Latest Valuation
£
ROCE
291%
Location
Leeds

Exclusive Development Opportunity in an Influential Area

This fantastic investment offers a huge ROCE of 291% and a 45% ROI.
Guide Price
£3,629,000

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Key Features

  • £12,000,000 profit
  • 291% ROCE
  • Profit margins of around 30%
  • 45% ROI

The Property

Sourced are excited to present this exclusive development opportunity in an influential area, with an incredible ROCE of 291%.

It has a pre-application for 191 units spread across 2 sites.

Planning Information

Pre-planning application

Ref: PREAPP/18/00688

The Plan

This exclusive development opportunity in a influential area in Leeds offers a fantastic 45% ROI.

It come with pre planning permission for 191 apartments.

The Financials:

Purchase price: £3,629,000
GDV: £41,064,786
Development cost: £17,662,400
Sourcing fee: £110,000
Profit: £12,000,000 (30%)
ROCE: 291%
ROI: 45%

The Location

Mabgate One is an exciting new, high specification development of apartments in the heart of Leeds city centre. It has been designed around core principles such as maximisation of space and to be a solid investment for the future.

Positioned in a strategic location which is enjoying massive investment, it is within a 5 minute walk of the new prestigious Victoria Quarter shopping centre, which hosts names such as Harvey Nichols, Paul Smith and Vivienne Westwood as well as being home to the largest John Lewis store outside London.

Leeds economy and demographics:
• One of the fastest growing private sector job markets in the UK
• Considered the cultural, financial and commercial heart of the West Yorkshire Urban Area with a population of 1,777,934 (c.80% of West Yorkshire’s 2,267,000)
• 51% of population are private renters within 500 metres of the site, compared
to 21% in Leeds and 18% in West Yorkshire and UK
• Current housing shortage within Leeds – City council has pledged to deliver 66,000 new homes by 2028
• Leeds City Region has economic output of £56bn, and the largest finance sector outside London and 3rd largest UK manufacturing sector
• Over 600,000 sq ft grade A office space under construction – 3:1 private to public sector ratio

It takes just over 2 hours to commute by train from Leeds to London.

Average estimated value for a house in LS9 7DZ

£167,742

Mabgate is located just city centre of Leeds, which is currently experiencing a huge amount of investment and growth.

The average price for an apartment in LS9 Leeds stood at £167,742 n September 2020. This is a rise of 2.97% in the last three months.

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