Manchester, EXCLUSIVE to Property Fit £150,000

18% Gross Yield Block of Apartments in Bradford for £150K (£25K each)

A fully renovated building containing 6 studios and one 1 bed apartment in Bradford for £150,000 achieving an 18% Return on Investment/Gross Yield & 14% below market value.

This property is off market and ‘exclusive to Property Fit clients’.

Expected market value is £175,000.

The annual rent is £27,000 which creates a very high gross yield of 18%.

Each apartment in the building was recently renovated to an excellent standard with separate utilities and comes fully furnished. Included is a fully fitted kitchen and three piece bathroom (shower cubicle) with white tile floors and mono-chrome taps.

Each property is already fully occupied and fully managed by Ewemove.

The previous owner rented two of the apartments out on a daily basis so at the moment four of the apartments are let. However the owner is prepared to complete with the block fully let.

Main Features

The properties already include all of the below features:

– Double bed and linen
– Wardrobe
– Desk and Study Chair
– Tile floor kitchens with integrated oven, hob, fridge freezer and washing machine/dryer
– Microwave
– Toaster
– Super fast broadband
– CCTV door entry system for added security
– Free on site private parking (CCTV monitored 24 hours)

Additional Features
Off street parking
Central heating
Double glazing

Location

A leisurely stroll takes you to the adjoining Peel Park – a lovely historic open parkland which houses the central Horticultural Nursery. This park was built in the 19th century in honour of Sir Robert Peel (the founder of the modern Police force) and boasts many examples of Victorian sculptures (including Sir Robert Peel), a lake, drinking fountain, and formal gardens. The park hosts many cultural events, including music festivals and has a purpose built floodlit BMX track.

Arrive at the University in minutes. 60 second walk to express bus links;
Only 2.3 Miles to the Main Bradford University Campus
Only 3.1 Miles to Bradford University School of Management

More information (including photos and rent roll) available on request.

Purchase price: £150,000
Area: BD3
Property Type: Semi Detached
Tenant Profile: Students
Expected Yield: 18% gross
Rent: £27,000 pa
Transport Links: Good - close to Express Bus Links