This property is no longer on the market
2 bedroom apartment
- AMAZING APARTMENT
- 5TH FLOOR
- 632 SQ FT
- VOTED THE BEST AREA TO LIVE IN LEEDS
- AWARD WINNING DEVELOPMENT
- GREAT POTENTIAL FOR CAPITAL GROWTH
- HIGH SPECIFICATION FINISH THROUGHOUT
- LOCATED IN LEEDS SOUTHBANK
- STRONG YIELDS
- 5 MINUTE WALK FROM THE CLIMATE INNOVATION DISTRICT
Victoria riverside is an award winning development for Leeds and a sympathetic conversion of the former Hunslet and Victoria flax spinning mills which have laid derelict for over 40 years.
The Site enjoys an excellent location which is adjacent to the River Aire and also offers easy access to Leeds City Centre as well as the wider motorway network.
The development forms a part of the Leeds Southbank regeneration scheme and also sits ¾ mile away from the proposed new HS2 station.
Leeds is a vibrant city benefitting from substantial investment and direct links to London and Manchester.
HIGH TENANT DEMAND The apartments in previous blocks of the Riverside Apartments scheme have been a huge success on the rental market with tenants wanting to live in high specification accommodation close to the river as well as Leeds City Centre, and with this in mind you can rest assured there will always be rental demand for tenants wanting to rent, particularly as it is new-build.
Furthermore, the Riverside Apartments are ideally located with a close proximity to some of Leeds major employers, ensuring high tenant demand and therefore future-proofing your property investment. The summer months are also, by far, the most buoyant due to the 40,000 graduates every year that are looking for accommodation just like this, which will work great with the completion time line to ensure every unit is let.
LEEDS INVESTMENT CASE
LEEDS' PROPERTY MARKET JLL tip Leeds for the highest price growth in the UK. JLL believe that house prices in Leeds will grow by 19.9% by 2022, so now is the ideal time for making a property investment.
Furthermore, with lots of students in the city, (many of whom stay on after graduation), as well as young professionals making the most of the city's diverse economy, Leeds has a healthy rental market. The vacancy rate has nearly halved in the past decade, reaching a low level of 2.5% in 2017. Forecasts look promising with JLL predicting that Leeds will have the largest increase in rents compared to Manchester and Liverpool, at 18.8% between 2018 and 2022.
ECONOMIC AND EMPLOYMENT GROWTH Leeds is a major UK business centre and one of the best places in Europe to locate a business. The city has one of the most diverse economies of all the UK's main employment centres. Furthermore, the city sits at the heart of a wider city region which has an economy worth over £64 billion per annum and a workforce of 1.4 million.
Within the next 10 years, the Leeds economy is expected to grow an extra 21%, with financial and business services set to generate over half of GVA growth in that period.
Leeds is currently one of the largest hubs outside of London for financial and business services, digital, creative publishing and broadcasting. Leeds is also seeing a rise in the technology, media and telecom industry – more than any other Northern Powerhouse city. The city also has the fastest growing legal sector in the UK. Seeing a 20% increase in legal jobs in 2010-2016 versus just 5% in London.
EDUCATION Leeds is globally well-known for its education institutions, which includes four universities attended by more than 65,000 students per year. Named the UK's best student city in 2016 by The Independent; many of the universities are well established in their various fields. Leeds Beckett University, ranked 1st internationally, for technology, 2nd in the world for virtual learning and 3rd worldwide for laboratories. Also, Leeds Arts University can boast Henry Moore, Barbara Hepworth and Damien Hirst amongst its notable alumni.
LIFESTYLE Leeds has been named the 3rd best shopping destination in the UK. Boasting 3.5 million square feet of retail space, five miles of shopping streets and one of the country's largest pedestrianised shopping areas. This helps to attract visitors, along with how connected the city is. Leeds Bradford international airport is located just eight miles from Leeds City Centre. Furthermore, the national rail connects the city to Manchester, York, Liverpool and London King's Cross. As a result, Leeds draws more annual visitors than more traditional holiday destinations in the UK.
REGENERATION AND INVESTMENT Leeds continues to undergo major transformations. There are many huge regeneration projects currently underway in Leeds, bringing new investment opportunities to the city.
The South Bank project will transform Leeds, doubling the size of the city centre as well as its economic impact. The development is located within the largest regeneration project Leeds has ever seen. It will turn the South Bank area into a global destination for investment, sustainable living, learning, culture, creativity and leisure. Once complete, South Bank will bring 35,000 new jobs, 8,000 homes and a new international commercial district to Leeds. Leeds South Bank is one of Europe's most exciting sustainable growth locations and will transform Leeds city centre. With the development ideally situated in the heart of South Bank, this is one of the best property investment opportunities available in Leeds.
Another significant project is SOYO. Once complete, this £300 million development will be the heart of the Leeds cultural scene. This extended cultural quarter beings with it almost 150,000 sq ft of office, retail, and leisure space, as well as 700 residential units. Thanks to SOYO's numerous trendy bars, restaurants and outdoor spaces, the area is likely to become one of the most desirable in Leeds.
LEEDS' POPULATION Leeds is currently experiencing population growth at a rate seven times faster than London. This means that in 10 years the city is expected to have 39,000 more residents than it does today.
With a growing population comes growing demand for housing. Leeds housing supply significantly lags behind this demand. Leeds Council has stated that at least 4,375 new residences are needed per year. However, only 2,232 are currently under construction.
This creates great opportunities for property investment in Leeds. The city consistently ranks as one of the best forecast for property price and rental growth in the UK. Over the previous decade, capital growth in Leeds was 35.6%. It is forecast to be 17.1% between 2019 and 2023; the highest of any regional city in the UK.
SHOPPING Leeds is a dream for shopaholics, with no less than 8 indoor shopping centres as well as the main pedestrianised shopping street Briggate, with its many arcades, some of which even dating back to the late 1800's. All budgets and tastes are catered for, if High end brands is what you're looking for, the Victoria quarter is the place to be with luxury boutiques as well as a Harvey Nichols. Simply for the architecture alone, the Corn Exchange is definitely worth a visit, but as an added bonus, the refurbished building also boasts quirky independent shops and cafes ensuring Leeds the position of the third largest shopping destination in the UK outside of London.
GREEN SPACE Leeds boasts a variety of lovely parks and open spaces to explore. Roundhay Park, for example, is one of the largest city parks in Europe. There is lakes, tropical glasshouses, landscaped gardens and open areas which hold big events such as concerts and the Leeds Asian Festival.
ENTERTAINMENT Leeds City Centre has a wide selection of bars alongside some of the worlds best restaurant chains which offer a massive variety of different cuisines, from the renowned ivy, Guacho and San Carlo, to name a few. This partnered with the warmth from the people of Leeds offers a real welcome to this delightful city.
CULTURE Leeds has a very proud and rich culture, with many fantastic cultural destinations within the city. Not only is Leeds home to world renowned author Alan Bennett and the greatly celebrated artis Damien Hirst, but it is also home to an array of top-class museums and galleries including the Leeds City Museum, the Royal Armouries and the Thackery Museum.
ENQUIRE WITH NORTH PROPERTY INVEST
North Property Group - Leeds
One Brewery Wharf Leeds LS10 1GX
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