Introducing City Centre Serviced Apartments

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Completed Serviced Apartments, Central Leeds

Completed Serviced Apartments occupy a prime address in Leeds city centre, within walking distance of the university campuses, popular retail quarter, centres of employment and of course – the nationally renowned St James’s Hospital, one of the UK’s leading teaching hospitals. Furnished to a high standard, all the apartments enjoy air conditioning and guests can take advantage of the onsite facilities which include secure car parking, laundry, café, and super-fast broadband.   Introducing Serviced Apartments A growing asset class with higher yields than traditional PRS and BTR assets. In 2023 JLL predicts the Serviced Apartment market to grow exponentially, citing increased appetite for serviced apartments: An asset class that can provide a hedge against inflation An asset that can offer investors an underlying asset in a core or prime location An asset class with an efficient operating model, particularly pertinent in a period of labour and utility market uncertainty An asset class that offers a historically higher yield than the PRS and BTR sectors, making them more aligned with the hospitality sector 2023 forecasts showing Serviced Apartments outperforming the Hotel sector An influx of institutional capital into the sector. The UK accounts for 47% of European transactions in serviced apartments   Investment Highlights Price £110,000 Completed and operational 85% Occupancy rate The average length of stay is 3 months Located in the Leeds City Centre 6% Net Guaranteed Returns for 5 Years Close to University Hospital, Beckett University and Leeds Rail Station Headquarters of Sky, PWC, KPMG, Labcorp, NHS Digital, Asda Group, First Direct, Channel 4and Zurich Financial Services are within 15 minutes of the drive. 999 years leasehold with zero ground rent
Sanjit Dhanjal
28th September 2023