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3 bedroom apartment for sale

Mabgate Gateway Apartments, Leeds City Centre

Withdrawn from Market £224,995

Property Description

Key features

  • 6.5% NET RENT GUARANTEE FOR 2 YEARS
  • CLOSE TO SOYO (300M DEVELOPMENT)
  • INVESTOR READY HASSLE FREE INVESTMENT
  • FURNITURE PACKAGES AVAILABLE
  • HUGE REDEVELOPMENT PLANS FOR THIS AREA
  • MIXTURE OF UNITS IN THE SCHEME
  • PARKING AVAILABLE
  • VERY LARGE SQ FT
  • MUCH CHEAPER PP SQ FT THAN NEARBY DEVELOPMENTS
  • OFF-PLAN INVESTMENT

Full description

Tenure: Leasehold

OVERVIEW Last remaining units in Block A at this fantastic development in Leeds City Centre; Mabgate Gateway has proven to be a highly successful and popular scheme which offers a guaranteed net yield of 6.5% for 2 years.

The development is not to be missed; we currently have 1 beds & 2 beds available and a number of different unit types - both single level and duplex apartments. Parking is also available at an additional cost.

Prices start at just £124,995 but we fully expect the development to sell out shortly. For further information and to receive the sales brochure/floorplans, please call North Property Group to register your interest on 01134 264 444.

The development is situated in the Northern Quarter of Leeds City Centre where a number of developments are currently being built to compete with the growing demand for the area. Mabgate Gateway is not only a new build being completed to a fantastic specification, but it is also far cheaper on a pound per square foot basis than the local comparables being built nearby.

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 with a five year redevelopment programme 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 by 2020. House prices in Leeds are expected to grow 21.6% by 2021.
 

RENTAL DEMAND There is a good mix of apartments throughout the scheme creating a sustainable Build to Rent environment. The specification will be of high standard designed to be durable for a long term hold adopted for the Build to Rent market.

Whilst there is a Guaranteed Net Yield in place of 6.5% for 2 years, we would expect the apartments to rent out at market leading levels due to their size and specification. A number of the apartments are unique as they are split across two levels and have stunning views of the Leeds skyline.

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.  

COMPLETION DATE & UNIT TYPES This off-plan development will be completing Q3 2018, construction started already in September 2017. Block A comprises of 33 new build apartments; a mixture of 1, 2 and 3 beds. There are a variety of unit types which include some spectacular and unique duplex apartments.

Block B will be released in due course and will consist of 59 apartments.

Mabgate Gateway comprises of 92 apartments in total. 

REGISTER YOUR INTEREST Call North Property Group today on 01134 264 444 in order not to miss out! 

SALES BROCHURE & FLOORPLANS Please see a downloadable PDF brochure below for the Sales Brochure & Floorplans.

Please note that the photos used are sample images and are used for illustrative purposes.  


Listing History

Added on Rightmove:
08 January 2018

Map & Street View

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