Situated in the center of West Yorkshire, England, the commercial and administrative center of the borough. This fully completed and almost fully tenanted complex offers a brilliant investment opportunity for a great return. The asset is a substantial 4 story, mixed-use building, comprising 7 ground-floor retail units with 51 modern residential apartments above.
The layout per floor is duplicated, with 17 apartments per floor. In total the 51 apartments are arranged as;
6 x studio apartments,
42 x one-bed apartments
and 3 x two-bed apartments.
Each apartment provides an open plan kitchen & living space and a shower room/WC.
The asset benefits from a vast amount of local amenities including shopping malls, walking routes, transport links, restaurants, and many more, making the location very attractive for tenants.
Proco acquired this asset for value add for long-term gain.
Total Apartment Units: 51 apartments
Construction Type and Main Materials: Concrete & Block
Age: The late 1960s built, refurbished converted in 2017
Current market value @ GBP 2.3 mil (15% discount)
Fixed Term Commercial Loan:
Cash on Cash annual return approximate:
Target After Value add (24months):
Asset Value: GBP 3.3mil