0 Bedrooms Studio for sale in Manor Mills, Southbank, Leeds LS11 | £ 110,000
Overview
| Price: | £ 110,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Studio |
| County: | West Yorkshire |
| Town: | Leeds |
| Postcode: | LS11 |
| Address: | Manor Mills, Southbank, Leeds LS11 |
| Bathrooms: | 1 |
| Bedrooms: | 0 |
Property Description
Manor mills This is a spacious and well presented, open plan contemporary apartment, located on the 1st floor of a very popular development. The property rents out with ease and is currently tenanted by a long term tenant. The apartment makes an ideal investment due to its location in the southbank area which is undergoing huge redevelopment.
The open plan living area offers a white high gloss kitchen, with built-in appliances, including oven, hob, fridge and mini dishwasher. The lounge/diner has large windows, which flood the room with light.
The development Manor Mills is a very popular development with city dwellers, primarily because of its easy access into and out of the city centre. Ideally positioned for east access into and out of the city, with the main motorways to the north and south, being a short drive away.
The southbank project The regeneration of the South Bank area of Leeds will be the biggest change the city has seen in more than one hundred years. Aiming to double the size of Leeds city centre by transforming South Bank into a distinctive European destination for investment, living, learning, creativity and leisure.
South Bank refers to a number of investments and proposed activities aimed at regenerating 185 hectares of land that lies south of the River Aire in Leeds. The regeneration will be one of the largest city centre regeneration initiatives in Europe.
The scheme will provide over 35,000 jobs and over 4,000 homes, capturing the growth of Leeds city centre for the coming decades.
The particulars of this unit Service Charge (£pa) £853
Ground Rent (£pa) £370.39
988 years remaining on the lease
Currently tenanted at £575pcm.
Erv is £625pcm
Gross Yield at erv: 6.81%
Net Yield: 5.7%
And you get to benefit from the huge capital growth that Southbank will bring!
Why invest? The Leeds economy is diverse, robust and worth £18 billion, a growth rate of almost 40% in the last decade. Leeds has a vibrant cultural, excellent connectivity, outstanding value and a world leading approach in emerging and high growth sectors, To put it simply, Leeds is a compelling proposition for stable, long-term growth.
A place to work
Leeds is home to over 25,000 businesses and has the highest ratio of private to public sector jobs of all major UK cities. Over 30 national and international banks are based here and in the wider region. Many
firms have national/global headquarter operations, including first direct, kpmg, hsbc, dla Piper, Bank of Scotland and Yorkshire Bank.
A place to learn
The Leeds City Region has 14 further education colleges, nine higher education institutions and well respected colleges of art, design and music. The innovation potential from highly-skilled graduates is virtually limitless here, with one of the highest concentrations of universities in Europe.
A place to shop
Leeds has long been known as a mecca for shopping. The City Centre alone boasts over 1,000 stores, small boutiques and high-end luxury brands. If shopping isn't your thing, Leeds has a burgeoning restaurant
scene to suit a variety of tastes from street food to Michelin star dinning.
Viewings Don't hesitate, book a viewing now before it sells!
Property Location
Property Marketed by North Property Group Ltd
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