UKs Tallest Leeds

Property reference

COPY OF Leeds (09/03/2008 16:57:13)

Prices from
GBP 101,000

Bedrooms:		Tenure:	Freehold
Bathrooms:		Property age:	Off Plan/ under construction

A great opportunity to invest in what will be the tallest residential building in the UK, and one of the tallest in Europe. The investment offers a fantastic payment structure with an extremely low entry level arranged especially for IPIN clients. Designed by Yoo and featuring an outstanding architectural design, the Lumiere building in Leeds really is an investment opportunity not to be missed.

54 storey landmark building
Low entry with only 10% to pay before completion
10% estimated capital appreciation
6% estimated rental yields
10 year building guarantee
Full interior design by Yoo
City centre location
Some units free from Stamp Duty charges

Potential Capital Appreciation
per annum 10.00%
conservative estimate from IPIN research

Potential Rental Income
per annum 6.00%
conservative estimate from IPIN research

Development Timetable
Construction Start: 1st quarter 2008 Construction End: 2nd quarter 2011

Unit type Bedrooms Size M�(from) Size M�(to) Price (from) Price (to)
Apartments 1 35 50 138000.0000 164000.0000
Apartments 2 64 65 212000.0000 215000.0000
Studios 0 19 28 101000.0000 124000.0000

Development Description

The Lumiere Leeds development will be one of the tallest residential buildings in Europe and the tallest in the UK. This 825 unit development consists of two buildings; one 30 storey and one 54 storey building, boasting serviced and residential apartments, commercial areas, office spaces, along with haute cuisine restaurants and bars.

The residential section of the development is being designed by Yoo who are creating full interior design solutions in the Yoo trademark featuring contemporary style luxury interiors in simple, yet inspiring designs. Ready-made furniture packages will be available closer to completion.

The development is located in the heart of the cultural centre of Leeds with everything at the doorstep, including excellent transport links. It is an ideal location for investment and residential accommodation.

The Investment

Investing in the Lumiere Leeds development begins with a favourable payment scheme, sought by IPIN especially for our investor clients. With only 2.5% deposit payable on Private Purchase Contract and a total of only 10% of the purchase price to pay prior to completion, Lumiere represents a great investment terms.

A location in the centre of this thriving UK city allows investors to enjoy a long term investment, benefitting from strong growth prospects and rental yields.

Along with having its outstanding architectural design and status as one of the tallest residential buildings in Europe, the Lumiere Leeds project offers buyers an opportunity to invest in a landmark development.

Construction

CCTV at building entrance points
Electric gates to the car parks
Units with built-in wardrobes
Telephone points in living rooms and main bedrooms
Wood laminate flooring, except in bedrooms and bathrooms
Traditional radiator style heating
TV points in living rooms and main bedrooms
Designer-style white wood grain finish in kitchens
Option to upgrade kitchens to granite or marble at an additional cost
Kitchens with an electric oven, hob and extractor
Smartpads and 1 bedroom units have an integrated fridge
Some units have dishwashers
Glass shower screens in bathrooms
Bath tubs in larger units
Mosaic-style tiling in bathrooms
Heated towel rails and extractor fans in bathrooms
The Facilities

Covered winter garden
20,000 sq ft retail shopping centre
Restaurants and eateries
Coffee bars
Office spaces
Doctors and dentists
Rental Projections

The following description shows the rental income that can be obtained from the various unit types available:

Smart pad: 500 to 525 GBP pcm
Studio: 550 to 600 GBP pcm
1 bedroom apartment: 750 to 800 GBP pcm
2 bedroom: 850 to 1500 GBP pcm
The Security

Land registry confirmation
Planning permission
10 year construction warranty through Zurich
The Developer

The developer is the face behind projects such as Manyoo, Bridgewater Place, Manor Mills, Emperors Wharf, The Quays, 21 Park Row, Britannia House on York Place and Whitehall Riverside.

They are responsible for approximately 40% of the apartments in Leeds city centre alone, and have an award-winning commitment to the concept of city living.

More property photographs

Make an enquiry here...

Please make sure you fill out AS MUCH of the information as possible as enquiries with false or inaccurate information will be removed. Please remember to include your country code in the telephone number fields.

* fields marked with this asterisk are mandatory

Your full name:*		Please send more information on this property... Contact me about International payments Contact me about mortgages
Daytime telephone:*
Mobile number:
Email address:*
Timescale for purchase:*
Purpose of your purchase:
Timescale for inspection visit:*

We comply to UK Data Protection Act: Reg Z9882524