Choices Investments have agreed an exclusive price on a high yielding, one bedroom flat in Leeds, 0.3 miles from Leeds University.
The property is currently tenanted at £500pcm with tenants lined up to take occupancy in July 2017 paying £520pcm, increasing the yield to 8.32%.
The lease has 148 years remaining with a ground rent charged of £500pa and service charge at £700pa.
Leeds is the second largest city in the UK after London with an economy larger than that of 9 European countries. It is the largest centre outside of London for financial and business services with the city's economy forecast to grow by 25% over the next 10 years.
The city is undergoing a very large regeneration programme that includes £350million to the city's south bank area.
Leeds is due to be part of the new HS2 network which will reduce journey times to London to just one and half hours.
Home to around 60,000 students over four universities, Leeds has one of the countries highest retention of students who decide to continue living in the city when they have concluded their studies.