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From £159,500

Pearl Chambers

  • From £159,500
  • Gross Yield: 7.4%
  • Completed
  • Lease Length: 250 Years

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  • Investment Highlights

    • Yields up to 7.44%
    • Completed development
    • Tenants living in the building already
    • Grade II listed building
    • Luxury and elegance in the heart of Leeds
    • Small selection of apartments
    • Incredible LS1 location
    • Proven rental demand
    • Strong yields for such a prime location
    • High spec
    • Fantastic communal areas
    • Easy to rent to international students
    • Clear demographic of renters
    • Minutes from Leeds station

    Amenities

    • Lift
  • Property Description

    Pearl Chambers is a property investment opportunity like no other, as this stunning Grade II listed building conversion is 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.

    Huge Yields In An LS1 Location

    This is an unmissable property investment 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. 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 fantastic rents which result in huge yields. Therefore making this an ideal property investment opportunity in the heart of Leeds. Being an expert in the city for rentals, we understand there is this demand here. 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.

    Pearl Chambers is A Completed Development - Offering Instant Returns

    Construction is complete at Pearl Chambers; so you are not tying up your money in a property investment without seeing an instant return. Therefore, the day you complete is the day you'll start receiving rental income! The developer retained a number of units in the scheme himself. However, has now decided to dispose of his personal portfolio.

    The Most Central Location Money Can Buy

    As this is a tier 1 location 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 high yields, Leeds City Centre location and instant returns and it's clear to see this property investment is a no-brainer.

    It is situated in a truly incredible location with all the benefits of the city centre living; as well as 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.

    Ground Rent

    Also another point to note is that the Ground Rent is just 0.1% of the Asking Price and reviewed every 10 years in line with RPI; the best possible Ground Rent term you could ask for!

    Pearl Chambers Offers Pure Luxury Living

    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. Additionally, every aspect has been carefully considered to ensure the apartments are original in style, generous in proportion and unrivalled in quality. Meticulously reviewed to ensure that these luxurious homes will bring a lifetime of pleasure have been even the smallest details.

    Only 8 Units Remain at Pearl Chambers

    Furthermore with yields up to 7.44% in such an incredible location we see the remaining 8 units at Pearl Chambers selling quickly. So enquire today for the full details or to arrange a viewing.

    Specification

    Interior Decor

    Painted in white emulsion are all interior walls. With smooth finish ceilings in white. Painted satin white is all woodwork, including the torus-moulded skirting boards and architraves. The doors are oak, with chrome lever handles. Chosen to offer you the latest in contemporary living have been the staircases detailing, including the handrails and modern lighting.

    Bathrooms and En-suites

    Selected from the Premium range have been the bathroom suites, with vanity units to complement the basins where the layout allows. Chosen for their elegant combination of convenience and style have been the lever operated chrome mixer taps. Fitted with soft-close seats are the toilets. The showers incorporate low-profile trays, concealed mixer valve and clear glass wet room panels or shower doors, and there are shaver sockets in both the bathrooms and en-suites. Luxury ceramic tiling extends to full height on all walls, with feature LED lighting for elegance whilst still reducing your energy consumption. Additionally, the bathrooms and principal en-suites have heated towel rails.

    Kitchens

    Often described as the heart of the home is the kitchen, so to make sure it is right for you and your family we offer a choice of three styles, each with a wide selection of options. All of our kitchens feature frontal-framed units and high-quality quartz worktops backed, where the layout allows it, by a matching upstand to the wall. They all include stainless steel one-and-a-half bowl sinks fitted with contemporary mixer taps. Furthermore, the kitchen is lit by energy-saving LED downlighter; giving you maximum lighting exactly where you need it. All the visible light switches and power sockets have a black nickel finish. With such a high specification, we expect these central Leeds apartments to experience high levels of tenant demand, further future-proofing your property investment.

    In the contemporary kitchen styles, the appliances include either a stainless steel built-in double oven and an induction hob. Complemented by a stylish stainless steel chimney hood are both options. We also plumb an integrated dishwasher and an integrated washing machine into every kitchen. Fitted in selected units only are an integrated fridge freezer and microwave.

    Electrical fittings

    Fitted with intruder alarms and mains-wired smoke and carbon monoxide detectors with battery backup for extra security, are all homes. In addition to a front door bellpush and chime; all communal areas light automatically triggered by movement between dusk and dawn sensors. A BT socket is provided, and the living room and all bedrooms have television sockets connected to a Freeview aerial. The living room and master bedroom also have Virgin and Sky points installed and ready for use, so that only the subscription is required to access these services.

    Heating

    Controlled by thermostatic radiators or a separate room thermostat is the gas central heating installed throughout the apartments. The system can be adapted to include remote control of individual zones by either WiFi or smartphone. So a subscription is required to operate the remote control system.

  • Property Address

    United Kingdom
    LS1 5BY

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Information

  • From £159,500
  • Yield: 7.4%
  • Completed
  • Lease Length: 250 Years

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