5 bed flat for sale

Longside Lane, Bradford BD7

EPC band: C

***ideal investment***This Student accommodation consists of 5 private rooms each with its own en-suite, very large shared fully fitted kitchen / dining area. A laundry room with washers and dryers, large communal room with pool table. The reception is maned during the day with an in house emergency person on call 24/7. This accommodation is one of the best on the campus well maintained and managed to a high standard, all rooms are currently tenanted.

Each room paying £90/95 per week making this an impressive 15% yield.

Lease term - 199 years from 1 January 2008

Service charge - £9,603 AnnuallyGround rent - £62.50 per month

We have been informed that each property is currently achieving the below income which was correct as of 1/1/2024

33a- £90 per week – total rent £4,024.29

33b – £95 per week - total rent £4,180

33c ––£95 per week- total rent £3,012.86

33d – £95 per week – total rent £3,040

33e – £90 per week- total rent £3,857.14

Total= £18,114.20

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.