Brand new, city centre hotel in the heart of Yorkshire
10% gross for up to 10 years | 2.5% p.a. optional buyback
Part of a new Business Collection of hotels, Fabric takes prime position in Bradford city centre.
This new development marks the first city centre hotel and the introduction of the new Business Collection for our hotel development partner. Geared towards the large population of business travelers, Fabric will provide guests with high tech, high spec accommodation which can cater to their corporate needs.
Set over 11 floors, Fabric will be made up of 99 studio a hotel rooms, complete with all modern conveniences including a kitchenette, functional workstation and the latest high-speed internet connection. Rooms are prices at just £65,000 with investors earning 10% gross returns assured for up to 10 years.
- Rooms for £65,000
- 10% Gross Return for up to 10 years
- High tech, high spec business collection
- 2.5% per annum optional buy-back
Taking advantage of the Northern Powerhouse City, Bradford, in Yorkshire, Fabric’s location is unrivalled: city centre and just a moment’s walk from the university.
The transformation of Bradford’s educational sector has boosted the hotel market which has seen a 5% annual growth in hotel revenues, occupancy increasing and rates steeply rising (Armstrong Watson).
The University of Bradford has drastically improved its profile through a determined focus on teaching quality over admissions numbers – with one of the biggest jumps in the league tables last year. Links with overseas institutions, coupled with a new emphasis on international students and a staff recruitment drive, is expected to feed into the hospitality industry.
Bradford’s young, fast-growing, and increasingly well-educated population is driving the steady increase in its economic output, drawing many nationally renowned employers to set up their headquarters there. Its economy is worth over £9.5 billion, is the 8th largest in England, and is set to grow by 25% over the coming decade (Bradford.gov).
Nestled between several areas of natural beauty, a key part of Bradford’s tourist offering is its proximity to dramatic moors, hiking trails, and country parks. Many of its satellite villages are also notable tourist attractions, with UNESCO preserved architecture, world-famous former residents, and renowned restaurants.
Hotel investment has performed well for our investors for over a decade, and recent additional stamp duty hikes and cuts in mortgage tax relief on buy-to-let residential property makes it an attractive proposition for those seeking high, sustained yields.
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