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For Sale 1 Bedroom 1 Bathroom 1 Reception From £73,920

Thornton Road, Bradford, BD1 - From £73,920

  • 1 Bedroom Apartment From £73,920
  • 1 Bedroom Duplex From £102,300
  • Brand new luxury development
  • 7% Net guaranteed rental returns for 5 years
  • 5% p.a. interest on all deposits until practical completion
  • 999 Years Leasehold

PLATINUM ONE | 1 BED APARTMENT from £73,920 | 1 BED DUPLEX from £102,300

Platinum One is a brand new luxury development close to the city centre of Bradford and the University of Bradford comprising of studios, 1 bed, 1 bed duplex and 2 bed duplex apartments. These contemporary units are fully furnished to a high luxury specification with commercial units on the ground floor. The building occupies a prominent position on Thornton Road, within walking distance to the city centre and the University and College. The location is perfect for the student market which will enable the development to achieve prime rents and nil voids.

Platinum One is an opportunity to invest in one of the UK's largest districts with a current growth rate of over 11% compared to the national average of only 7%.

INVESTMENT OVERVIEW

o 7% Net guaranteed rental returns for 5 years. (Excluding Ground Rent of £300 per annum)

o 5% p.a. interest on all deposits until practical completion.

o Service Charge: 16% of the rent collected (Waived during the 5 year GRR period).

o Management Fee 4% of the rent collected (Waived during the 5 year GRR period).

o Ground Rent £300 per annum

o 999 Years Leasehold

UNIT SPECIFICATION

BEDROOM

o Double Bed

o Wardrobe

o Storage

o Contemporary work station

o Contemporary bathroom

KITCHEN

o Bespoke Designer Kitchen

o High specification cooking and storage facilities

LOUNGE

o LCD TV

o Coffee Table and Sofa

o Laminated wood flooring

ADDITIONAL

o 24hr on site security with CCTV

o Vending machines

o High speed Internet

o Cafe and retail outlets downstairs

PAYMENT STRUCTURE:

o 60% upon exchange.

o 20% on 1st August, 2017.

o 20% upon project completion.

...Read Less

The Stamp Duty for this property would be £0    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above 125,000 and up to 250,000 2 £ 0
Above 250,000 and up to 925,000 5 £0
Above 925,000 and up to 1,500,000 10 £0
Above 1,500,000+ 12> £ 0
*This is for illustrative purposes only

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