The Leather Works, Meanwood Road, Meanwood, Leeds, Yorkshire, LS7 2DZ
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- SIZE
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- SECTOR
Residential development for sale
Key features
- Only 24,000 PBSA beds for 70,000 students
- 12% rental growth in 2023-2024, favourable ratio
- 4-year Leeds Arts University Nominations Agreement
- £3.42M income, £150 weekly en-suite rent
- £2.41M net income for 2024/25
- Potential to add 59 beds, £400K+ income boost
- ESG: EPC A, smart energy, solar panels save £21K
- Freehold property
Description
Purpose-built student accommodation comprising 460 beds, within 13 minutes of
Leeds Arts University and 17 minutes of the University of Leeds.
Supply of PBSA is severely constrained in Leeds with only 24,000 of the 70,000
students having access to PBSA
Only 24,000 PBSA beds for 70,000 students
12% rental growth in 2023-2024, favourable ratio
4-year Leeds Arts University Nominations Agreement
£3.42M income, £150 weekly en-suite rent
£2.41M net income for 2024/25
Potential to add 59 beds, £400K+ income boost
ESG: EPC A, smart energy, solar panels save £21K
Freehold property
Brochures
The Leather Works, Meanwood Road, Meanwood, Leeds, Yorkshire, LS7 2DZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Burley Park Station1.2 miles
- Leeds Station1.7 miles
- Headingley Station1.7 miles
About Gerald Eve, Capital Markets
One Fitzroy, 6 Mortimer Street, London, W1T 3JJ
Notes
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