Mixed Use for sale73-75 Bradshawgate
- Ground floor let to Your.Move.Co.Uk.Limited for a term of 10 years from February 2010 - £22,500 per annum
- First floor let as offices at £3,500 per annum - Tenant holding over
- Town centre location
- Existing A2 use on the ground floor units
- Benefitting from private car parking to the rear of the property
- Approx 200m from new Interchange development
- May suit redevelopment to provide a 6 storey, 53 unit student block - STPP
- Located on fringes of potential re-development area
The property fronts Bradshawgate close to its Junction with
Great Moor Street and Nelson Square in the professional
District of the Town Centre with Estate Agents and Solicitors
being well represented.
The property is situated approximately 200m from the new Interchange development and subsequently benefitting from excellent transport links.
A part two storey part single storey building with a self contained ground floor retail/office unit and separate first floor accommodation accessed from the ground floor of No 75.
The ground floor accommodation comprises impressive open plan offices which have been fitted out to a high standard by the existing Tenant, to include a number of private offices, meeting/consultation rooms and a good size staff kitchen.
The first floor provides for further offices which may also suit other uses STPP.
The property also benefits from potential for full site redevelopment to incorporate uses such as student accommodation and/or private residential. A scheme for a 6 storey student block with 53 units would be favourably considered by the Local Planning Authority.
In accordance with the RICS Code of Measuring Practice (6th Edition) we have calculated the following Net Internal Areas:-
SQ M SQ FT
No 73 Ground Floor 110.16 1,185
No 75 Ground Floor 36.59 393
No 75 First Floor Offices 57.55 619
TOTAL 204.30 2,197
All mains services are connected to the property but have
not been tested.
73/75 Bradshawgate Rateable Value: £32,750
75a Bradshawgate Rateable Value: £5,400
The ground floor is let to Your.Move.Co.Uk.Limited for a term of 10 years from 01/02/2010, incorporating a Tenant only break option at the 7th anniversary of the term, subject to 6 months prior written notice. The passing rent is £22,500 per annum.
The Tenant is responsible for 71.4% by way of a service charge for the cost of maintaining, repairing, renewing, amending, cleaning and repointing the premises.
The first floor is let to Zed Bangi on Full Repairing and Insuring lease terms. The Tenant is holding over (lease expired 29/06/2015). The passing rent is £3,500 per annum.
The Tenant is responsible for 28.6% by way of a service charge for the cost of maintaining, repairing, renewing, amending, cleaning and repointing the premises.
The rents quoted are exclusive but may be liable to VAT at
the standard rate.
£195,000 exclusive - representing a Net Initial Yield of 13.04% assuming standard purchaser’s rates.
Each party are to be responsible for their own legal costs involved in the transaction.
An EPC has been commissioned and a copy will be made available upon request.
Strictly by appointment with sole agents,
LAMB & SWIFT COMMERCIAL.
Contact: Daniel Westwell and Andrew Kerr
More information from this agent
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