Luxury student accommodation for Bradford

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Luxury student accommodation for Bradford

The second phase of a major student residence scheme in Bradford has been completed on budget and on time and is providing quality and refinements at a level rarely associated with student living.

24 February 2011

The Grattan residence is based on Grattan Road and consists of high specification student apartments. The project has been completed with the help of £1.1m funding from Royal Bank of Scotland.

The self-contained studio apartments are housed within newly-converted mill buildings and offer en-suite accommodation for up to 37 students.

The city centre location is in Bradford's learning quarter and within 750m of Bradford University and Bradford College's Learning Quarter. It offers good access links to both Bradford Interchange and Forster Square train stations as well as the local bus network.

The project is being marketed as a fantastic investment opportunity with a gross rental income of around £227,000 and 80% of that income collected in the first six months of the academic year.

Adam Sims, Grattan Residence director, said: "What we have here is a fantastic place to live for Bradford students, we've made sure that these apartments are finished to an extremely high standard and equipped with everything the modern student needs.

"In addition to being a quality development this offers a great opportunity for investors who can benefit from the significant rental income Grattan can generate."

Neil Terrett, relationship director for RBS's specialist property team said: "We are delighted to have been able to support this development from the outset and see it to completion today.

"We are keen to help successful development schemes at a time when funding for developers is at a premium. The Grattan Residence is a superb development that I'm sure will be of great benefit to the city of Bradford."

For further information please contact:

Matthew Evans
Media Manager, The Royal Bank of Scotland
Tel: 07770 701830

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