Recently redeveloped mixed use investment asset in the heart of Leeds City Centre, one of the UK's most vibrant residential and retail hubs.
Freehold and long leasehold interests in 19 self-contained apartments and three prominent retail units.
Currently generating a gross income of approximately GBP377,000 per annum (residential GBP254,000 per annum, commercial GBP123,000 per annum). Tenants responsible for payment of utilities and council tax separately.
Strong rental tone across the scheme with 16 of 19 apartments and all three retail units occupied. Reflects 87% occupancy rate, on a square footage basis.
Potential to increase gross income through re-lettings of apartments and active management of the scheme.
We are instructed to seek all expressions of interest for the freehold and long leasehold interests in the property.