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Regent Street Leeds LS2 7UZ

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FOR SALE – BUILD READY NEW BUILD RESIDENTIAL DEVELOPMENT OPPORTUNITY Fully Consented Scheme Regent Street Leeds LS2 7UZ • Site of approx. 0.52 acres (0.21 ha) • Full planning permission for 217 Apartments with ancillary residents lounge, gym space, communal garden, roof terrace and cinema room • Located in the heart of mixed use MABGATE redevelopment area, 5 mins walk from John Lewis and Leeds City Centre • Highly accessible location close to Inner Ring Road and Motorway network. Strategic Property & Asset Solutions CGI www.fljltd.co.uk Location: The subject site is situated on the edge of Leeds City Centre. Just north of the Leeds Inner Ring Road (A58/A64) . Leeds is the third largest city in the UK, with the Leeds City Region having a population of approximately 3 mil- lion. The Leeds City Region has nine Higher Education facilities including Leeds University and Leeds Beckett University, with a total of over 120,000 students studying in the city. The site is within comfortable walking dis- tance of the Leeds Becketts and Leeds University campuses Leeds is now in the top three retail destinations in the UK outside of London following Land Securities’ £350m Trinity Leeds, which opened in spring 2013 and Hammerson’s £650m Victoria Gate which opened in Winter 2016. Leeds benefits from excellent communications via the M621 which serves the city and links with the intersection of the M1 and M62 motorways 7 miles to the south and the A1(M) 10 miles to the east thereafter. Situation: The subject property is located 0.5 miles to the north east of Leeds City Centre. It is situated on the corner of Skinner Lane and Regent Street, A61, a main arterial route into Leeds City Centre from the north The area of Mabgate is one of mixed residential and commercial uses including a number of new multi-storey residential developments, some new build and some conversions of former factories and mill build- ings. The site is also directly opposite a new retail park comprising Aldi, One Below and a Pure Gym facility plus a range of existing retail ware- housing, industrial factories and workshops, a new Hampton by Hilton Hotel and The CLAY centre for Live Art in Yorkshire. Strategic Property & Asset Solutions www.fljltd.co.uk Immediate Surrounding Area and key development: - At a Glance: • 4,590 existing apartments in local vicinity offering a mix of students, young professionals and families • 3,875 further apartments under construction or in pipeline • Under 300m walk to Prime Retail/City Centre Strategic Property & Asset Solutions www.fljltd.co.uk Mabgate Mills—CHP Management purchased the mill complex in 2016 with a Key: 7 view to increasing the quality of vacant office and studio spaces to attract new Quarry Hill / SOYO - 6 acre development site comprising a mix of uses includ- 1 tenants across mixed sectors to create a vibrant working community. The mill ing multi storey car park, residential development including Student develop- forms c65,000 sq ft of affordable studio space and has been well received ment, Hotel and 2 acres of green space. 1st Phase of 515 BTR Units by Moda The Iron Works – Bridge Estates site Living on site. 8 Student specialist Future Generation have planning to create 1,218 student bed 14 storey 192 bed Hampton by Hilton Hotel. Plus an application for Phase 2 rooms across 332 apartments with a total floorspace of c387,000 sq ft. The 2 comprising 5 buildings ranging from 13 storeys to 31 storeys and consisting of scheme would also include 8,130 sq ft of commercial space on the ground floor, 678 apartments, residential amenity areas, commercial units and associated suitable for retail, café, restaurant and gym use. car parking; public realm and landscaping, has recently been submitted. 9 Mabgate Gateway—KMRE have completed on 92 residential apartments: a combination of 1,2 and 3 beds. Victoria House—A development by Elliot Group comprising a 9 storey mixed 3 use development with 106 1 and 2 bed apartments and B1 Offices at ground 10 Leeds City College—Completed in August 2019, the £60 million campus hosts floor completed in May 2016. 3,800 students. The nine-storey building includes a performing arts theatre, 10 specialist music studios and 237 unique general teaching rooms, a performance studio, dance and rehearsal spaces, specialist sound equipment, TV studios, Mabgate Junction—Aldi / Puregym / One Below— 2.5 acre site. May 2016 4 digital arts and animation facilities, a simulated practical care suite and nutrition Gregory Property Group developed this retail scheme which completed in June training kitchen. 2017 and includes a 16,500 sq ft store for Aldi, an 18,500 sq ft fitness facility for Pure Gym and a further 7,500 sq ft retail store for Poundworld who have since 11 Melbourne Street—Planning application submitted by Addington Capital for gone into administration. Now occupied by One Below. 127residential apartments, demolition of existing buildings and includes up to 10 storey buildings, and a high quality public space along the linear site. 20:20 House—Residential and commercial scheme in Leeds (20:20) consisting 5 of 230 new apartments and commercial space completed in 2006. KMRE then Concord Street - original scheme of 171 residential apartments completed 2006. converted unused office premises into a further 23 residential 1 and 2 bed- 12 room apartments. Recent programme of refurbishment now completed. Christopher Pratt—Major Retail Furniture of c75000 sq ft showroom fronting 6 Former Leeds College of Building, Millwright Street —Current planning applica- 13 tion running for Demolition of existing building and construction of 6-8 storey Regent Street . student accommodation building comprising 89 studio flats and 44 cluster flats, associated landscaping, car parking and amenity space. 14 Plans submitted for a site off Whitelock Street in Sheepscar, include 105 flats to accom- modate 411 students, as well as a cinema and gym.The designs, submitted by developer Alumno, also include gallery and studio space to be managed by East St. Arts, with commissioned public artworks integrated into public and outdoor student areas. Strategic Property & Asset Solutions www.fljltd.co.uk Examples of Recently Completed & New Developments in Immediate Vicinity of Subject Site Victoria Gate Proposed Victoria Gate Hotel Completed Completed New Retail Park Mabgate Junction Completed Hampton by Hilton Mabgate Gateway 20:20 House Completed Completed Mabgate, Leeds ‘Under the radar zone with Art at its Core” Conde Nast Traveller, June 2020 - Community Connection Local Heroes Leeds City College West Yorkshire Playhouse Caddick / MODA Living—SOYO Completed On Site On Site Strategic Property & Asset Solutions www.fljltd.co.uk Planning / Consented Scheme: Under application 18/01276/FU which was approved on Wed 27 Nov 2019 granted planning permission for a residential development with un- dercroft car parking, extending to 152,196 sq ft (GIA) comprising of 217 dwellings, with 160 one-bed flats, 49 two-bed flats and 8 three-bed flats. The building would be part 9 / part 11 storeys in height, including a set- back top two storeys. The building would be arranged in a C-shaped lay- out, creating a new build frontage to Leylands Road, Skinner Lane and Re- gent Street and a private communal internal courtyard for residents. The elevations would be in black tiled panels at ground floor with a full height glazed frontage to Regent Street, red-brick with aluminium and copper framing details at upper floors, and the set-back top two floors being clad in glazed curtain walling. At ground floor, a residents lounge and gym would face Regent Street. A concierge office, entrance lobby at the corner of Regent Street and Skin- ner Lane, secure cycle parking, refuse storage and undercroft car parking would also be located at ground floor. Vehicular access and egress is proposed from Leylands Road. Servicing would take place from Leylands Road for refuse and a new layby off Skin- ner Lane for deliveries and pick up and drop off. A car club parking bay is also proposed off Skinner Lane. 50 resident car parking spaces are pro- posed, including 5 EV charging points and 4 disabled car parking spaces. Cycle parking would be provided at 1 space per flat in a secure enclosure in the undercroft. There would also be 8 motorcycle parking spaces in the undercroft. Strategic Property & Asset Solutions www.fljltd.co.uk Accommodation Overview Ground Floor proposed layout Typical 2nd—7th floor layout Accommodation Schedule of the consented scheme. Floor Studio 1 Bed 2 Bed 3 Bed TOTAL Size sq ft (GIA) Ground 0 0 0 0 0 7,320 1 8 10 4 1 23 15,274 2 8 10 5 1 24 15,630 3 8 10 5 1 24 15,630 4 8 10 5 1 24 15,630 5 8 10 5 1 24 15,630 6 8 10 5 1 24 15,630 7 8 10 5 1 24 15,630 8 7 9 6 1 23 15,630 9 6 4 4 0 14 10,183 10 4 3 6 0 13 10,011 Floor 9 with communal roof terrace TOTAL 73 86 50 8 217 152,196 Strategic Property & Asset Solutions www.fljltd.co.uk S106 Agreement: As part of the S106 agreement 15 of the total 217 consented units are to be available as social housing (9) and as inter- mediate units (6). The S106 agreement has been executed and a copy and more information is available upon request. Tenure: The site is available on Freehold basis. Freehold Title Numbers WYK188766 / WYK684143 The Opportunity: A rare opportunity exists in an exciting and up and coming area to acquire a sizeable Development opportunity.
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