Sold
Bradford – Freehold Residential Investment comprising 119 flats in total (48 remain unsold)
Luna Buildings 289 Otley Road Bradford BD3 0EG
Offers in excess of £2,650,000
- Property Type:
- Residential
- Sub Type:
- Block of Flats
- Tenure:
- Freehold

Description
- Freehold comprising a total of 119 self-contained flats
- 71 flats sold subject to Long Leasehold interests
- All for a term of 99 years from 1 January 2006, thus having approximately 85 years unexpired
- Each flat currently producing a ground rent of £500 per annum, hence providing a total ground rent income of £35,500 per annum
- 48 flats remain unsold
- Currently fully let subject to Assured Shorthold Tenancies
- Total current rent passing £205,956 per annum
- Total current income is £241,456 per annum
- 83 unallocated car parking spaces available to residents
- Opportunity to create own leases on remaining unsold flats
- The asking price of £2,650,000 provides an attractive gross yield of 9.11%
Strictly adhering to the current social distancing guidelines, and having regard to the RICS advice, we will be carrying out viewings of a sample of flats on the following dates:
- Friday 30th October – from 12:00 noon
- Thursday 5th November – from 12:00 noon
- Wednesday 11th November – from 12:00 noon
If you wish to view, please register your interest and chosen date by email (jordan.payler@allsop.co.uk) and we will send you details regarding your viewing slot and protocol.