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The Leather Works, Meanwood Road, Meanwood, Leeds, Yorkshire, LS7 2DZ

£35,000,000

Business rates & charges may apply

Gerald Eve, CM Offices SE
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SECTOR

Residential development for sale

Key features

  • Only 24,000 PBSA beds for 70,000 students
  • 12% rental growth in 2023-2024, favourable ratio
  • 4-year Leeds Arts University Nominations Agreement
  • £3.42M income, £150 weekly en-suite rent
  • £2.41M net income for 2024/25
  • Potential to add 59 beds, £400K+ income boost
  • ESG: EPC A, smart energy, solar panels save £21K
  • Freehold property

Description

PRIME UNIVERSITY BACKED PURPOSE BUILT STUDENT ACCOMMODATION

Purpose-built student accommodation comprising 460 beds, within 13 minutes of
Leeds Arts University and 17 minutes of the University of Leeds.

Supply of PBSA is severely constrained in Leeds with only 24,000 of the 70,000
students having access to PBSA

Only 24,000 PBSA beds for 70,000 students

12% rental growth in 2023-2024, favourable ratio

4-year Leeds Arts University Nominations Agreement

£3.42M income, £150 weekly en-suite rent

£2.41M net income for 2024/25

Potential to add 59 beds, £400K+ income boost

ESG: EPC A, smart energy, solar panels save £21K

Freehold property

Brochures

The Leather Works, Meanwood Road, Meanwood, Leeds, Yorkshire, LS7 2DZ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Burley Park Station1.2 miles
  • Leeds Station1.7 miles
  • Headingley Station1.7 miles

About Gerald Eve, CM Offices SE

60 London Wall London EC2M 5TQ

Gerald Eve LLP is a firm of chartered surveyors and property consultants based in the UK. We operate a network of nine UK offices and an international alliance of independent real estate advisers covering Europe, India and major North American markets.

Charles Gerald Eve (1872-1946) founded the firm in 1930, as Gerald Eve & Co. with a seven-strong team in a single office in Chancery Lane, London. He then became a President of the Royal Institution of Chartered Surveyors (RICS) in 1932.

Gerald Eve provides independent, intelligent and relevant advice based on detailed market knowledge and sector understanding. Together we have the resource, experience and relationships to deliver the best property solutions for your business. We boast one of the highest partner-client ratios for our sector and provide clients with a hands-on approach, which produces exceptional results.

Our advice covers planning and development, business rates appeals and payments, valuation, investment agency, lease consultancy, residential leasehold reform, property finance, fund management, corporate property management, building consultancy, compensation and compulsory purchase, corporate recovery & transactions, property & asset management and capital markets.

Notes

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Disclaimer - Property reference 36256FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gerald Eve, CM Offices SE. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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