New property investment opportunity in centre of Bradford
Property investors now have a new opportunity to invest in a residential development in Bradford's sought-after city centre. Law Russell House is part of the city's textile industry heritage, and has now been renovated to provide up-to-the-minute city centre accommodation in a selection of studio, one-bed, and two-bed apartments.
Law Russell House will offer prospective tenants a high standard of living and a central location, making it the ideal base for a modern, urban professional. These apartments are now available to investors for purchase at below-market-rate prices, providing an attractive and comparably low-cost opportunity to get involved in the busy property market of Bradford's popular city centre.
The apartments have been designed to satisfy the needs of demanding professional tenants with modern and high-quality facilities, including a gym and on-site cafe area. As such, it leaves little or nothing still to be desired in terms of living standards. However, one of the greatest strengths of the development is nothing to do with the design or renovation but is in fact its excellent location.
The development is taking place in Little Germany, which is one of Bradford's most up-and-coming areas. This area is subject to high and still-growing demand for property thanks to its central location, its wealth of interesting traditional architecture, and the impact of some exciting new developments within this district and surrounding areas. The high demand for property in this area – much of it from exactly the kind of people Law Russell House is targeting as tenants – is expected to help the development fill up quickly, and the up-and-coming nature of the location provides strong potential for capital appreciation.
One of the districts greatest assets is its close proximity to the Westfield Shopping Centre. This £250 million retail centre includes many of the UK's leading names in high street shopping and is just one example – albeit a big one – of how major companies have been attracted to the area in recent years whether it is to set up outlets or base themselves in nearby offices. This has brought a lot of new jobs to the area, with around 2,500 roles created by the Westfield Shopping Centre alone. It also means that tenants in Law Russell House will benefit from having the fantastic retail facilities offered by the centre less than a minute's walk from the building's front door.
The attractions of the development are not all for tenants, as there is much to endear the opportunity to investors as well. Law Russell House offers the chance to invest in this up-and-coming city centre district at below-market prices, starting from just £55,000 for a studio apartment. They will earn interest at a rate of 4% while their deposit is being held during the development process, and all deposit funds are contractually assured. Once the apartment is tenanted, the property investment in Bradford will be fully-managed by an experienced lettings company, and will offer assured net rental income of 8%, paid in advance, for the first two years.