35 Apartments At Velvet Mill & Silk Warehouse
Lister Mills
Lilycroft Road
Bradford
BD9 5BD

All prices, premiums and rents, etc are quoted exclusive of VAT at the prevailing rate.

The portfolio includes 35 apartments with 33 of the apartments being within Velvet Mill and 2 apartments situated in Silk Warehouse. In terms of unit mix, there are 11 studio units, 14 one-bedroom, 9 two-bedroom and 1 three-bedroom apartments, with sizes ranging from approximately 419 sq ft to 1,348 sq ft. The units are configured to provide bedrooms, bathrooms and open-plan kitchen/living areas, with a number of apartments retaining character features associated with the original mill buildings.

The property may be inspected by prior appointment only via the vendor's sole selling agent, Lambert Smith Hampton.

Each party to be responsible for their own legal costs incurred in any transaction.

All 35 flats are currently let subject to Assured Periodic Tenancy agreements, producing a current gross income of £271,980 per annum, with individual rents for the studios ranging from £480 - £625 per calendar month, one bedroom flats ranging from £560 - £650 per calendar month, , two-bedroom flats ranging from £650 - £885 per calendar month and the three bedroom flat is let at £950 per calendar month.

There are 35 x EPC certificates in place with the ratings of E (44) to B (83) - the certificates have varying expiry dates with the earliest expiry being in December 2029.