Leeds Investment Property – Own a Below Market Value City Centre Buy to Let with 6.9% Net Rental Return
The city of Leeds is experiencing strong rental demand from young professionals and city workers with rental returns outweighing those found in other comparable cities. With projects soon to be completed such as the £350 million Trinity shopping complex, the £650 million Eastgate Quarters redevelopment and the £80 million Leeds Arena, the economic outlook for one of the UK’s premier cities is gaining strength fast.
- Central Leeds Location
- 6.9% Annual Rental Returns
- Buy to Let Mortgages Available
- £1 Billion City Centre Regeneration
- Experienced Management Company
- Prices from £105,000
Skyline Apartments at One St Peters Square is ideally located for city workers in and around Leeds. The location of this iconic development is also home to the BBC Leeds Studios, the Leeds College of Music, Yorkshire Dance and West Yorkshire Playhouse.
The development consists of 130 apartments made up of studios, as well as 1 bedroom and 2 bedroom apartments. Apartments are fully furnished with balconies and the development is 100% tenanted with a combination of professionals and mature UK and overseas students.
Less than 200 meters away is the planned Eastgate Quarters redevelopment which is set to transform Leeds city centre into one of the premier shopping, office and residential districts of the UK. With Leeds bus station just a stone’s throw away and access to the main ring road also close by, the Skyline Apartments are in high demand.
Lucrative Buy to Let Investment
The limited number of investment properties are tenanted with AST (Assured Short-hold Tenancy) agreements. AST’s can be either extended at the end of the tenancy or the properties can be re-let through the appointed letting agent. Annual rental income on the 2 bedroom apartments is between £700 – £800 per month providing an average annual return of 6.9%.
*75% LTV Interest Only Mortgages Available. Subject to Approval.