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Velvet Mills, Bradford

£55,000
  • 1 Bedrooms
  • 1 Bathrooms
  • 1 Reception Rooms
  • Ref: 10529
  • Type: Apartment
  • Availability: For Sale
  • Tenure: Leasehold

Property Features

  • ONE BEDROOM
  • PARKING
  • MODERN APRTMENT
  • EXPOSED BRICK
  • RENTED FOR £450 PCM UNTIL SEPTEMBER 2022
  • MODERN KITCHEN
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Property Summary

** 1 BEDROOM APARTMENT ** CONVERTED MILL ** EXPOSED BRICK ** PARKING ** INVESTORS ONLY - RENTED UNTIL SEPTEMBER 2022 **

Full Details

Zenko Properties would like to present this fantastic large one bedroom luxury apartment in a recently renovated, historic mill development. The communal areas are a thing of beauty with fantastic viewing points. Very close to Bradford city centre with easy access to other transport routes.

The mill was originally known as Lister Mill and has been developed into this fantastic residential development, renamed as Velvet Mill. In 1873 the mill was named the largest textile producer in the north of the country. Beautifully presented and having the original stone features and high timber framed double glazed windows this is a property that would appeal to couples and professional bodies alike.

The apartment itself is located by corridor access with original feature iron supports. Timber door opens into the entrance hallway with useful utility room. Open plan lounge with feature timber framed windows, arched ceiling and offering views into the courtyard. Built in contemporary and modern kitchen units with ceramic durable work surface and integrated appliances. Double bedroom with with furniture included. Luxury bathroom with modern wall tiling, contemporary white bathroom suite and integrated shower. The floors are completed with hard wearing Engineered Wood. The apartment is all electric with storage heating.

SECURE PARKING INCLUDED

Approx 470 sq ft

£1,572.68 service charge per year approx
£93.84 car parking service charge per year
£750 licence fee per year
£194 ground rent per year
Rent £450 per month

134 years on the lease
9.7% gross return
5.22% net yield

Marketing photos