1 bed flat for sale

Lilycroft Road, Bradford BD9

Summary

Currently rented at 550pcm

Stunning apartment in an iconic urban development. Perfect for investors seeking high returns. Don't miss this opportunity!

We are thrilled to offer for sale this beautiful apartment in an iconic development by award winning developers, Urban Splash. This is a superb opportunity for an investor looking to add to their portfolio, with a high return to be generated immediately from completion with tenant in situ until 2027. Ideally positioned within walking distance of Bradford city centre, Bradford Royal Infirmary and within easy reach of the M62 motorway network.

Silk Warehouse is a popular and well-placed development which has been impeccably restored whilst retaining many of its original features including exposed brickwork and vaulted ceilings. The apartment offered for sale consists of a spacious open plan living area with several large windows providing plenty of natural light, a high-specification kitchen, a spacious double bedroom and bathroom with a three-piece suite and shower over bath.

There hasn't ever been a better time to invest in Bradford thanks to major regeneration projects underway following 52.6 million worth of funding from the Government. This regeneration 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. The plans will create almost 2,300 new jobs and in addition to this, 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 such as this one.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 132
Annual Ground Rent Amount: 202.00
Annual Service Charge Amount: 2,400.00

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.