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•For Sale By Online Auction: 24 & 25 February 2021
•Modern 80-unit residential investment block
•Current rental income of £261,996.96
•Current gross yield of approx. 15.5%
•Potential rental income of £311,919.84 once fully let
•Potential gross yield of approx. 18.35%
•Rents of between £65-£80 pw
•Let to a mix of student and professional tenants
•Annual outgoings of approx. £76,215
A modern residential investment block currently let for the current academic year to a mix of students and private individuals. Situated on Laisteridge Student Village occupying a prominent position at the front of the development. Bradford city centre is only 10 minutes’ walk away. For international students, Leeds / Bradford Airport is around 30-35 minutes travel time.
The accommodation comprises 80 units, including standard rooms with shared facilities, two with ensuite facilities and a one bedroom flat, arranged over ground and three upper floors.
The property is to be sold freehold.
The rent is inclusive of; gas, electricity, super-fast Wi-Fi, maintenance, 24/7 security, dedicated on-site team and 24- hour launderette.
The running costs for the 2019/2020 period were in the region of £76,215.30.
The building is currently let for the academic year to a mix of student and professional tenants. The accommodation includes standard plus rooms, two en-suite rooms and 1 x one bedroom flat.
The standard rooms let to students typically achieve a price in the region of £65 per week and the rooms let to professional tenants typically achieve a price in the region of £80 per week.
The Current rental income is £261,996.96, reflecting a gross yield of approximately 15.5% based on the guide price. The Potential rental income is £311,919.84 once fully let, reflecting a potential gross yield of approximately 18.35% based on the guide price.
2% (min. £3,600) inc. VAT
    
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