Empire Invest Brings Broadway Residence to Market
Stuart Howard of Empire Invest and Robert Issler of Rico Group have partnered with Dream Apartments to bring another outstanding development to the North of England.
The Broadway Residence comprises fifty-nine individual residential units split into studios, one and two bedroom, high-end, high-spec apartments. Rico Group will re-imagine the building’s façade and install bespoke feature lighting throughout; while remaining sympathetic to the original architect’s contemporary, minimalist vision. Broadway Residence is situated in the city centre, a prime location that generates higher returns than average for Bradford. The developer Rico Group has secured a ten-year lease with award winning Serviced Apartment brokers Dream Apartments. The cherry on top, Broadway Residence offers investors a 7.5% gross return over that ten-year period with an upward-only five-year rent review.
Stuart Howard, Managing Director at Empire Invest
Stuart Howard of Empire Invest said, “Bradford and Yorkshire and the Humber as a whole, is a major destination for investment and regeneration. Bradford city represents vibrant, urban living, and the Broadway Residence development reflects that. For buy-to-let investors the gross rental yields the Broadway Residence offers are incredibly attractive. Bradford appeals to families and professionals, particularly those looking to relocate from London. Business activity in the city continues to mushroom, and Bradford’s economy is worth more than £11.6bn. Housing in Bradford is under-supplied. That combined with high tenant demand and strong yields that increase year on year make the Broadway Residence an investment opportunity that can’t be ignored”.
Bradford - Development & Investment Hotspot
Transport:
The Broadway Residence benefits from Bradford’s advanced transport infrastructure. The residential development is within spitting distance of Leeds Bradford International (LBIA), one of the UK’s fastest growing airports, while Manchester Airport is just under an hour away. Regeneration investment means mass transit in the region has recently received an injection of; £900 million. Bradford can expect an expanded network of EV charging points to be delivered. New and existing cycle and bus corridors will be created and improved. Nature walking and cycling schemes will also benefit from the cash boost.
Retail Therapy:
The Broadway Residence is a stones-throw away from the Broadway Bradford, a new £260 million state-of-the-art retail and leisure complex. The super mall boasts more than seventy outlets. You can get your fashion fix from a mix of boutiques and premium high street brands, and the in-house eateries offer cuisine from around the world. Asia, India, Italy, America. Want to catch the latest blockbuster, head to the luxury on-site cinema; the Broadway retail complex has it all.
Tourism & Heritage:
The Broadway Residence is well placed to take advantage of Bradford’s rich cultural heritage sites. The Alhambra is the Theatre of choice in the North for repertory companies such as the Royal Shakespeare Company, Disney and the Northern Ballet. The National Science and Media Museum and the Peace Museum are also on the development's doorstep. City Park, an award-winning green public space, is a short walk away. The park is where Bradford's nationally renowned Literature festival, Animation festival and Film festival take place each year. Bradford is Bronte Country, the birthplace of Playwright J B Priestly, novelist John Braine, composer Delius and artist David Hockney. The list of Bradford's heritage gems goes on, so it should come as no surprise to know Bradford is under consideration for the title of UK's Culture Capital 2025.
The Broadway Residence by Empire Invest
Stuart Howard of Empire Invest said, “I’m excited to be bringing the Broadway Residence to market. Bradford has been quick to recover from Covid the job market is robust. Wages have increased, and the city has just seen a huge rise in employment. Bradford’s economy is already one the largest in the North of England, and it’s forecast to grow by 25% in the coming years. Bradford is already a diverse and intercultural city, and residency is predicted to reach 560,000 by 2030. The city is also home to Bradford university and a significant student population. The incentives to invest keep adding up. I’ve brought more than £250 million into the North of England via land acquisition and property investment. I know a valuable prospect when I see one. The Broadway Residence is an excellent development for any investor savvy enough to take advantage of it”.
Tel: 07780 633 869
Web: www.empireinvest.co.uk
Email: info@empireinvest.co.uk
stuart@empireinvest.co.uk
