Hundreds of Leeds investment properties will be built at Leeds SOYO. The plans to construct 331 build to rent units, as reported by North Property Group in January, have now been given the green light to go ahead.
SOYO phase 3
The development forms phase 3 of SOYO – a ground-breaking Leeds investment project in the heart of the city. The blueprints for the 331 new build to rent apartments were approved by Leeds City Council’s City Plans Panel.
The buy-to-let investment properties themselves will be spread across two seven and thirteen-storey buildings that will form blocks B and C of the SOYO residential scheme. Both buildings come with private below-ground parking and secure cycle storage.
Residents will also be able to enjoy amenities such as a rooftop terrace, communal ground floor space and a gym.
The planning statement submitted with the proposal said the scheme “will provide high quality and well-designed buildings which relate well to each other and the surrounding developments centred on well planned public routes and spaces. The uses will provide life and vibrancy at all times of the day and ensure that there is a presence on the site at night through the inclusion of the residential element.”
A unique investment opportunity
The council’s approval of the plans will see housing on the site for the first time in over 40 years, making these apartments a unique Leeds investment opportunity.
The last time residential units stood on this site was back in 1978, when the famous Quarry Hill flats social housing scheme was demolished.
In a nod to the site’s history of affordable housing, 27 of the properties at the new development will support on-site affordable units with discounted rental rates.
A transformative project
The SOYO scheme is one of the most exciting Leeds investment projects the city has ever seen. SOYO will completely regenerate the area between Quarry House and Leeds City College’s new Quarry Hill campus.
As well as the new residential development, SOYO will create a brand new cultural district in the city. The £300,000 investment project will also create new places to work and relax, including new green spaces.
The construction of the new residential scheme represents the next stage in this innovative development. In the planning proposal that was submitted for the build to rent apartments, SOYO was described as a project that will “regenerate a key city centre site and contribute to its life, vitality and economic prosperity.”
Get in touch
To find out more about SOYO and other Leeds investment opportunities, get in touch with the Leeds property experts at North Property Group today.