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From £95,000

The Preston

  • From £95,000
  • Gross Yield: 8.2%
  • In Construction
  • Est. Q1 2021

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  • Investment Highlights

    • Prices from as little as £95,000
    • Iconic listed building
    • Yorkshire's biggest developer
    • 1 and 2 bedroom apartments available
    • Limited parking
    • Riverside location
    • New York style loft apartments
    • Exclusive, off-market, opportunity - you won't find this on Rightmove!
    • Launching worldwide - don't miss out
    • Leeds location
    • Excellent price-point
    • Knowledge Quarter location

    Amenities

    • Parking
  • Property Description

    The Preston

    The Preston perfectly marries a historic limestone industrial exterior with contemporary interior design. Boasting quick transport links into Leeds City Centre and an abundance of nearby amenities: consequently, The Preston strikes an attractive balance between downtown convenience and residential tranquillity.

    The Preston Specification

    General

    • Telephone operated main front door entry system with handset in each apartment
    • Push button entry operation for residents to main front door
    • Apartment paint finishes to be white for ceilings and woodwork, and natural hessian emulsion paint to walls
    • Timber flooring overlain with two layers of plasterboard with a chipboard top and underlain with fireproof plasterboard to meet fire and soundproofing requirements
    • Carpet tiles to bedrooms
    • Vinyl plank flooring to bathrooms & en-suites

    Kitchens

    • Zanussi electric single oven, ceramic hob and Indesit 60cm Chimney Hood extractor with Glass Splash-back above hob area
    • Carron Phoenix single bowl stainless steel sink with chrome mixer tap
    • Up stands to match worktops
    • Integrated fridge freezer
    • Chrome down-lights

    Bathrooms

    • White close coupled toilet with chrome dual flush
    • A white hand basin set in driftwood vanity unit and chrome tap and waste
    • White bath with side (and end panel if applicable) white chrome mixer shower, riser rail and waste and single shower screen
    • Chrome downlights
    • Fully height tiling to bath side and one end with half height tiling to remainder of bathroom

    The Preston is Strategically Located in the Knowledge Quarter

    The Preston is strategically located in the sought-after Knowledge Quarter of Leeds: its close proximity to the City Centre, the local universities and top employers make this area especially popular with students and professionals. The numerous schools near to The Preston and the surrounding areas also attract many families to the neighbourhood.

    High Rental Demand is Expected For The Preston

    This mixed rental demographic ensures investment durability and a large degree of dynamism at The Preston: high demand in this part of Leeds has been proven with neighbouring schemes like IconInc. Therefore your investment is future-proofed with long-term rental demand and growth.

    Investment Opportunity at The Preston, Leeds

    With apartments in The Preston available from just £95,000, assured here is capital growth. There is no better time to invest in Leeds. Guaranteed to generate high returns from both rents and capital appreciation is property investment in this thriving Northern heartland. At The Preston investors can expect strong gross yields of 8.2%.

    Future Capital Growth Prospects

    Some of the biggest employers in the city have offices within walking distance of The Preston, such as ITV on the nearby Kirkstall Road, Leeds General Infirmary, and numerous businesses on Wellington Street. The Wellington Place development will see Sky Bet move their HQ to the address. Furthermore, HMRC is creating a purpose-built 378,000sqft government hub here. The Channel 4 HQ is less than 1.5 miles away from The Preston, which makes the development a natural choice for its employees.

    The Knowledge Quarter

    Thanks to its vibrant atmosphere and great local amenities, many students choose to live in this area during their studies. The high spec of The Preston is guaranteed to be popular with international students on large scholarships as well as graduate students studying for Masters degrees and PhDs.

    With over 35% of students opting to stay in Leeds after graduation, tenancies won’t end just because their courses have. Additionally, the Preston is in the perfect location for professionals to take advantage of the employment opportunities in the area.

    Kirkstall Road Regeneration Site

    This large brownfield site sits immediately next to The Preston. There will be 257 new homes, three commercial units as well as a brand new public space to serve the growing community.

  • Property Address

    United Kingdom
    LS4 2AQ

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Information

  • From £95,000
  • Yield: 8.2%
  • In Construction
  • Est. Q1 2021

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