Marketed by
Lambert Smith Hampton
London (City)
55 Wells St, London W1T 3PT
Available
1 of 9
Guide Price
£1,850,000
35 Apartments At Velvet Mill & Silk Warehouse, Lister Mills, Lilycroft Road, Bradford, BD9 5BD
Key features
- Portfolio of 35 Leasehold income-producing apartments
- Includes one, two and three bedroom apartments
- 12 covered car parking spaces with secure gated access
- Grade II* Listed mill converted in mid-2000s
- Well-located within Bradford with strong road links
- Currently fully let with a gross income of £271,980 PA
- Under-rented with an ERV of approximately £293,000 PA
- £1,850,000 reflects a yield of 8.50% (Based on ERV)
- 8.50% yield is net of Service Charge and Ground Rent
- Contact the sales agent directly: 07711 767 571
Description
The subject property comprises a portfolio of apartments across two buildings, namely Velvet Mill and Silk Warehouse. The buildings are converted Grade II* Listed mills of traditional masonry construction, originally dating from the 1870s, arranged over multiple floors beneath a pitched roof.
We understand the buildings were converted to residential use in the mid-2000s.
Externally, the property benefits from 12 allocated car parking spaces, within a secure under croft car park located centrally within the site.
We understand the buildings were converted to residential use in the mid-2000s.
Externally, the property benefits from 12 allocated car parking spaces, within a secure under croft car park located centrally within the site.
Reference: 2097209_sales
Marketed by
Lambert Smith Hampton
London (City)
55 Wells St, London W1T 3PT
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