Sunbridge Road, Bradford, BD1 | Investment Property for Sale | VES-BD1-103

Opportunity to buy 10 income generating units in an apartment block, plus the Freehold in Bradford city centre

£725,000

10 Unit Block

VES-BD1-103

INITIAL INVESTMENT

£335,100

GROSS RENT / YIELD

£47,460 / 6.5%

NET RENT / YIELD

£33,406 / 4.6%

The block

TENURE

Leasehold

NO OF UNITS

10

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

6,469

PRICE SQ FT

£112

Summary

  • 10 leasehold apartments
  • 6 x 1 bed; 4 x 2 bed
  • Freehold for the entire block (17 apartments)
  • Annual ground rent for all 17 units amounts to £3,423.80
  • Length of leases: 150 years started 2005
  • Tenancy types: ASTs

Documents available on request, please contact for viewings or further questions

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£47,460

Equivalent of £3,955 per calendar month (PCM).

GROSS RENTAL YIELD

6.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£33,406

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.6%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£14,054

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

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.

Sunbridge Road,

Bradford,

West Yorkshire,

England,

BD1 2AQ

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