For Sale
Card House
From £130,000
14% + NET Rental Yields
For Sale
Card House
From £130,000
14% + NET Rental Yields
Overview
Specification
Location Overview
Card House is a landmark building on Bingley Road, Bradford, converted into modern studio and one-bedroom supported living apartments for vulnerable adults referred by the local authority.
Studios are priced from £130,000 with a contractual net rent of £18,200 per year (14.00% NET), and one-bedroom apartments from £135,000 with £19,500 per year (14.40% NET), paid monthly from day one.
Each apartment is let to a specialist supported housing provider operating as a Community Interest Company on a 25-year fully repairing and insuring (FRI) agreement. Rent is payable whether or not the apartment is occupied, with annual upwards-only reviews linked to CPI + 1%, and all maintenance and management costs sit with the provider.
Supported housing is a needs-driven sector. Local authorities have a legal duty to house vulnerable residents, and long-term supported accommodation is far more cost-effective for councils than hostels or emergency hotel placements, giving the sector a durable demand profile.
Card House is a landmark building on Bingley Road, Bradford, converted into modern studio and one-bedroom supported living apartments for vulnerable adults referred by the local authority.
Studios are priced from £130,000 with a contractual net rent of £18,200 per year (14.00% NET), and one-bedroom apartments from £135,000 with £19,500 per year (14.40% NET), paid monthly from day one.
Each apartment is let to a specialist supported housing provider operating as a Community Interest Company on a 25-year fully repairing and insuring (FRI) agreement. Rent is payable whether or not the apartment is occupied, with annual upwards-only reviews linked to CPI + 1%, and all maintenance and management costs sit with the provider.
Supported housing is a needs-driven sector. Local authorities have a legal duty to house vulnerable residents, and long-term supported accommodation is far more cost-effective for councils than hostels or emergency hotel placements, giving the sector a durable demand profile.
Specification
Card House is a landmark building on Bingley Road, Bradford, converted into modern studio and one-bedroom supported living apartments for vulnerable adults referred by the local authority.
Studios are priced from £130,000 with a contractual net rent of £18,200 per year (14.00% NET), and one-bedroom apartments from £135,000 with £19,500 per year (14.40% NET), paid monthly from day one.
Each apartment is let to a specialist supported housing provider operating as a Community Interest Company on a 25-year fully repairing and insuring (FRI) agreement. Rent is payable whether or not the apartment is occupied, with annual upwards-only reviews linked to CPI + 1%, and all maintenance and management costs sit with the provider.
Supported housing is a needs-driven sector. Local authorities have a legal duty to house vulnerable residents, and long-term supported accommodation is far more cost-effective for councils than hostels or emergency hotel placements, giving the sector a durable demand profile.
Location Overview
Overview
Card House is a landmark building on Bingley Road, Bradford, converted into modern studio and one-bedroom supported living apartments for vulnerable adults referred by the local authority.
Studios are priced from £130,000 with a contractual net rent of £18,200 per year (14.00% NET), and one-bedroom apartments from £135,000 with £19,500 per year (14.40% NET), paid monthly from day one.
Each apartment is let to a specialist supported housing provider operating as a Community Interest Company on a 25-year fully repairing and insuring (FRI) agreement. Rent is payable whether or not the apartment is occupied, with annual upwards-only reviews linked to CPI + 1%, and all maintenance and management costs sit with the provider.
Supported housing is a needs-driven sector. Local authorities have a legal duty to house vulnerable residents, and long-term supported accommodation is far more cost-effective for councils than hostels or emergency hotel placements, giving the sector a durable demand profile.
Investment Highlights
Investment Highlights
• Studios from £130,000, 14.00% NET (£18,200 per year) • One-bed apartments from £135,000, 14.40% NET (£19,500 per year) • 25-year FRI agreement with a supported housing provider • Rent payable whether or not occupied • Annual upwards-only rent reviews linked to CPI + 1% • No management, letting or maintenance costs • Fully furnished and fire-compliant • Developer call option within 3 years at a minimum of 30% above purchase price
From £130,000
From £130,000
From £130,000
14% + NET Rental Yields
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