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1 bed Flat For Sale £149,950
Mabgate, Leeds LS9


Description
Mabgate gateway

Situated in the Northern Quarter of Leeds City Centre, Mabgate Gateway is a new build development completed to a fantastic specification.

Positioned in a strategic location which is enjoying massive investment, Mabgate Gateway is within a 5 minute walk of the new prestigious Victoria Quarter shopping centre, which hosts names such as Harvey Nichols, Paul Smith and Vivienne Westwood as well as being home to the largest John Lewis store outside London.

The development is also minutes from the soyo redevelopment plans (SOuth of YOrk Road) with apartments, bars, restaurants, a hotel and public realm spaces. The Quarry Hill area of Leeds is set to undergo a "game-changing" transformation worth in the region of £300m.

Leeds' property prices have shown stable growth over the past 17 years and experts forecast that the annual price growth in Leeds will surpass the growth in Manchester, Liverpool and Birmingham over the next few years.

The place to invest Whether you are looking to live a cosmopolitan life in Leeds City Centre or to invest in the fastest growing city in Britain, Mabgate Gateway in Leeds is the place to be.

Positioned strategically in a location which is enjoying massive investment, it is within a 5 minute walk of the new prestigious Victoria quarter shopping centre, which consists of names such as Harvey Nichols, Paul Smith and Vivienne Westwood as well as being the home to the largest John Lewis store outside of London.

Mabgate Gateway is a new exciting high specification development of apartments based in the heart of Leeds City Centre. It has been built around core principles, such as a maximisation of space and to be a solid investment for the future.

Why mabgate gateway? Mabgate Gateway is a great choice for those looking to invest in a High Specification Leeds City Centre apartment, that will appeal to the modern rental market. We have various options at Mabgate Gateway for investors looking to add to their portfolio, looking for a whole block or even the whole site.

High rental demand The Northern Quarter is hugely popular with young professionals, students and the international market. The area has great access to the ring road and Motorways, not to mention a short walk from many of the city centre's biggest employers, university and leisure amenities.

This property has been popular with tenants and makes an ideal investment property for any buy to let investor looking for safe returns.

High specifications

bathrooms The specification is of a high standard, designed to be durable for a long term hold adopted for the build to rent market.

Bathrooms boast full height tiling around the bath, shower and wet rooms accompanied with half height tiling around the WC. Each bathroom suite is stylish, equipped with low profile shower trays as well as ladder style polished chrome, or equivalent, heated towel rails.

Kitchens The development provides high quality clean high gloss fitted kitchens. Each kitchen is equipped with a built-in hob, extractor and oven as well as a fully integrated fridge freezer, washer dryer and dishwasher, catering to all needs.

Overall Overall, the specification is of a high quality, boasting hardwood veneered, solid core entrance doors equipped with a spy hole as well as offering brushed stainless steel and chrome ironmongery throughout each apartment.

Bedrooms and living areas feature pendant light fittings, with the kitchen, hallway and bathrooms offering low energy downlights. Each apartment comes with an intercom entry system.

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.

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.

He 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.

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.

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.

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