Leeds Central Portfolio

Leeds LS10

Overview

  • A well established and professionally managed portfolio of 132 modern apartments spread across 9 blocks in 3 central locations
  • Strong rental demand with the portfolio enjoying consistently high occupancy rate which is currently at 94%
  • Leeds City Region acts as the regional centre for Yorkshire and Humber with an economic output of £65.5 billion and the 3rd fastest growing city centre population in the UK
  • High tenant retention rate with an average occupancy time of 2.62 years across the portfolio
  • Diverse locations with each providing quick access to different elements of the city core
  • 20 of the apartments are subject to a covenant-lite affordable housing s106 agreement
  • Unit mix of studio, 1 bedroom and 2 bedroom apartments
  • Total current income of £864,000 rising to £927,000 on letting of current voids with significant further proven reversion to realise through active management
  • Opportunity for short term rental growth through letting of vacant units and reviewing passing rents on let units to ERV
Estimated vacant possession value of circa £20 million

PROPOSAL

Viewing Days will take place on the following dates: 21 November 2018, 03 December 2018.

Offers are invited for the whole of our clients long leasehold interests by 5:00 pm on Tuesday 11th December.

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