Property for sale in Bradford - 29070264 - Advertised on propertyO by Five Quadrant

Residential Property for sale

£60,000

England, West Yorkshire, Bradford, United Kingdom Property ID: 29070264


Property features

  • Attractive property prices in the early stages of growth
  • City-wide gross 9% yields are already second highest in the UK
  • £400m+ investment in university & town centre developments
  • Initial cash input £40-000 (33% under market value)
  • Balance due in 2 years-minus accrued build coupon
  • Opt for a contracted 8% NET yield in year 3
  • Reserve now for £500

Property description

The Weaving Mill is an exciting new buy-to-let opportunity in one of the UK's hottest markets.

 

Bradford is known for its industrial heritage, arts, and beautiful architecture, making it a top UK residential hotspot. The multicultural city already boasts the second highest yields in the UK at 9 per cent, but is in the early stages of an economic growth curve that will push prices upwards.

 

Combining technology and comfort, The Weaving Mill is an iconic building set in the heart of the city centre, which is about to be transformed into modern residential apartments. It will consist of 95 one-bed, self-contained apartments, complete with kitchenettes and all modern lifestyle conveniences, including a high-tech, automated intercom system for every apartment and a stunning furniture package.

 

The Weaving Mill is the latest project from Northern Power House, a developer borne out of a company established in 2011. With a portfolio of six operational hotels and a further six in the process of being purchased, NPD has delivered and operated some of the UK's largest and most successful leisure operations.

 

The apartments are worth £60,000 GBP, but initial cash input for investors is only £40,000 GBP (33% below market value), with the balance due in 2 years. Investors can earn 8% NET yield for 1 year assured (optional) and maintain yields of 9%+ out of contract.

 

Reserve a unit now for £500.

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