Bradford - Student accommodation in Bradford, UK.

City Centre Student Accommodation Investment; just £33,995.00 with 10% net yield, hassle free and fully managed student accommodation project in Bradford is perfectly situated to capitalise on the city's shortage of student accommodation. Prices start at £33,995.00 to cash buyers with a 10% NET yield taking out all ongoing costs. This is the perfect hassle free, long term investment vehicle.

Contact us for more information including our comprehensive e-brochure.

Interesting Facts
• Annual NET Yield of 10%
• Tenants already in place
• University Tenants - No Void Rental Periods
• Luxury, fully furnished including a 22” flat screen TV.
• City centre location within a mile of University

Investment Highlights
• Turn £33,995.00 into £115,196.00 in only 10 years
• All purchasing & closing costs paid
• 2 Years Guaranteed Income (6% Interest during construction & 10% Rental Income in Year 1)
• Recession-proof investment in student accommodation in Bradford
• Centralised location - close proximity to major universities, the train station, shopping, cafes, restaurants and night life
• Hands-off investment
• The management company in place has a long track record and a well-established relationship with the universities and colleges in the city

About the Project
• 56 student apartment 'pods' with shared kitchens and bathrooms to accommodate the student rooms
• Gym, computer/media room, games room, study room, and lounges located on each floor.
• Luxury student accommodation
• Free resident use of all amenities presented in the building.
• Furnished with a bed, wardrobe, workstation, and television to each room, and there will also be a 52” plasma television in the fully fitted games room.
• Fully fitted kitchens, bathrooms, computer room, study room, and laundry facilities.

About the development
The student accommodation is classed as luxury student accommodation due to the free resident use of the many amenities presented in the building as well as the high quality finishes, furniture and fixtures. The units shall be decorated and furnished with carpet, blinds and light fixtures, a bed, wardrobe, workstation, internet connection and television to each room. There will be a 42” television in each of the fully fitted common lounges in addition to fully fitted kitchens, bathrooms, gymnasium, and laundry facilities. The building shall be fitted with the equipment necessary for the luxury standard required for student accommodation.

The developer has confirmed that any clients will receive 6% interest during construction on their deposit as a lump sum on completion.

There is a unique payment plan available giving clients the option to split the property price into 3 payments over a 12 month period, with the first payment of £12,000 due on exchange followed by the second payment of £12,000 6 months thereafter and with the remainder due on completion.

On completion the first year rental income is guaranteed by the developer at 10% giving clients an income of minimum of £3,395.00 NET income per year.

The building is located near the city centre and in a desirable location for students attending Bradford’s universities. Whilst none of the exterior is to be physically altered, it will be redecorated to a high standard in compliance and in keeping with Conservation Department’s requirements and all decor, fittings and fixtures on the interior of the building shall be brand new and have been designed with today’s discerning student in mind.

Location
• Prime City Centre location
• Within 2 miles from main universities
• Located 0.2 mile from Kirkgate Shopping Centre
• Located 0.5 miles from Bradford Interchange Railway

Investment Potential
Student accommodation rents have increased by 5% pa for the last 6 years with growth increasing right into the 2009/10 academic years. Compare this to residential and commercial rents which have both fallen overall during this period and you start to understand what makes this market so appealing.

“Student Housing delivers income during uncertain economic times”

As student accommodation is commercial by class this has also seen an increase in values, this sectors robustness is highly attractive to a growing number of investors who want high capital growth that can be depended on for the long term.

Even in the midst of a global downturn occupation levels for good quality purpose built private accommodation is close to 100% with rental levels for 2010 predicted to increase by at least 5%.
• The student population for the 170 higher education institutions in the UK is now estimated to be 2.2 million
• There is however currently an insufficient supply of suitable accommodation with only 23% of the current demand being met by university maintained properties
• The demands and needs of the modern day student are not met by the accommodation currently provided by the universities as it tends to be dated
• Understandably university funding is currently directed to research and teaching
• Property acquisition or refurbishment is not a priority for these institutions
• The private sector is therefore needed to step in to provide this supply

Returns
"Average capital appreciation of bricks and mortar over the past 20 years has been 8.8 per cent per year - this figure takes into account the worst housing crash in living memory between 1991 and 1994."

Malcolm Harrison, spokesman for the Association of Residential Letting Agents (ARLA)
Taking into account these historical capital growth figures and net rental income derived over the course of 10 years, £33,995.00 invested today would be worth £115,196.00. A financial breakdown of this simulation is available on request.

Payment Process
• Deposit £12,000.00
• 6 month stage payment £12,000.00
• Balance on completion

Availability
If you are interested in reserving a unit, please get in touch for latest availability. Contact us for more information including our comprehensive e-brochure.