Lumiere Leeds

The tallest residential building project in the UK. A landmark development in the centre of Leeds, designed by Philippe Starck and his award winning Yoo project team.

Lumiere Leeds Overview

A great opportunity to invest in what will be the tallest residential building in the UK, and one of the tallest in Europe.

The investment offers a fantastic payment structure with an extremely low entry level arranged especially for IPIN clients.

Designed by Yoo and featuring an outstanding architectural design, the Lumiere building in Leeds really is an investment opportunity not to be missed.

• 54 storey landmark building
• 10 year building guarantee
• Full interior design by Yoo
• Thriving UK city centre location
• Some units free from Stamp Duty charges

The Investment

Investing in the Lumiere Leeds development begins with a favourable payment scheme, sought by IPIN especially for our investor clients.

• Long term investment
• Low deposit payable on Private Purchase Contract
• A total of only 10% of the purchase price to pay prior to completion
• 10% estimated capital appreciation
• 6% estimated rental yields
• Strong growth prospects and rental yields
• Outstanding architectural design and status as one of the tallest residential buildings in Europe

The Security

Our recommended legal team for this project has carried out an independent 'Due Diligence Report' on this development and are satisfied with the project after carrying out their own legal searches.

• Land registry confirmation
• Planning permission
• 10 year construction warranty through Zurich
  

The Developer

The developer is the face behind projects such as Manyoo, Bridgewater Place, Manor Mills, Emperors Wharf, The Quays, 21 Park Row, Britannia House on York Place and Whitehall Riverside.

They are responsible for approximately 40% of the apartments in Leeds city centre alone, and have an award-winning commitment to the concept of city living.

If you are not an IPIN member, please join now for free!

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Further Details

The Lumiere Leeds development will be one of the tallest residential buildings in Europe and the tallest in the UK.

THE DEVELOPMENT

This 825 unit development consists of two buildings one 30 storey and one 54 storey building, boasting:

• Serviced and residential apartments
• Commercial areas
• Office spaces
• Haute cuisine restaurants and bars
  

THE FACILITIES

• CCTV at building entrance points
• Electric gates to the car parks
• Covered winter garden
• 20,000 sq ft retail shopping centre
• Restaurants and eateries
• Coffee bars
• Office spaces
• Doctors and dentists

THE UNITS

• 16 units per level
• 156 Smartpads
• 15 Studios
• 102 Two bedroom apartments
• 350 One bedroom apartments

THE BUILD SPECIFICATION

• Units with built-in wardrobes
• Telephone points in living rooms and main bedrooms
• Wood laminate flooring, except in bedrooms and bathrooms
• Traditional radiator style heating
• TV points in living rooms and main bedrooms
• Designer-style white wood grain finish in kitchens
• Option to upgrade kitchens to granite or marble at an additional cost
• Kitchens with an electric oven, hob and extractor
• Smartpads and 1 bedroom units have an integrated fridge
• Some units have dishwashers
• Glass shower screens in bathrooms
• Bath tubs in larger units
• Mosaic-style tiling in bathrooms
• Heated towel rails and extractor fans in bathrooms

THE DESIGN

The residential section of the development is being designed by Yoo who are creating full interior design solutions in the Yoo trademark featuring contemporary style luxury interiors in simple, yet inspiring designs. Ready-made furniture packages will be available closer to completion.

Yoo was founded by the internationally celebrated designer Philippe Starck and the developer John Hitchcox.

Yoo-designed buildings can be found in more than 20 major cities worldwide, including: New York City, London, Manchester, Hong Kong, Miami, Buenos Aires, Tel Aviv, Copenhagen, Hamburg, and now Panama City!

THE RENTAL PROJECTIONS

The following description shows long term rental income that can be obtained from the various unit types available:

• Smart pad: 500 to 525 GBP pcm
• Studio: 550 to 600 GBP pcm
• 1 bedroom apartment:  750 to 800 GBP pcm
• 2 bedroom:  850 to 1500 GBP pcm

Short term rentals in the immediate surrounding areas currently receive the following income for stays of between 2 to 6 nights. Prices exclude VAt of 17.5% and parking at a further 6GBP per night.

• Studio apartments: 88GBP per night
• 1 bedroom apartments: 99GBP per night
• 2 bedroom apartments: 164GBP per night

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If you are not registered as an IPIN member, in order to view further details about this outstanding investment opportunity you should register for free to become an IPIN Member.

Some benefits of IPIN membership:

• 100% FREE to join
• Due Diligence on all projects and Indepedent legal reports
• Instant access to vetted investment opportunities
• Low Money Down Investments, Invest with just £4,000, €6,000 or $8,000 approx. figures
• Projects Offering 8% Guaranteed Rental
• Deal directly with the developers
• Free consultations with expert IPIN portfolio advisors
• Access to pre-release developments
• Dedicated Investment Support Team
• Access to land/development project consultancy services