Bradford – Attractive fully let residential investment opportunity
Old School House, Cullingworth, Bradford, BD13 5HB
Offers in excess of £1,100,000
- Property Type:
- 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