- 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.