The Ice Works & New York Apartments, Leeds City Centre, LS2
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
61
- SIZE
39,454 sq ft
3,665 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 2 x Freehold blocks, excellently located within Leeds City Centre
- The buildings are located a short walk from major transport hubs including Leeds Bus Station (3 minutes) and Train Station (11 minutes)
- Based on total rent of £762,500 PA once fully let, this reflects a gross yield of 9.25% and low capital value of £209 PSF
- EWS1 works completed
- Purpose Built
- Significant scope to increase rents
- 2 x Commercial units with passing rent of £60,500 PA
- Total of 61 apartments
- Please contact the team for dataroom access
Description
Smart Group and East First are proud to jointly present The Ice Works and New York Apartments are ideally located in Leeds City Centre with Leeds Train Station (10 minutes’ walk away), the inner ring road, bus station (2 minute walk) and new cycle routes. It is also well served by green spaces, with St Johns Park practically on the doorstep along with and the famous Aire Park South Bank Regeneration a short walk away. The Apartments sit within the city’s renowned retail districts, Victorian shopping arcades and independent boutique shops, alongside award-winning bars & eateries such as The Ivy and Ivy Asia, quirky arts & culture spaces, and performance spaces like the First Direct Arena, Leeds Grand Theatre (home to Opera North) and O2 Academy.
Based on the asking price of £8,250,000 and total rent of £762,500 PA once fully let, this reflects a gross yield of 9.24% and low capital value of £209 PSF.
Based on the asking price of £8,250,000 and the ERV of £832,000 PA, this reflects a gross yield of 10.08%
The Ice Works, 40 New York Street, Leeds, LS2 7DF
44, 1,2 and 3 bedroom apartments and 2 ground floor commercial units
54 apartments in the block (10 sold on leases producing £1500 rent PA)
Passing residential rent of £511,740 PA (ERV of £566,220 PA)
Commercial rent is £60,500 PA
Total current rent £573,740 PA
Significant scope to increase rents
Purpose Built
Freehold
Building is all electric and gas
EWS1 works completed
New York Apartments, 1 Cross York Street, Leeds, LS2 7EE
17, 1 and 2 bedroom apartments
52 apartments in the block (35 sold on leases £5,250 PA Rent)
2 ground floor retail units sold on long leases (£500 PA Rent)
Passing residential rent of £165,900 PA (ERV of £205,680 PA)
Total current rent £171,150 PA
Purpose Built
Significant scope to increase rents
Freehold
Building is all electric
EWS1 works completed
Please contact the team for dataroom access.
Current Total income PA is £744,890.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
The Ice Works & New York Apartments, Leeds City Centre, LS2
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference d9ebfe8f-ced3-40e4-8c44-f4901733a660. 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 Smart Residential, Leeds. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.