FACT SHEET - BROADWAY MANSIONS Bradford BD1 September 2020 - Global New Homes
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BROADWAY MANSIONS
Bradford BD1
September 2020
FACT SHEET
BROADWAY MANSIONS
Bradford BD1
Development
• 32 x Studio, 1 and 2 bedroom • Hi Gloss integrated units, Oven, Hob,
apartments Extractor, Fridge freezer, Washing
• Situated on the main retail street of machine
Bradford • An ultra modern colour palette and
• Character building with original furniture is carefully selected to
features built between 1883 and 1887 enhance the interior while allowing for
• Fully refurbished to modern standards personal touches. TV point, Internet
• Most central new development in (virgin media & BT), Phone point.
Bradford • Contemporary tiled bathroom wc basin
• Contemporary kitchen and appliances and shower
in an open space for modern living and
dining
Reasons to Invest in Bradford
• Bradford property prices average one • Bradford prides itself on accessible
third less than the London market- low road and rail links within the UK and
• Bradford delivers rental yields up to global connectivity with the Leeds and
10% -high rental demand – promising Bradford airport 7 miles from the city
capital appreciation • Bradford is the Producer City with an
• Bradford is a prosperous university 8.3 billion thriving economy – the 8th
town attracting young and enterprising largest in England
students from across the globe
BROADWAY MANSIONS
Bradford BD1
Local Area Transport Links
• Situated on the main high street • 6 mins walk to Bradford Forster
Square Train Station - Direct links
• Located opposite Kirkgate indoor to Leeds and London King's Cross
shopping centre. Kirkgate has 15
million visitors per year and is the • 5 mins walk to Bradford
third largest shopping centre in Interchange. Train and Bus
Yorkshire services
• 5 minute walk to Broadway Westfield • Leeds Bradford Airport is 25
shopping Centre - a £240 million minutes drive with direct flights to
modern shopping mall and employing most European destinations
over 2,5000 people. It is also projected
to attract inward investment in the • 15 minute drive to M62 highway
region of over £500 million with direct route to Manchester,
Liverpool, Leeds and Hull
• 3 minute walk to City Park - Public
space entertainment park • 20 minute drive to M1 highway
with direct route to London in 3
• 6 minute walk to Bradford Forster hours
Square Train Station - Direct links to
Leeds and London
• 8 minute walk to Bradford College
BROADWAY MANSIONS
Bradford BD1
Information
Developer Architect
City Park Developments Limited C49 Architects
Location Rental return
Kirkgate, Bradford, BD1 1SZ Estimated 7% Gross rental return
Service Charge Letting Agent Fee (Long Lease)
Est. £1.75 per sq/ft per year 12% + VAT per month of the rental value*
*Additional fees apply see letting agreement
Ground Rent
£115 per year Letting Management Fee (AirBnB)
20% + VAT per stay value**
**Min fee of £150per month applies
Tenure
250 year leasehold
Payment terms
• $20,000 HKD reservation fee
Building Management Company
• 15% on exchange
Broadway Mansions Residents
• 10% after 3 months
Management Company Ltd
• 5% after 9 months
• Balance on completion
Car Parking
No Parking on site however there is a
All funds to be held in secure client escrow
parking lot opposite the development
account
Completion
Warranty
Autumn/Winter 2021
6 year architectures build warranty
Local Authority
Furniture Package
Bradford Council
Furniture package is required for rental
guarantee and is £3,000 for a Studio & 1 bed
Price
and £3,500 for a 2 bed
32 units in total
Studio, 1 bed & 2 bedBROADWAY MANSIONS
Bradford BD1
Buyer Incentives
• Free furniture package worth up to £3,500
• £750 buyer legal fee incentive
Recommended Purchasers Solicitors
Hosanna Ho Legal Fees
Lester Dominic Solicitors • Total £1,400 + VAT
Upper Floors, 85-87 Ballards Lane (£750 paid by developer on
Finchley Central, London N3 1XT completion)
United Kingdom • £80 for searches
• Disbursements not included
Tel: +44 (0)20 8371 7400 (e.g Stamp Duty)
Fax: +44 (0)20 8346 7685
Email: hho@lesterdominic.com
Vendors Solicitors
Richard Longton
Miah Solicitors
First Floor, 327 Roundhay Road
Leeds LS8 4HT
United KingdomBROADWAY MANSIONS
Bradford BD1
AirBnB
With the popularity of AirBnB growing, Bradford has become a top destination for AirBnB guests. AirBnB
predicts you can earn upto 3x more income compared to standard rental agreement.
Why people will use AirBnB in Bradford?
Bradford has a vibrant and diverse economy, attracting 2.25 million visitor nights in a year. People
come to Bradford for tourism, business, theatre, entertainment and education.
• Bradford magistrates’ court is just a short walk away from Broadway Mansions. Barristers,
Solicitors and other legal professionals use AirBnB to book accommodation in Bradford while they
attend the courts.
• Alhambra Theatre is a stone’s throw and Broadway Mansions will be a prime location for those
wishing to visit the theatre as well as actors and other crew looking to stay over while working at
the theatre.
• Offices for Santander, Provident Financial, West Yorkshire Pensions Fund and hundreds more
businesses are all within 5 minutes’ walk of Broadway Mansions; with those working or visiting
these companies on business looking for short term accommodation nearby.
• University of Bradford is just a 10 minute walk, making it ideal for visiting academics and parents to
stay over while attending the University.
Investment Analysis
INCOME EXPENSES
Rate per night £60 Management Fee £3,680
Occupancy rate 70% Council Tax £1,200
Est. Total Yearly Income £15,330 Utilities £650
Ground Rent & Service Charge £965
Est NET Yield* 10%
*NET yield is estimated. Does not include taxes, insurance or any other legal obligations that maybe payable. Occupancy rate
may vary. Information should only be taken as a guide. All information should be verified by your solicitorBROADWAY MANSIONS Bradford BD1 AirBnB Management Service We offer full hands off AirBnB management service which will include listing your property, handling guests to cleaning and maintenance for a fixed 20%+VAT management fee. Your property will be managed by Enviro Estates, with years of experience in managing AirBnB properties on behalf of investors. We don’t just advertise your property on AirBnB, but a range of other short term accommodation sites like Booking.com What our service includes • FULL MANAGEMENT- We'll take care of everything for you, from photography and presentation of your apartment, to listing creation on AirBnB • GUEST CONCEIRGE SERVICE - Our team will handle all booking enquires and meet & greet your guests, including offering our concierge service throughout their stay through our dedicated 24/7 at your service team. • HOTEL STANDARDS- We will organise linens and towels, they are all laundered off site and beds are made to hotel standard, including replenishing and providing light refreshments for the guests and the necessary bathroom essentials just like any hotel. • HOST GUARANTEE- Every booking through AirBnB is protected by their Host Guarantee which will reimburse up to £600,000 in the event of damage to the property All this is included as part of our standard AirBnB Management service **Extended furniture package will be required for AirBnB
BROADWAY MANSIONS
Bradford BD1
Documents Required
• Certified copy of Photo ID or Passport
• Proof of address
• Certified copy of proof of funds
Stamp Duty Land Tax
Standard Upper
£0 - £125,000 (£500,000)*^ 0%* 3%
£125,001 - £250,000 2% 5%
£250,001 - £925,000 5% 8%
* The SDLT threshold has increased from £125,000 to £500,000 up until 31st March 2021 meaning 0%
is payable on the standard rate for properties upto £500,000
^ The first time buyer rate also applies to properties up to £500,000. First time buyers do not pay
stamp duty on the first £300,000
**An extra 2% SDLT will be subject to non-UK buyers from April 2021
*Higher rates of SDLT will be charged on purchases of additional residential properties, such as buy to let properties and second homes, for
properties that complete from 1 April 2016. The higher rates will be 3 percentage points above the current SDLT rates. The government will
consult on the policy detail, including on whether an exemption for corporates and funds owning more than 15 residential properties is
appropriate Source: https://www.gov.uk/government/publications/main-tax-announcements-for-autumn-statement-
2015/maintaxannouncements-for-autumn-statement-2015#stamp-duty-land-tax-sdlt--and-capital-gains-tax-cgtBROADWAY MANSIONS
Bradford BD1
DEVELOPER PREVIOUS PROJECTS
Law Russell House
A former office building, Law Russell House was
transformed into a boutique collection of just 65 uniquely
designed studio, one bedroom & duplex apartments.
Completed in 2018, Law Russell House is now fully let and
producing returns in excess of 7% to investors.
The information in this document is indicative and is intended to act as a guide only as to the finished product. Accordingly, due
to Menes Capital policy of continuous improvement, the finished product may vary from the information provided. These
particulars should not be relied upon as accurately describing any of the specific matters described by any order under the
Property Misdescriptions Act 1991. This information does not constitute a contract, or warranty. The dimensions given on plans
are subject to minor variations and are not intended to be used for carpet sizes, appliance sizes or items of furniture.
Broadway Mansions is a marketing name and will not necessarily form part of the approved postal address. Applicants are
advised to contact Menes Capital to ascertain the availability of any particular property.You can also read
