The development is situated right at the edge of Leeds’ booming city centre, only a short stroll away from its busy train station. Located on East Street, X1 Aire consists of 147 luxurious one and two bedroom apartments. Next to it lies St Saviour’s Church, a beautiful Grade II listed former Sunday school.
X1 Aire truly exceeds today’s standards of boutique residential living – besides the high-end, fully-furnished apartments, residents will also be able to enjoy the perks of a private gym and personal on-site management by X1 Lettings, the award- winning lettings agent.
With a population of close to 800,000 people, Leeds is the UK’s fourth largest city. Thanks to its buoyant economy, particularly regarding nancial and business services, Leeds
is recognised as the regional capital of the Yorkshire and the Humber area, where the population total is approximately ve million.
In terms of what the city has to offer, Leeds is almost unrivalled: Vast, beautiful parks and green land allow for long walks in the countryside, while a variety of museums, theatres and galleries, such as the Royal Armouries Museum, the Leeds Art Gallery, and the Leeds City Museum, culturally enrich the whole area. Shopping centres such as the Victoria Quarter, Corn Exchange, the brand new Trinity Leeds as well as its main shopping street Briggate offer one of the best shopping experiences in the UK.
For people in search of entertainment Leeds does not disappoint. Various bars and music venues enable the city to host a range of concerts and shows, including the likes of the bespoke Leeds Carnival (Europe’s oldest West Indian carnival), Leeds International Film Festival (England’s largest lm festival
outside of London) and Leeds Festival (one of the UK’s biggest and most anticipated music festivals).
With such an eventful calendar, it is no surprise that the city’s three universities – The University of Leeds, Leeds Trinity and Leeds Beckett University – attract around 65,000 students every year, a number that is expected to further increase over time.
Notably, Leeds’ current burgeoning economy and nationwide positive reputation are simply stepping stones in what can
only be described as a very bright future. Increased devolution, which transfers power back to regions such as Greater Manchester as well as Birmingham and its West Midlands neighbours, guarantees the North of the country, including Leeds, to be able to make more targeted and region-speci c decisions in the areas of transportation, policing and housing. Moreover, the HS2 speed rail network, set to commence as early as 2017, will further enhance the northern economy
by reducing times as well as costs of travelling from South to North, making regional cities, particularly Leeds, better connected.
What you need to know
Am I buying as freehold or leasehold?
999 years leasehold
What is the address of the site?
East Street, Leeds, LS9
Are there tenants already in place?
No, X1 Aire is a new-build development
How much is the ground rent?
Ground rent is £300 per annum
What are the projected annual returns on this project?
6% Assured NET returns
When is my rental income paid?
Quarterly in arrears, direct into your bank account from completion
Is there a management company in place?
Yes, the designated management company will be X1 Lettings, who will block manage and let the building.
Are there any restrictions if I want to sell?
No, X1 Aire is a residential development, so you are free to sell your apartment on the open market.
- Two Bedroom
- Sale Price: £105,000
- Annual Maintenance Fee: £1,259.38
- Annual Management Fees: £792
- Annual Ground Rent: £300
- Rent PCM: £825
- NET Income: £7,548.62
- NET Yield (%): 6.04%
- Availability: Opportunities available