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Buyers swoop for Leeds City Centre Apartments

Leeds, 15 March 2016 – An exciting new residential scheme in Leeds city centre is proving to be a big hit with a range of buyers.

75 per cent of apartments in phase one at Tate House have now been snapped up by owner occupiers and investors keen to beat the forthcoming stamp duty increase on buy-to-let properties and second homes.  

Nina Barker, Sales Manager at the Leeds office of exclusive selling agent JLL says: 'Since the start of the year sales have been incredible. There is no doubt the stamp duty increase coming into effect in April has really spurred investors into action.'

Tate House offers a choice of one, two and three bedroom accommodation with a high quality specification including engineered wood flooring (or Karndean) to the main living areas, a range of integrated appliances and a modern bathroom suite. The two and three bedroom apartments include an en-suite. 

The popular development is located on New York Road, off North Street, in the vibrant Northern Quarter of the city, directly opposite the new Victoria Gate retail scheme and close to the First Direct Arena.

'Tate House occupies an enviable position in one of the real up and coming parts of the city,' says Nina. 'It is also in walking distance of the main retail core as well as the train station, which makes it ideal for commuters. With only a handful of two bedroom apartments now left in phase one I encourage any potential buyers to get in touch as soon as possible.'

Prices for the spacious two bedroom apartments start from £184,000 and can be bought using the Government's Help to Buy scheme.

Meanwhile details of the scheme's second phase, comprising just 14, two and three bedroom duplex apartments are due to be released shortly, with completion scheduled for late summer.

'The penthouses will be the icing on the cake for what is a truly outstanding residential scheme. Each one comes with its own private terrace, parking and an incredible amount of living space. There is nothing even remotely comparable within Leeds city centre, which will be reflected in the demand,' adds Nina.