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A Piece of England

A UK buy to let property blog

17/2/2020

Welcome to...... South Bank, Leeds

 
As one of the largest initiatives of its kind in Europe, the regeneration of South Bank in Leeds city centre is an exceptional opportunity for astute property investors.
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Leeds city centre is thriving. Huge investment has brought thousands of high value, knowledge intensive jobs. The large amount of office accommodation and superb retail offering, together with strong cultural attractions and restaurants, bars and clubs has transformed it into a place to live, work and play. Centre for Cities has ranked it alongside Manchester as the most successful city centre in northern England.

​On the southern edge of the city centre, separated by the River Aire, lies South Bank. Already a successful area, the City Council aims to further transform it into an important centre for investment, living, education, culture and leisure.
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At over 600 acres, the South Bank Regeneration Zone is huge. The area is synonymous with Leeds' industrial past but is now home to giant companies including Sky and to Asda's head office. However, there still remains large areas of brownfield land and decayed buildings. The City Council foresees bringing these areas back to life, with £500 million invested to date, with much more earmarked. ​
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Springwell Gardens

South Bank, Leeds
Studio, 1 and 2 bedroom
​From £110,500

​Details and brochure
There is no attempt to simply replicate the look and feel of the existing city centre. This will be a quarter unique in its own right. Major upgrades will include -
  • The provision of the infrastructure demanded by modern companies, including high quality office space, super-fast broadband and excellent connectivity. This is designed to create 35,000 new city centre jobs in high value industries such as digital, legal and business services.
  • Leeds Railway Station, located in South Bank, will benefit from major investment. Already the largest rail hub in northern England, it will be transformed to cater for the arrival of HS2. A new southern gateway will be built, giving direct access to the regeneration zone. It is forecast that when complete, Leeds Railway Station will be busier than Gatwick Airport.
  • 8,000 new homes, from single person apartments to houses with multiple bedrooms. The new family homes will be particularly welcome - remarkably, the number of new houses built in Leeds city centre in the last 100 years stands at exactly zero.
  • A world class riverfront location, with priority given to developments which use the location intelligently and make the river an integral part of  their intended use.
  • Green space. A lot of it. The South Bank will feature a large park, planted with mature trees and with walkways and seating. There will be numerous 'pocket parks', so that walking through the area will be from one green space to another.

​Leeds city centre already suffers from a chronic shortage of housing. South Bank will provide 35,000 jobs but just 8,000 new homes. The disparity is glaring - demand for accommodation will be very strong indeed. An excellent opportunity exists for investors, particularly the earlier movers.

In their own words - South Bank, a landmark regeneration project

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