Pearl Chambers is an opportunity like no other. This stunning completed Grade II listed building conversion is set in the heart of Leeds City Centre - it has an enviable LS1 postcode and offers huge yields up to 7.44% due to the high rental demand from international students.
This investment is an unmissable opportunity because not only is it the most central in Leeds, but it also offers some of the highest net yields in the whole of the city - usually you would only find this type of yield in regeneration/second-tier areas. However, as there is such a huge demand from international students for this exact location on Park Row (bare in mind these international students are on large scholarships from their embassy's of up to £2,900 per person and all they want is location, convenience and to live near other nationals), it allows us to achieve some fantastic rents which in turn result in huge yields. Being an expert in the city for rentals, we understand there is this demand here and we've proven it in September 2018 by letting Flat 1 at £1,600pcm and Flat 25 at £1,400pcm within 24 hours of each other.
The project is also completed. The developer retained a number of units in the scheme himself and has now decided to dispose of his personal portfolio. This means that you are not tieing up your money without seeing a return - the day you complete is the day you'll start receiving rental income!
This is a tier 1 location and as result it is a safe bet for investment and capital growth. The development is also completed so there is no construction/build risk and the scheme has a number of tenants already in situ. Combine that with a high yield and instant returns and it's clear to see that this opportunity is a no-brainer.
It is situated in a truly incredible location with all the benefits of the city centre living and convenient access to Leeds City Train Station, local amenities, retail centres and the best entertainment the city has to offer nearby. The apartment is an LS1 postcode and you can walk to the train station in under 2 minutes. There will never be any other residential new-build completed in this location as there is no space for it! Pearl Chambers will always have this USP.
Also another point to note is that the Ground Rent is just 0.1% of the Asking Price and is reviewed every 10 years in line with RPI - this is the best possible Ground Rent term you could ask for!
Pearl Chambers also offers a rare opportunity of luxury and elegance in the heart of Leeds with a small selection of spacious apartments designed to be unparalleled anywhere across the city. Every aspect has been carefully considered to ensure the apartments are original in style, generous in proportion and unrivalled in quality. Even the smallest details have been meticulously reviewed to ensure that these luxurious homes will bring a lifetime of pleasure.
With yields up to 7.44% in such an incredible location we see the remaining 8 units selling quickly. Enquire today for the full details or to arrange a viewing.
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