Arthur's Fold development launched in Leeds

Buyers are being offered a first bite of the investment cherry in Leeds’ buzzing Southbank - with the launch of a new propertydevelopment.Off-plan sales at Arthur’s Fold (named after the architect’s grandfather) opened this week with demand for the high-specificationone, two and three bedroom apartments already strong.The nine-storey building will be completed next year.Created on the site of the former world-famous Bush Engineering factory, its distinctive copper-wrapped exterior pays homage to itsindustrial, sheet-metal heritage and has also been inspired by Melbourne’s landmark, Luna Building.The development comes with sustainable and community credentials; boasting a mini-cinema, gym and car-free zones, all in the heart of the city centre.Agents Aspen Woolf are offering one bedroom properties from £110,250 and predicting rental incomes of around 6.5 per cent NET.Just a five minute walk to the station, buyers can also take advantageof two-year rental assurance packages.Speaking about the launch, Oliver Ramsden, director of property company Aspen Woolf, said it was set to be a popular development that would change the shape of the city.He said: “The creation of the Southbank district is going to be hugely significant for Leeds and this is a great opportunity to stake a claim in what is already proving to be a sought-after development. This is the first real opportunity to buy in the Southbank and we know sales will be brisk.“There is big demand for good quality, city centre housing and with forecasters predicting rental growth of 22 per cent in Leeds,investors are keen to get involved.“What makes Arthur’s Fold really stand out is its unique design - an exterior inspired by its history and other global building andhigh-specification interiors.”