Basics
- Category: Bradford
- Completion: Completed
- Bedrooms: 1 Bed
- Gross Yields: 10%
Description
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Description:
Located in the commercial and administrative heart of Bradford City Centre, City Exchange commands a prominent and central corner location at the junction of Hall Ings and Nelson Street. The impressive nine-story building is set to undergo a conversion to create 119 one-bedroom apartments and three commercial units. With 73 parking spaces available in the underground car park, the apartments are designed with open-plan living rooms and kitchen areas. All featuring high-specification fitted units and appliances.
Investment Highlights
- Investment Highlights: The development is tenanted and leased on a 25-year agreement with an investment starting from £182,000. There are no service charges involved, and the returns are CPI linked, ensuring stability. Investors can expect a 10% NET yield, making it a recession-proof investment. Moreover, this investment aids the community by providing supported living accommodations through 22 limited 1- & 2-bedroom apartments, which are expected to sell fast due to high tenant demand. Additionally, this is a hands-off investment, offering peace of mind to investors. It operates under the Community Benefit Society (CBS) and is FCA registered.
Location Highlights
- Location Highlights: This property boasts a prime location directly facing City Hall and is in close proximity to the Bradford Bus/Rail Interchange. To the north, the property adjoins the Bradford Hotel (formerly Norfolk Gardens), St Georges Hall, and The Victoria Hotel. Meanwhile, to the south, additional Bradford Council Offices are situated in Jacobs Well and on Prince’s Way. Residents can easily access Centenary Square with its array of bars and restaurants, as well as the Alhambra Theatre and Bradford City Hall. All falling within walking distance of the development. There are also several notable restaurants that are conveniently situated nearby.
Property Highlights
- Property Highlights: This development houses solely 1 bedroom apartments, all built to the highest of standards for its occupants. 1 Bed: The property comprises; an entrance hall, lounge, kitchen, fridge freezer, built-in oven, hob and extractor. A good-sized bedroom and a modern bathroom.
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