For Sale

Bradford – Attractive fully let residential investment opportunity

Old School House, Cullingworth, Bradford, BD13 5HB

Offers in excess of £1,100,000

Property Type:
Residential
Tenure:
Leasehold

Description

  • 18 individual Leasehold interests and a separate Freehold title
  • Comprising 18 flats (13 x one bed, 4 x two bed, 1 x three bed)
  • Village located within rolling Yorkshire Dales countryside
  • Fully let subject to Assured Shorthold Tenancies
  • Total Current Rent Reserved: £101,580 per annum
  • Total Estimated Rental Value: £115,800 per annum
  • Within 7 miles of Bradford City Centre
  • Potential for additional dwellings, subject to all necessary consents on separate Freehold title

Offers in excess of £1,100,000 are invited for the Leasehold interest, subject to all existing tenancies, subject to contract.

A purchase at this level would reflect a gross initial yield of 9.23% (based upon passing rent) and 10.53% (based upon ERV).

Subject to contract