Property description
The Grand Mill is a conversion of a Victorian textile mill, one of Bradford's historic buildings. The building is located within the Goitside Conservation Area, an area of special architectural & historic interest in Bradford. Established in 1966 and boasting 13,889 students, Bradford University is ranked in the Sunday Times Top 20 for graduate level employment and with 22% of students coming from overseas the demand for rental accommodation is huge. The University campus is 0.4 miles from The Grand Mill making this an ideal location for students to live. All en-suite rooms com fully equipped and are finished to a very high standard and are all currently tenanted, bringing in a gross rental in excess of £4,600 per anum.
The Development is managed by Priestly & Co who ensure a high level of occupancy with a hassle free fully managed service.
Investment Details
En-suite pods for just £39,000
8% NET yield
Tenanted
Defined exit strategy
Converted Victorian Mill
Fully managed by a specialist local operator
0.4 miles to University of Bradford
0.4 miles to Bradford College
37,000 students in Bradford
Leasehold tenure
£1,000 to reserve
Conveyancing fees £700 + VAT + disbursements
Property Spec:
63 student rooms
En-suite shower room
Fully furnished
Small double bed
Desk & chair
Wardrobe
Wall mounted television 22\"
Luxury specification
Kitchen & lounge for each cluster of rooms
Image of bedroom
Image of kitchen
Property Features :
- En Suite Pods for just £39,000
- 8% Net Yield
- Tenanted
- Fully Managed by Local Specialist
- Fully Furnished