Flat for sale in Leeds LS9, 2 Bedroom

Mabgate gateway A development not to be missed; Mabgate Gateway Apartments is one of just a few new builds just built in Leeds City Centre. Situated in the Northern this apartment block has been built to compete with the growing demand for the area. This apartment comes with an allocated parking bay which is worth £15K. There is a tenant in situ already so this property would suit an investor looking for a strong yield and future capital growth prospects.

The apartment is one of the most popular in the whole of the Leeds rental market and does not struggle to rent as it is new, high spec and in a great location.

Viewings highly recommended as this unit is a duplex apartment over 1000 sqft.

Overview The development is situated in the Northern Quarter of Leeds City Centre where a number of developments are currently being built to compete with the growing demand for the area. Mabgate Gateway is not only a new build being completed to a fantastic specification, but it is also far cheaper on a pound per square foot basis than the local comparables being built nearby.

Positioned in a strategic location which is enjoying massive investment, Mabgate Gateway is within a 5 minute walk of the new prestigious Victoria Quarter shopping centre, which hosts names such as Harvey Nichols, Paul Smith and Vivienne Westwood as well as being home to the largest John Lewis store outside London.

The development is also minutes from the soyo redevelopment plans (SOuth of YOrk Road) with apartments, bars, restaurants, a hotel and public realm spaces. The Quarry Hill area of Leeds is set to undergo a "game-changing" transformation with a five year redevelopment programme worth in the region of £300m.

Leeds' property prices have shown stable growth over the past 17 years and experts forecast that the annual price growth in Leeds will surpass the growth in Manchester, Liverpool and Birmingham by 2020. House prices in Leeds are expected to grow 21.6% by 2021.

Rental demand The Northern Quarter is hugely popular with young professionals, students and the international market. The area has great access to the ring road and Motorways, not to mention a short walk from many of the city centre's biggest employers, university and leisure amenities.

We have found the development to be incredibly popular in terms of rental and this apartment was let within a matter of hours.

It is currently tenanted and at the erv rent offers a gross yield of 6.4%.

Don't miss out This apartment is one of the most unique in the whole building - it's over 1000 sqft and is a duplex apartment!

It has come back on the market by chance.

The photos are used for illustrative purposes, so call our office to arrange a viewing!