Studio Flat For Sale, Olicana House, Chapel Street, Bradford BD1

Description

This excellent studio apartment is located in the recently completed Olicana House, which is home to 157 studios spread across six floors and is the perfect accommodation for young professionals and students wanting to be close to the city centre. The particular apartment offered is on the sixth floor and consists of a spacious living area with large windows providing far far reaching views, modern fully fitted kitchen complete with appliances and shower room.

Olicana House is perfectly located with a selection of amenities on it’s doorstep and being just a short walk from the city centre and the University of Bradford, it will always be a top choice for renters. Situated in Little Germany, which is home to over 110 business and organisations alone, it offers excellent transport links to other Northern Powerhouse cities Manchester, Leeds and Hull as well as a direct service to London. Bradford is in an enviable position being surrounded by plenty of beautiful countryside such as the Yorkshire Dales and National Park and Pennines.

According to Bradford city council, the city’s population will reach 565,000 people by 2030 which means there will be an increasing demand for rental properties in the area and with major regeneration projects underway this could increase even further. £52.6 million worth of funding has been secured from the Government which includes £9 million for the One City Park office development, millions towards a new enterprise zone at Parry Lane and £3 million for the first phase of the "City Village" development. Now is an excellent time to invest in this growing city so enquire today to find out more about this lucrative investment opportunity.

Financial Breakdown

Gross rent: £5,746
Ground rent: £250
Service charge: £1,179
Net income: £4,317
Gross yield: 9.58%
Net yield: 7.2%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07160

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Studio Flat For Sale £60,000 Olicana House, Chapel Street, Bradford BD1

Studio Flat For Sale £60,000
Olicana House, Chapel Street, Bradford BD1