"Bradford Conversion Opportunity"

Sourced is pleased to present this substantial end-terrace property comprises lower ground, ground, first and second floors, making it ideal for conversion to 8 ensuites or even more. Neighbouring properties have been converted and are rented to NHS staff, who work in the local hospital. The property is situated approximately 2 miles from Bradford city centre, within a quiet residential area with Bradford Royal Infirmary just a few hundred yards to the east.
The ideal plan is to convert it to 8 ensuites, 3 kitchens, common room, storage areas and thereafter to let it out at £550 per room and/or sell it on. Minor adjustments to the planning can have the potential to add a room or more

The planning is for conversion to 8 en-suites, and thereafter, to let it out and/or sell it on.

The financials:
▪ Purchase price: £235,000
▪ GDV: £470,000
▪ Refurb costs: £137,000
▪ Purchase costs: £71,675
▪ ROCE: 40%
▪ Profit once sold: £84,000

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.