Auction Property Investment 

Laisteridge Lane, Bradford

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Features

  • Fully let for the current academic year
  • Gross yield of approx. 14.71% on guide price
  • Average unit size 162 ft2
  • 30-35 minutes to Leeds / Bradford airport
  • Free secure on site car parking
  • Total gross rental income approx. £515,000 pa
  • Units let by way of AST agreements
  • University of Bradford 1/2 mile away
  • 10 minute walk to city centre
  • Pre-auction offers considered

Address

Trinity A Laisteridge LaneBradfordYorkshireBD5 0NH
Details
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Property Details

• For Sale By Online Auction: 20th & 21st November 2019
• Modern 91 unit student investment block
• Typical rental income per unit £120 pw
• Fully let for current academic year
• Pre-auction offers considered

OVERVIEW

A modern student investment block fully let for the current academic year. 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 91 student units, with en-suite facilities, arranged over lower ground, ground and three upper floors. Please see accommodation schedule for individual unit sizes.

Investment Analysis

The accommodation is fully let for the next academic year, with 50% of the units achieving £120 per week over a 52 week period and the remaining 50% of the units achieving a rent of £120 per week over a 42 week period. The total gross income is approx. £515,000 pa reflecting a gross yield of 13.0.% on the guide price

Outgoings

The rent is inclusive of: gas, electricity, super-fast Wi-Fi, water, maintenance, 24/7 security, dedicated on-site team and 24 hour launderette.

Tenure

Title information will be confirmed in the legal pack.

Guide Price

£3,500,000+

Pre-Auction Offers

Pre-auction offers will be considered. If an offer is accepted, the property will be sold on an auction contract with a 20 working day completion.

Buyer's Premium

2% (min. £3,600) inc. VAT

Viewings

Viewings by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email property@johnpye.co.uk.

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