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1-2 Brunswick Ct 39 Unit Apartment Building $9,757,769 CAD ($250,199 CAD/Unit) 8.50% Cap Rate Leeds LS2 7QU
Investment Highlights
- Freehold
- 26 car parking spaces with secure gated access
- Currently producing a gross income of £419,700 per annum
- 39 self-contained flats (32 x one bed and 7 x two bed)
- Well located for road and pedestrian access into Leeds City Centre
- Estimated Rental Value (ERV) of approximately £444,000 per annum
Executive Summary
The subject property is located within the wider Mabgate regeneration area, an emerging mixeduse district on the fringe of Leeds city centre. The subject is positioned on the eastern side of Bridge Street, in a residential suburb of Leeds, 0.5 miles northeast of the city centre. Bridge Street is accessed via North Street which benefits from a number of local and national shops and amenities just off the A64(M). The immediate location around the subject is residential. Leeds City Centre can be accessed within a 15-minute walking distance, whilst Bridge Street provides a number of local bus routes. The subject property comprises a late 1900s detached brick built block over ground and one upper floor underneath a pitched slate roof. Internally, the property provides 32 x one-bedroom flats and 7 x two-bedroom flats, all of approximately 370 sq ft and 600 sq ft respectively. Each flat comprises one bathroom and open planned kitchen/ living rooms. There are 26 parking spaces as part of the property located along the northern and eastern boundaries. offers in excess of £5,200,000 (Five Million Two Hundred Thousand Pounds) for the Freehold interest, subject to contract and existing tenancies. A purchase at this level reflects a gross yield of 8.5% based on ERV.
Property Facts
| Price | $9,757,769 CAD | Property Subtype | Apartment |
| Price Per Unit | $250,199 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 8.50% | Building Size | 16,040 SF |
| Tenure | Freehold | No. Stories | 2 |
| No. Units | 39 | Year Built | 1991 |
| Property Type | Multifamily | Parking Ratio | 1.62/1,000 SF |
| Price | $9,757,769 CAD |
| Price Per Unit | $250,199 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Tenure | Freehold |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 16,040 SF |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 1.62/1,000 SF |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Satellite TV
- Oven
- Carpet
- Wi-Fi
- Dining Room
- Freezer
- Intercom
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | - |
| 2+2 | 7 | - | - |
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1-2 Brunswick Ct
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