Investment Summary:

Kirkstall Design Centre, Converted from an historic former mill and more recently home to a design academy, the development offers 27 luxury apartments including 2 bedroom, 1 bedroom and self-contained studios of which there are a limited number of deluxe mezzanine studios. All apartments have been designed to maximize space and are fitted out to an excellent specification. The interiors represent the latest in design and functionality. Kirkstall Design Centre is the latest scheme to be introduced by experienced local developers Priestley Homes who specialize in the conversion of historic buildings.

The building complements Priestley Homes’ expansive portfolio of previous developments in the north of England including Quebec St, The Grand Mill and Airedale House in Bradford, Boyds Mill in Leeds, Stableford Hall and Sartoria Court in Manchester and the Boat House in Liverpool, and forms part of a future development pipeline set to deliver circa 700 new homes in the next 2 years.

Kirkstall Design Centre offers investors an impressive range of smart, contemporary apartments in a beautiful Grade II listed stone building in a riverside setting. Strong tenant demand in the area is driven by the burgeoning local student population coupled with a historical undersupply of suitable accommodation. Competitive pricing and strong rental values deliver net yields of 7% and above.

According to respected property analysts Savills, “Leeds will have the 7th fastest growing resident population in the UK up to 2020, with Birmingham and Manchester ranking 34th and 38th respectively.

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