Mabgate Gateway in Leeds is offering 6.5% Per Year rental assured for the first two years, Mabgate Gateway is an exciting new development of 1, 2 & 3 bedroom residential apartments, spread across two impressive buildings located just a 5 minute walk from Leeds vibrant City Centre.
Situated in the middle of the United Kingdom, with a diverse population of 751,500, Leeds is the third largest and one of the fastest growing, greenest cities in the UK. A thriving economy boasting strengths in financial services, legal, manufacturing, health and retail, Leeds has excellent road, rail and air links, providing a gateway for tourist and business visitors to the region making Mabgate Gateway’s location even more desirable.
Mabgate Gateway is located close to the University campus and the newly regenerated Leeds Train Station. Mabgate is an ideal destination for both students, commuters and city centre workers. An investment here is sure to offer excellent occupancy levels for investors.
Mabgate Gateway has a total of 92 residential apartments that will benefit from an enviable location just 5 minutes’ walk from the very centre of Leeds. Each of the Mabgate Gateway apartments are designed to be generously sized to encourage long term tenancies and maximise rental income, whilst intercom entry systems and a luxury specification throughout will make for a safe and comfortable stay for all our residents.
House prices in Yorkshire are set to increase by 13.6% in the next five years according to JLL, with growth in the region outpacing the rest of the UK in 2017. Furthermore, JLL is forecasting house prices to increase by 21.6% from 2017-2021 in Leeds.
Prices start at just £124,995 and all investments come with a net yield of 6.5% for first 2 years.
Mabgate Gateway consists of two buildings with their own individual character, building A will be thoughtfully restored and extended, building B will be a fantastic addition to the Leeds skyline.
Both buildings will be complimented by using feature Ashlar stone details and finished with aluminium double glazed windows. Sensational views will be enjoyed from the balconies which will feature glass balustrades and the terraces will have decked floors, perfect for enjoying cosmopolitan living.
With demand in Leeds far outgrowing supply, there has never been a better time to buy in Leeds.
Over the next ten years, the economy is forecast to grow by 21% with financial and business services set to generate over half of GVA growth over that period.
Leeds is the main driver of a city region with a £64.6 billion economy with a combined population of 3 million, and a workforce of 1.37 million.
Central to the Government’s Northern Powerhouse initiative, Leeds is a thriving, vibrant and diverse city, offering investors strong rental yields and a high potential for capital appreciation due to the high demand for rental properties and rising property prices.
High speed rail is poised to bring further investment to an already booming economy in Leeds. As commuters look to find property closer to the train station, Mabgate is perfectly placed to benefit. With Leeds’ economy now rated as the most diverse and fastest growing of any UK city, now is the ideal time to invest in one of the last highly affordable destinations within easy reach of the city centre.
Leeds City Council are also adding another 4,500 square metres of public space as part of the £13.6 million redevelopment of West Yorkshire Playhouse. And Leeds City College has plans for a new £57 million campus.