Construction work has concluded on the conversion of Rivermill Court, a Grade II listed former mill, into 27 luxury apartments in Kirkstall, North Leeds. Leeds-based Priestley Construction, part of the Priestley Group, completed the £2million transformation of the building, which is close to the vibrant student community of Headingley and less than two and a half miles from the city centre. Work began in March 2018, including the stripping out of all internal structures, followed by the rebuilding of new floors and walls to create the 27 high-specification apartments.Rivermill Court is being marketed for sale exclusively to buy-to-let investors in the student accommodation sector through the developer, Priestley Homes.
The development is already 85% sold, with only three two-bedroom apartments and one duplex remaining. Prices start from £95,996 for a third floor, duplex apartment and up to £139,996 for a ground floor two-bedroom, two-bathroom property. The Leeds rental market offers a 7% yield to professional landlords.Nathan Priestley, chief executive officer of the Priestley Group, said: “With the recent announcement that Channel 4 will be relocating its headquarters to Leeds, the city continues to attract major inward investment resulting in increasing demand for sophisticated, city centre living. “Complementing our expansive portfolio of developments right across the North, Rivermill Court brings much needed, high quality, contemporary homes to a key suburb in Leeds. Interest to date in these new homes demonstrates how sought-after the city is.“The highly skilled team at Priestley Construction delivered this scheme within in seven months, a fantastic achievement by everyone involved that enabled us to bring these homes to market as quickly as possible.” Converted from a historic former mill and most recently home to a design academy, the development features a mix of one and two-bedroom apartments, alongside self-contained studios and a limited number of deluxe mezzanine studios. All high specification apartments have been designed to maximise space, while the interiors represent the most advanced design and functionality. To enquire about Rivermill Court, please contact info@priestleyhomes.co.uk.
