Park House Residences is a refurbishment development scheme providing an essential living environment for the people of Bradford and guarantees investors an 8% net rental yield for 2 years.
- 8% net rental yield for 2 years
- Offering prices from £65,000
- Q1 2019 completion
- City centre location
Park House Residences will see the transformation of a seven-storey commercial building located in the retail heart of Bradford, into fashionable modern homes. The development comprises 59 individual residential units with studios, one bedroom and two-bedroom apartments.
The Park House scheme consists of 59 individual residential units split into studios, one bedroom and two bedroom apartments. The developer is offering a 2 year rental guarantee on all unit sizes. Redevelopment works include a complete overhaul of the building's façade and the installation of feature lighting throughout. The building will retain its unique styling in line with the architect's original contemporary and minimalist vision. Park Central Residences is perfectly suited for tenants looking to live in the city centre. They will be on the door step to the brand new £260 million Broadway shopping centre, some of the city's best bars and restaurants and a short walk away from the University of Bradford. The development offers the best high-end accommodation in the area along with a fantastic location, thereby appealing to tenants who are looking for quality apartments. Based on the city's strong demand for private rented accommodation there is an anticipation for extremely high demand for Park Central accommodation.
Payment option A:
- Pay £5,000 deposit
- Pay 30% (less reservation)
- Pay 70% upon completion
Payment option B:
- Pay £5,000 deposit
- Pay 75% (less reservation)
- Pay 25% upon completion
WHY INVEST IN BRADFORD?
Why Invest in Bradford? As one of the fastest growing energetic cities in the UK, investment is pouring in to the city centre with business, retail and housing developing at an increasing pace. This is a city brimming with confidence. Millions of pounds of recent investment has poured into the heart of the city; upgrading public spaces and paving the way for major investment and business opportunities. The city centre is in the process of undergoing a huge transformation as the Broadway Shopping Centre, part of the iconic Westfield shopping family, is currently under construction. Over the years, Bradford has successfully diversified into a number of key business sectors including construction, financial services and retail, whilst maintaining a solid foundation in modern manufacturing with 160,000 jobs across the wider city region. With an economy worth over £8.3 billion and a number of leading UK businesses headquartered in Bradford, including Yorkshire Building Society, the city is predicted to be the fifth fastest growing city outside of London. Bradford is also home to Bradford University and is in the top 10 for graduate employment in the UK, ensuring that its 35,000 students will continue to contribute to the fast growing working population and diverse economy.
On a £65,000 investment, Park Central offers £433.33 PCM that will be guaranteed by the developer for 2 years. This equates to £5,200 p/a.
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