Member Article

Leeds property firm sees 10% increase in business after £500k investment

A property firm that has operated in North Leeds for 16 years has reported a 10% increase in business after embarking on an expansion programme and investing £500k in a new office in Headingley.

Lettings agency Morgans has seen the increase in business since opening its 1,200 sq ft office opposite Headingley’s Arndale Centre at the end of 2011.

Located on 75 Otley Road, Morgans’s experienced team of six agents are currently managing its highest stock levels in five years.

Morgans founder and managing director Jonathan Morgan says: “It’s 16 years since we opened our doors in North Leeds, letting properties to families and professionals and the move to our stunning new building has been hugely beneficial to the business.

“We have experienced unprecedented fantastic levels of support from both the local community and our clients and we have won a very encouraging amount of new business since the move.”

Morgans is currently marketing a wide selection of homes from one bedroom apartments through to four bedroom family homes ranging from £500 to £1,500 per calendar month.

Head of the North Leeds Office Debbie Bull says: “The majority of our clients are professional couples or people sharing who are looking to rent smart homes for around £650 to £850.

“We are currently experiencing significant demand from recent graduates, teachers, lecturers and young doctors in North Leeds, as they love the area and appreciate its proximity to the University and Hospitals.

“We don’t do any student lets, and have actually seen a big shift in this area with lots of students now migrating more towards the city centre and Hyde Park.

“This is good news for landlords in North Leeds as the majority of tenants here are looking for more permanent accommodation.”

This was posted in Bdaily's Members' News section by Clare Burnett .