 Location.
National House.
Sunbridge Road, Bradford.
Within sight/walking distance of the city centre shops, bars and restaurants.
Scheme Description.
A large mix used development comprising of 106 apartments, bars, restaurants, gymnasium and the national house 150 bedroom 4 star hotel. 100 car park space (secure underground).
Construction of phase 1 residential commenced in spring 2008, national house is due for completion January 2010.
Hotel.
The 150-bedroom hotel will be a 4 star standard operated by either one of the Accor Brand of Hotels or the Crowne Plaza – operator to be secured as soon as possible.
The hotel will be the only one in Bradford city centre with a swimming pool and offering extensive spa treatments together with significant conference facilities and a bar and restaurant onsite will also be provided.
Bradford has one of the lowest hotel rooms to population ratios across the UK and none of the other hotels in the area will offer the facilities of the new National Hotel.
A feasibility study has been carried out and occupancy levels are expected to peak at 75% with a room rack rate of £120.00.
Ownership and Investor Deal
- 999 year ownership leases will be granted with the freeholder being:
North Park (Bradford) Ltd,
Riverside,
Jubilee Way,
Grange Moor,
Wakefield WF4 4TD
- Vendor Solicitors are Ramsdens, Huddersfield
- Purchasers Solicitors are Graham and Rosen
- A 14% year 1, 13% year 2, 12% year 3 rental guarantee is offered on the first 32 rooms sold underpinned by the Skelwith Group (building the Flaxby Country Club and Spa)
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