1 bed Flat For Sale £105,000
Manor Mills, Ingram Street, Leeds LS11

Ready made investment - 7.7% yield This is a spacious and well presented open plan contemporary apartment located on the 3rd floor of a very popular development. The property rents out with ease and is currently tenanted by a long term tenant - it is rented at £675 pcm until August 2021. The apartment makes an ideal investment due to its location in the south bank area which is undergoing huge redevelopment.

At the current rent, it provides a 7.7% yield! This makes it one of the best investments in the city as you'll find it hard to get a better return than 7.7%!

Located in leeds' southbank area 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.

Why invest in leeds? 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.

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.

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.

Leeds has long been known as a mecca for shopping. The City Centre alone boasts over 1,000 stores including both 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.

The unit in figures Ground Rent (£pa) £370.39
988 years remaining on the lease
Currently tenanted at £675npcm
Gross Yield: 7.7%

And you get to benefit from the huge capital growth that Southbank will bring!

The apartment This particular apartment has been priced to sell as similar units in the building have been sold at circa ten thousand pounds more.

The flat is located on the 3rd floor with large windows and comes fully furnished.

The tenant is very happy in situ and has a tenancy agreement at £675pcm till August 2021

an ideal investment for any buy to let landlord