Citispace is a unique apartment complex in Leeds offering a wide range of apartments with flexible stay durations, from 2 days to 2 years or more, where tenants can choose to manage their own bills or opt for all-inclusive packages. These newly constructed serviced apartments are designed to the standards of a 4-star hotel. They come with separate living and sleeping areas, comfortable double beds, modern amenities like air conditioning, high-quality shower rooms, fully-equipped galley kitchens, 42" smart TVs, and high-speed Wi-Fi. The property is strategically located, offering easy access to key areas in Leeds and providing convenient access to the inner ring road and the motorway network. On-site facilities include security, laundry, and parking, making it an attractive choice for both residents and short-term visitors.
Moreover, Citispace taps into the burgeoning trend of serviced apartments, which are predicted to see substantial growth in 2023, offering higher yields than traditional PRS and BTR assets. The property's strategic location, catering to both business travelers and tourists, is expected to drive demand for longer guest stays. Furthermore, it provides an appealing investment opportunity due to the potential for higher rental yields, diversification into a different asset class, and strong market performance. With a prime location in Leeds, a city known for its economic growth and large student population, Citispace presents a promising real estate investment opportunity.
Investment Details:
- 9% gross rental assurance for 5 years
- Short Walk to Leeds City Centre
- 999-year lease
- Completed Apartments
- Lucrative Short Term Lettings market
- Walking distance to two universities
- Largest Finance Centre outside of London
- CASH ONLY PURCHASE
