Listerhills Science Park, Campus Road, Bradford BD7 1HR

Bradford, BD7 1HR

Sold

Price £6,400,000

Rent (pa) £685,909

Yield 10.05%

Investment Summary

Well located science park with strong historic occupancy levels
Centrally located approximately 0.5 miles west of Bradford City Centre
Adjacent to the main University of Bradford campus with over 8,500 students
109,250 sq ft across 16 buildings and 69 suites
Total site area of 11.4 acres (4.62 ha) within attractive landscaped grounds
Current income of £685,909 per annum, which equates to just £6.28 psf
Occupancy level of 98% with tenants including ECSC Group, Ashby Knight Ltd, Barnardos and Concept Life Sciences
Excellent Covid 19 rent collection statistics
The property is held Freehold
Average weight unexpired lease term of 4.1 years to expiry (2.3 years to earliest determination)
Offers in excess of £6,400,000, subject to contract and exclusive of VAT
Attractive Net Initial Yield of 10.05%
Reversionary Yield of 10.87%
Low capital value of £58 psf and just £560,000 per acre
Purchase is underwritten by land value for alternative residential, retail or industrial re-development

Town Bradford

Postcode BD7 1HR

Contact our team for more information or speak directly with James Kinsler.