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