Opportunity to purchase a 98-unit freehold block in Bradford which generates a 7.9% gross yield pa
£12,500,000
98-unit Block
VES-BD1-003
INITIAL INVESTMENT
£3,604,500
Based on
deposit: £3,125,000
stamp duty: £380,000
mortgage fees: £1,500
conveyancing fees: £98,000
GROSS RENT
£993,008
GROSS YIELD
7.9%
The block
TENURE
Freehold
NO OF UNITS
98
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
TBC
PRICE SQ FT
£0
Please note that this is an off-market opportunity that is available to qualified buyers only.
Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.
Opportunity to acquire an office-to-residential converted block with freehold located in Bradford.
The block comprises 97 x 1-bed apartments, 1 x 2-bed apartments as well as a lower ground-floor meeting/conference room. The units are spread over 6 floors from the lower ground to the 4th floor. The apartments range in size from 431 sqft to 657 sqft. The lower ground floor meeting/conference room is 581 sqft.
All apartments are let on a 5-year lease and generate an annual income of £976,368. In addition, the meeting/conference room generates around £16,640 in rent per year. The EPC rating of all apartments is C.
The block is located just outside the city centre of Bradford with all amenities just a short walk away. Bradford Forster Square railway station is the closest station allowing travel to Leeds, Skipton, and Ilkley. Bradford Interchange railway station offers services to Leeds, Halifax, Huddersfield, Manchester Victoria, Blackpool and London's Kings Cross.
The vendor is seeking offers in the region of £12,500,000 (inclusive of freehold).
Please contact our sales team for further details.
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Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Bradford, West Yorkshire
Bradford is located in the moorland region called the South Pennines, situated about 8.6 miles west of Leeds and 16 miles northwest of Wakefield.
Bradford has an impressive history and this is reflected in the striking architecture found throughout the city. It was once considered to be the wool capital of the world and is now proud to be the first ever UNESCO City of Film. Bradford is also a cultural city with a flourishing arts scene, fascinating exhibitions and beautiful theatres. There are attractions such as the National Science and Media Museum, Cartwright Hall and Impressions Gallery.
A ten-year plan to drive forward regeneration in Bradford city centre has been unveiled by Council bosses. A new film production hub for the city, better road and rail links and the ‘reinvention’ of the Thornton Road university and college area are all on the cards over the next decade. The Bradford City Plan also brings together much-publicised plans for a redeveloped Odeon, a refurbished St George’s Hall, a new city-centre pool and a retail academy.
A number of major companies have their headquarters in the city including Morrisons, Provident Financial, Yorkshire Building Society and Hallmark Cards. This includes two FTSE 100 companies, more than any other city in the Northern Powerhouse.
Point of reference - not exact location,
Bradford,
West Yorkshire,
England,
BD1 1US
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