed net yield for the first year of 5.4 to 5.9% depending on the unit.
 

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