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Commercial Property for sale

Duckworth Lane, Bradford, Bradford

Sold STC £230,000

Property Description

Key features

  • Commercial Investment Property
  • Let to Power Leisure Bookmakers Limited (Paddy Power)
  • Generating a rental income of 16,400 per annum (7.13% gross return)
  • Positioned in a popular district centre on the outskirts of Bradford in close proximity to the Bradford Royal Infirmary
  • Additional nominal income received from the flying freehold above.
  • EPC Asset Rating TBC

Full description

The property comprises retail premises occupying the ground floor of this substantial three storey stone built mixed use property situated approximately 2.5 miles to the northwest of Bradford city centre within walking distance of the Bradford Royal Infirmary.

This is a popular district centre generating high levels of trade through good footfall and passing vehicular traffic for the range of local independent and larger national retail occupiers.

The property has been leased to Power Leisure Bookmakers Limited (Paddy Power) for a term of 15 years from 5 September 2014 at an annual rent of £16,400 with the lease incorporating a tenant break option at year 7. This presents a gross initial yield of 7.13%, reflecting the strong covenant offered by the tenant. The property benefits from being highly prominent in a busy district centre, having the benefit of a large display frontage and return frontage.

More information from this agent

Map & Street View

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