Duke Street, Bradford

Property Details: • Type: House • Tenure: N/A • Floor Area: N/A

Key Features: • £72,000 gross income pa - 10.5% gross yield, net yield up to 9.12% • 10 en-suite HMO rooms plus self-contained one-bed flat across two titles • Turnkey - all conversion works completed prior to legal completion • Full planning permission in place (refs 25/01685/FUL & 25/01686/LBC) • 999-year leases from 1997 at £5 pa ground rent — virtual freehold security • Prominent BD1 corner position on Duke Street & Manor Row, city centre

Location: • Nearest Station: Bradford Forster Square Station • Distance to Station: 0.06412825480798702 miles

Agent Information: • Address: The Lightwell, 61-63 Brown Street Manchester M2 2JG

Full Description: 4 Duke Street, Bradford BD1 3QR & 1 Manor Row, Bradford BD1 4PB<br />A Converted 11-Unit HMO & Residential Investment | Asking Price £680,000<br /><br />An exceptional opportunity to acquire two adjoining, income-producing properties occupying a prominent L-shaped corner building in the heart of Bradford city centre. Together they comprise ten en-suite HMO letting rooms and a self-contained one-bedroom flat, producing a potential gross income of £72,000 per annum a gross yield of 10.5% and a net yield of up to 9.12% after estimated outgoings of £9,940 pa.<br /><br />THE PROPERTIES<br /><br />The two properties form part of the same building, each with its own address, frontage and title a single managed block with the flexibility of two separate titles.<br /><br />4 Duke Street is a fully converted five-bedroom HMO with a private en-suite to every room and a generous shared lounge and kitchen, creating a high-specification co-living environment.<br /><br />1 Manor Row provides five further ground-floor en-suite bedrooms with a communal kitchen/lounge, plus a self-contained one-bedroom flat on the lower ground floor with an open-plan lounge/kitchen and dedicated bathroom.<br /><br />INCOME<br /><br /><br />10 × en-suite rooms @ £550 pcm: £66,000 pa<br />One-bedroom flat @ £500 pcm: £6,000 pa<br />Total: £6,000 pcm / £72,000 pa gross<br /><br /><br />PLANNING, LICENSING & TENURE<br /><br />Full planning permission is in place (refs 25/01685/FUL and 25/01686/LBC, Bradford planning portal). All conversion works will be completed prior to legal completion, delivering a finished, ready-to-let investment. HMO licences will be required by the incoming owner; the vendor has worked closely with Bradford Council throughout to ensure the scheme aligns with licensing requirements, providing a smooth path to licensing.<br /><br />Both properties are held on 999-year leases from 1997 at a nominal £5 per annum ground rent each effectively a virtual freehold.<br /><br />Viewings strictly by appointment through the selling agent.