Posted on Oct 06, 2017 by Natalie Phillips
As further confirmation of the ongoing and strong demand for future residential development product in Leeds, FLJ have recently completed the sale of a second prime development plot on Kirkstall Road, on the western city centre fringe. Last year, the rear plot of 0.52 Acres was sold with planning for 239 student beds and the scheme has recently been completed by Ashcourt.
Having secured reserved matters planning consent for an additional 107 private residential units on the front plot adjacent to Napoleon’s, a sale has now been completed to KMRE Group, an active local developer who have bought the site unconditionally.
Acting on behalf of ATC Properties, the sale of the front plot comprising c.0.5 acres completes a successful break up of the companies long term land holdings in this improving residential/student enclave.
Paul Fox acting for land owner ATC said:-
“The successful sale of these 2 prime plots to separate developers helps underline the strength of demand in the market for ‘deliverable schemes’ with implementable consents. While there is a lot of long term/pipeline stock planned, the benefit of having a viable planning consent is paramount and we experienced unprecedented enquiry levels and achieved strong prices.
It took some time to sort out those parties who were able to deliver unconditionally, as seeing both plots built out and completed was a key driver in the disposal decision.
KMRE performed admirably in a short timeline and we all look forward to seeing the hoardings going up and a start on site imminently. Rob Whatmuff at Colliers acted on behalf of KMRE.
Following on from our Grainger Transaction at the Former Yorkshire Post site, fringe of city centre remains an ‘in demand’ location for well designed apartments and occupier demand remains strong.”
Mar 10, 2021
Leeds property developer, Countrylarge, has announced that it has applied for planning to build eight townhouses on Lower Brunswick Street in Leeds, which sits within the upcoming Mabgate area; voted one of the coolest neighbourhoods in the UK, by Conde Nast Traveller magazine.
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Jan 13, 2021
Multi-disciplinary property agency, Fox Lloyd Jones, has welcomed experienced agent, Harry Finney to its team as a senior surveyor to assist in a growing workload and a raft of new client wins.
Jan 06, 2021
Our team is experienced, focused, discreet and motivated by results.
May 06, 2020
Tile importer, European Heritage, is relocating its warehouse from London to Potter Space business park Ripon, to be better placed to distribute its products to the whole of the UK.
Apr 27, 2020
There are many positives to take from the Q1 figures for Leeds office take up.
Apr 01, 2020
Chartered surveyor and project manager, Adam Watson, has been promoted to Associate at Leeds-based, multi-disciplinary agency, Fox Lloyd Jones, where he specialises in project and development management. Will Smithies has also joined Fox Lloyd Jones from local firm Bowman Riley.
Mar 18, 2020
The ground floor of luxury residential block, ‘Oasis Residence’, has been let by Fox Lloyd Jones to local business owner, Jiang Young Feng, who will be opening a Chinese supermarket on the site.
Mar 18, 2020
Much like your business, FLJ continues closely monitoring Government advice and the evolving Coronavirus/Covid 19 situation. The wellbeing of our colleagues, clients and those that we work with is our first priority. Our heartfelt thoughts go out to those people and families already affected by the Coronavirus and in context we feel the need to take steps to reduce the risk to our and your people, while continuing to support your business.