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 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.
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.
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%.
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.
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.
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.
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