High rental property demand for students & well-paid city workers
One of the largest University campuses in Europe
Excellent transport links
International corporate companies developing within city centre
This new residential development is a pre-1900 listed building with specific character and architectural features. It boasts perfect location in the city of Bradford, ideal for working professionals and students with minutes access to the University and the city centre.
The development comprises of 80 one-bedroom and two-bedroom contemporary apartments. The units are ranging in size from 457 sq.ft to 810 sq.ft. The apartments are fully furnished and with luxury specification. There are 4 blocks in the complex. Commercial and office units are situated on the ground floor.
Each individual studio features its own kitchen, bathroom and living space, all with modern interior.
The bedroom includes 4’ 6” double bed, storage, wardrobe, contemporary workstation.
Bespoke designer kitchens feature high specification cooking and storage facilities.
The lounge is with contemporary coffee table and sofa, 42” LCD TV, dining table and chairs, laminated wood flooring.
Among the facilities in the building are 24hr on site security, CCTV and keyless entry system, cafe and retail outlets downstairs. Wireless & wired high-speed internet connection is available throughout the building.
Why invest in Bradford?
House prices in Bradford are, on average, one third less than London and half the price of the southeast. The growing demand in the area makes it an excellent location for capital growth investments.
Bradford is the 5th fastest growing area outside of London with population over 2.2 million people and city population over 522,000 people speaking over 70 different languages.
Bradford City Council have announced that there is a shortage of purpose built accommodation for working professionals in the city centre. So the demand for luxury accommodation will increase.
The increasing population, housing demand and prosperous business sector in Bradford is keeping prices affordable, offering great stability, and acting as a safer bet for capital growth than most other regions in the UK.
Property prices have grown by 112% over the last 6 years, against a national average of 67%. City center prices in this period outperformed national growth with a 90% increase offering the most appealing capital growth potential.
Bradford is a city of art and culture, hosting annual street events and festivals.
Location (exact)
This is the exact location of the property development.
Gallery
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The management company is a professional rental specialist 100% focused on renting and managing luxury city living accommodation. It has a portfolio of more than 280 properties, including management of real estates in Bradford, Leeds, Manchester and Sheffield.
What are the letting management options?
In the event where the Buyer or the Buyer’s relative occupies the property, no management of letting will be required. The Buyer will still be required to pay ground rent and the service charge.
Quarter/Area
The main attractions and sites in Bradford are located just a short walk from the development.
Westfield Broadway is just 8 minutes walking distance away.
Universities & colleges
Bradford Metropolitan universities – 1 mile
University of Bradford – 1 mile
Bradford college – 1 mile
Shopping
New Westfield Shopping centre – 0.4 miles
Kirkgate shopping centre – 0.4 miles
Forster Square Retail Park – 0.1 miles
Attractions
National Media Museam - 1 mile
Alhambra Theatre – 1 mile
Bradford Imax – 1 mile
St. George’s Hall – 1 mile
Sport
Bradford City Football Club - 1 mile
Bradford Ice Arena - 1 mile
Transport
Forster Square Rail Station - 0.2 miles
Bradford Interchange Station - 0.8 miles
Leeds Bradford Airport - 6.5 miles
Manchester International Airport - 35 miles
Payment plan
Reservation - £3000.00
Admin Fee - £250.00
60% (Exchange)
20% (January 2017)
20% (Practical Completion)
Investment overview
Fully managed investment
250 years lease
5 years guaranteed rental return of 8% net
For 2016/2017, good sized apartments in Bradford are expected to deliver net yields of around 8% on the purchase prices.
The rental return will be paid quarterly in arrears.
Will I get a title deed?
Yes, the property will be registered in the UK with the Land Registry in exactly the same way as a house or apartment, giving owners all the benefits of this legal protection.
Will I need a lawyer?
Yes, as with any other property purchase, a UK lawyer will act for you in conjunction with the
purchase and deal with the solicitors acting for the developer ensuring all legal due diligence is carried out.
Extra costs
Ground rent - £300 per annum
What does the service charge include?
The service charge includes the cleaning of the main building, communal areas and exterior, building insurance, utilities for the main building, ongoing management of the building, testing of fire alarms and facilities, maintenance, TV licensing, Wi-Fi, 24 hour CCTV security, dealing with health and safety issues, and so on.
Do I need to pay upkeep costs for my unit?
Property owners will be expected to pay for refurbishment costs and replacement expenses due to wear and tear and breakage. The refurbishment cost will be approximately £400 to £500 every 3 years.
Apartment specifications
INTERIOR FINISHES
Hard wearing contact carpet in all communal areas
Solid fire rated doors finished in matt or satin paint
Silver / Chrome door handles
Matt white ceilings and walls
Architrave and skirtings in satin white
Laminate wood effect flooring in apartments
BATHROOMS
Shower over bath with a contemporary glass door
Wall mounted shower with detachable shower hose
White wash hand basin with floor with semi pedestal
White WC with dual action push flush
Polished chrome taps throughout
Large format wall tilling to the length of shower
Contemporary spot lights ceiling lights
Electric mounted extractor fan
Large floor tiles
KITCHENS
Contemporary modern kitchens
Soft closure doors
Wall mounted units
Fitted worktop
Splash back
Conventional oven with electric hob
Steel finished sink with contemporary chrome mixer taps
Extractor fan
Under counter fridge with ice box
Washing machine
SECURITY
Automatic fire alarm detection system throughout the building
Telecom door entry system / Fob entry system
5 lever locks on apartment doors
24 Hour CCTV in all communal areas and car park
On-site staff
ELECTRICALS
White face plate wall switches throughout
White double sockets in kitchens worktop level and in other apartment locations
Isolator switch in kitchens
LED spot lighting to living areas and bedrooms
Round LED wall mounted lights to all communal areas and stairwells
Ceiling mounted low energy light fittings with sensor control to hallways and communal areas
Sub electric meters for individual apartments
42” LCD TVs in living space
HEATING AND PLUMBING
Direct mains pressure unvented pre-insulated hot water cylinder
Electric panel heaters in apartments and communal areas
Sub water and electric meters to each apartment
IT AND TELECOMS
Aerial access points in living space
Pre-wired for BT, SKY, DAB radio and Broadband services
Door entry system with two way speech system
ADDITIONAL
On-site secure car park
6 person passenger lift
Disabled facilities
Communal bike shed
Electric gated entrance
FURNISHINGS
LIVING SPACE: Two seated sofa, 42” TV, Coffee Table, Dining Table, Above TV shelf, Below TV shelf
BEDROOM: Three quarter bed, Side table and Wardrobe
Contacts
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The marker on the map is indicating the exact location of the development.
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