Ethical property developer unveils second phase of student accommodation plans
Integritas Property Group (IPG), the Liverpool-based ethical property developer, has launched the second phase of its successful project, Bijou, in Bradford city centre.
Following completion of the first phase, Optima has been designed to capitalise on its superb location.
Designed for student accommodation, Optima will host a total of 54 student pods and four accessible studios — with the location of the development in high demand for the student population due to its proximity to the city centre, nightlife, and the university.
Integritas Property Group founder and managing director, Mitchell Walsh, said: “Bradford is the 10th largest city economy in England, worth an estimated £11.6bn, so it’s a great area to concentrate on regenerating. It’s a well-connected city with direct rail access to London and has been awarded the UK City of Culture for 2025.
“Over the coming few years, the city will see a whole host of redevelopment with the local authority planning to improve large areas of the centre, following a £20m grant from the UK Levelling Up fund.
“The rental yield in Bradford also sits at six per cent, which is 2.4% higher than the national average, making it a great time to invest in the area.”
This high-spec property will see each unit at Optima finished, complete with furniture, an en suite bathroom, stylish interiors and modern appliances, ensuring the most optimum living experience for residents.
There will also be shared access to a fully fitted kitchen, a laundry room and direct access to a large open plan living space for student socialising. Optima House and the rest of the Bijou development also feature a secure main entrance, CCTV throughout the premises, secure parking and WIFI.
Offering a great opportunity to investors, construction of the new Optima site will start in June 2023, with the expected first completion in June 2024. Each unit will be sold with a 999-year lease, priced from £78,000, with a seven per cent NET rental return (Corporate Let – 12 months).
All will come fully furnished and managed.