BRADFORD, FABRIC SERVICED APARTMENTS, 10% NET £65,000

Description

Rarely available high specification serviced apartments to purchase – fully managed.

Combining technology with comfort and relaxation, Fabric will consist of 99 one-bed self-contained apartments complete with kitchenettes, all modern conveniences and offer the perfect base from which to work, rest and play. Given its proximity to the University and location within the city’s Learning Quarter, it is also expected that Fabric will become a hugely integral part of this academic centre of excellence and provide accommodation for not only business visitors to the city but also resident and visiting academics. Fabric’s combination of design, facilities and location create an ideal opportunity to capitalise on the continued growth and development of Bradford which now boasts an economy of £8.7 billion and is enjoying a huge resurgence with investment levels and development at an alltime high.

Set over 11 floors, Fabric will be made up of 99 self contained studio apartments complete with all modern conveniences including a kitchenette containing sink, oven, hob, extractor fan and microwave.

LOCATION

Located in the historic city of Bradford, famous for its industrial landscape of textile mills and cobbled streets, Fabric offers an exciting alternative to buy-to-let in the centre of the Learning Quarter and close to the city’s bustling night-life and wealth of attractions.

Fabric will offer the perfect opportunity to enjoy substantial returns by purchasing one of these stunning studio apartments and we look forward to extending a very warm welcome to you in this friendliest of Yorkshire cities.

Overview

  • Price: £65,000
  • Property type: Commercial
  • Rent assurance period:  10 Years
  • Yield: 10% NET
  • Fully managed

Investment highlights

  • High specification apartment for £65,000
  • 10% NET return for 10 years
  • 125% Developer buyback in year 10
  • £52,000 – Cash input with 2 years by deduction payment plan
  • Fully managed investment
  • Experienced hotel operator on their 9th development

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