1 bedroom block of apartments for sale

Velvet Mill, Bradford, BD9

Sold STC £299,950

Property Description

Key features

  • Portfolio generating income of 25,140 PA
  • Stunning Grade II* listed building
  • Ideal for buy to let investor
  • Properties sold with no parking
  • Ideal located for access to Bradford City Centre
  • Vendor is open to offers
  • Gross yield of 8.38%

Full description

Current Rent PA: £25,140
Annual Service Charge: £6,503.41
Annual Ground Rent: £970

Current Gross Yield: 8.38%
Optimised Gross Yield: 9.5%

Current net Yield: 5.89%
Optimised net yield: 7.01%

Velvet Mill is the second phase in the regeneration of the Grade II* Listed Lister Mills. Designed by David Morley Architects, the largest listed building in Bradford has been lovingly restored into 190 new homes and ground floor commercial spaces.

Bursting with original features, Velvet Mill combines the best of the old with the best of the new, and the new dramatic curved rooftop apartments will be a fine example of how combining old and new architecture can transform an already magnificent building into a modern day classic.

Once the world's largest silk mill, Lister Mills is a stunning collection of Grade II* Listed mills and warehouses which dominate the Bradford skyline. When built, The Times proclaimed that the Mills were as "breathtaking as Versailles" - to this day it still manages to take your breath away.

Velvet Mill has been carefully restored to make the most of the original features; high vaulted ceilings, exposed brickwork, large windows and a stunning central atrium at the entrance. Residents can make the most of the private courtyard or the beautiful Listers Park is just around the corner and with the Yorkshire Dales a short drive away, the great outdoors isn't hard to find.

Velvet Mill, Lister Mills is situated on Lillycroft road, a busy hub of the Manningham community, with plenty of eateries, cafes and local amenities.

Lister Mills is approximately 1.5 miles from Bradford City Centre, served by regular bus services and a short walk from Frizinghall train station with direct links to Bradford and Leeds.

Velvet Mill is ideally located for commuters and those who work at the close by Hospitals. The Bradford School of Management and Bradford Royal Infirmary are also within walking distance.

The development is a short commute into Bradford City Centre, located within a five minute drive of the main shopping and business district.


Listing History

Added on Rightmove:
11 November 2019

Nearest stations

  • Frizinghall (0.9 mi)
  • Bradford Forster Square (1.3 mi)
  • Bradford Interchange (1.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Smart Investment & Management, Leeds

2 High Court Leeds LS2 7ES

0113 451 2978 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Smart Investment & Management, Leeds

2 High Court Leeds LS2 7ES

0113 451 2978 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Frizinghall (0.9 mi)
  • Bradford Forster Square (1.3 mi)
  • Bradford Interchange (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Smart Investment & Management, Leeds

2 High Court Leeds LS2 7ES

0113 451 2978 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference VelvetMills. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Smart Investment & Management, Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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