Offers in region of
£470,000
1 bed flat for saleVicar Lane, Bradford BD1
1 bed
1 bath
EPC Rating: D
About this property
Albion House on Vicar Lane in Little Germany, Bradford, is a significant Grade II listed Victorian warehouse designed by architects Milnes and France and completed around 1868. Built for Kessler & Co., it was a key textile warehouse during Bradford's 19th-century commercial boom, later renovated into mixed-use residential and commercial spaces.
We are pleased to present an opportunity for any investor who would like to purchase multiple units – 9 in total in Albion House which is located in the BD1 postcode area.
Consisting of 2x studios, 4x 1 bedroom and 3 x 2 bedrooms all of which are furnished.
The units are all occupied and therefore income producing.
The units are creating net yields of between 7.5% and 12 % with an overall net yield of Approx. 9.43
These furnished units occupy one floor and are very spacious in layout.
One of the units is accessed by its own front door, the rest are through the communal corridors.
With a modern interior the units are popular with potential renters and are located ideally for the city centre and the facilities that are on offer within the city as well as within easy reach of all transport links, the Broadway shopping centre, local restaurants city Park and local museums are all on the door step.
The images listed show various elements of each of the apartments
The properties would be leasehold and have in excess of 100 years remaining on the lease.
If anyone would like further information, please do not hesitate to contact our office on option 5.
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More information
Tenure
Leasehold (Ask agent)
Service charge
£24,070 per year
Council tax band
A
Ground rent
£2,674
Ground rent date of next review
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