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The Residence development is a refurbishment development scheme providing an essential living environment for the people of Bradford. The scheme consists of 59 individual residential units split into studios, one bedroom and two bedroom apartments. All apartments include car parking with a rental assurance of 7% for the first 2 years.
This development is perfectly suited for tenants looking to live in the city centre. They will be on the door step to the brand new £260 million Broadway shopping centre, some of the city’s best bars and restaurants and a short walk away from the University of Bradford.The development offers the best high-end accommodation in the area along with a fantastic location, thereby appealing to tenants who are looking for quality apartments. Based on the city’s strong demand for private rented accommodation there is an anticipation for extremely high demand from culturally-aware young professionals in the city centre.
Bradford is a major business hub of the Northern Powerhouse, Bradford boasts the 8th largest economy in England and is forecasted to grow by 25% over the coming decade. The 17,600 businesses in the city have created an entrepreneurial, digital-focused business environment employing 198,600 people. Some of the big name corporations based in Bradford include Morrisons, Provident Financial Group, Yorkshire Building Society, Hallmark Cards and Santander (Bradford.gov). The city has benefits from over £1bn of investment in recent years, including the £260m Broadway Shopping Centre which created 3,000 jobs and gave a £500m boost to the economy (Bradford.gov). Another notable investment was the recent £21.96m put into broadband infrastructure, which gave 97% of households and businesses high-speed bre broadband (Invest Bradford). Upcoming projects include Canal Road regeneration corridor (planning stage) and the City Plan for regeneration of the centre focused on business and entrepreneurship, learning, urban living, transport and experience. Investment Highlights- Hands off investment- 7% assured rent for first 2 year- Prime location for capital growth- Prices starting from £63,000- Optional Car park spaces- Completion Q4 2018- Located in City Centre opposite £260 million ‘The Broadway’ shopping centre
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