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COMMERCIAL

Market Pavilion, Bradford, BD1

£199,950
Stoneacre Properties, Chapel Allerton
PROPERTY TYPE
Commercial Property
SIZE
3,124 sq. ft.
(290 sq. m.)

Key features

  • 3124 Sq ft
  • Fully Let
  • Tenanted Investment
  • City Centre Location
  • High Yield

Property description

Tenure: Leasehold

FULLY LET TENANTED INVESTMENT

Modern detached ground and first floor Braford City Centre property situated within The Rawson Quartere on the east side of Rawson Place, between its junctions with Rawson Square and Godwin Street and occupiers close by include Wilko, Fulton Foods, and Oxfam whilst within the nearby Kirkgate Shopping Centre are Primark, Greggs, Sports Direct, New Look and Deichmann Shoes.

Location - The City of Bradford is a principal commercial centre in West Yorkshire, located some 9 miles west of Leeds and 29 miles north east of Manchester and benefits from good road communications being in close proximity to the M62 (Junc 26) via the M606, the A650, the A658 and the A647.

The property forms part of The Rawson Quarter and is situated in the city centre on the east side of Rawson Place, between its junctions with Rawson Square and Godwin Street and occupiers close by include Wilko, Fulton Foods, and Oxfam whilst within the nearby Kirkgate Shopping Centre are Primark, Greggs, Sports Direct, New Look and Deichmann Shoes.

Description - Modern detached ground and first floor propery in a good position comprising a detached parade of 3 ground floor shops (2 interconnecting) with first floor accommodation.

Accommodation - The property offers the following accommodation:-

UNIT 1 & 2
Groufnd floor Sales area 1427 sq ft 132.60 m2
First loor Sales area 1461 sq ft 125.70 m2
plus w/cs

UNIT 3
Ground floor Sales area 236 sq ft 21.9 m2
plus w/cs

TOTAL 3124 sq ft 290.2 m2

Price - For Sale £199,950 long Leashold
VAT is applicable on the sale

Leashold held on a lease expiring on 17.06.2255 (thus having some 234 years unexpired) at a fixed rent of £2,865 per annum plus vat

Annual service charge currently £2,865 payable quarterly £716.25 plus vat

Tenancy - The property is tenanted as follows:-

UNIT 1 & 2
10 year lease from 9th Nov 2018
Current rent £16,000 per annum
Increasing to on 8th November 2021 to £17,500
Rent Review 2023

UNIT 3
6 year lease from 1st Dec 2017
Current rent £4,950 per annum
2020 Rent Review outstanting

TOTAL RENTAL (From Nov 2021) £22,450 per aanum

ALL RENTAL SUBJECT TO 5% MANAGEMENT FEE

Business Rates - The property has been assessed by the Valuation Office Agency in 2017 at £4,350RV.

100% Small Business Rate relief (subject to status) ZERO PAYABLE

Interested parties are advised to make their own inquiries in this respect.

Energy Performance Certificate - Energy Performance Certificate for this property is:-
6009 - 7069 - 4741 - 6330 - 0543
This can be viewed on

The Asset Rating is C-59

Viewings - For further information or to arrange a viewing, please contact Peter Davies on .

Misrepresentation Act 1967 - Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
1.The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
2.All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.
3. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
4.All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.
MISDESCRIPTIONS ACT 1991
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.

A Director of Stoneacre Properties have a financial interest in this property

ALL OFFERS ARE SUBJECT TO CONTRACT OR LEASE.
Details prepared July 2021.

You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.
Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.
No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.

Brochures

Brochure

Market Pavilion, Bradford, BD1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bradford Forster Square Station0.1 miles
  • Bradford Interchange Station0.4 miles
  • Frizinghall Station1.7 miles
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About the agent

Stoneacre Properties, Chapel Allerton

184 Harrogate Road, Leeds, LS7 4NZ

Stoneacre Properties, Chapel Allerton
Visit our website: www.stoneacreproperties.co.uk
ABOUT STONEACRE

Our award winning team are dedicated and motivated to obtaining the best possible price for your property. The sales team pride themselves on going the extra mile and achieving results.

Established over 20 years ago, we have developed a reputation as one of Leeds' most trusted property experts and as a result we have enjoyed continued growth during this time.

Our ethos and values have not changed

More properties from this agent

Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Ombudsman for Lettings Estate Agents

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 30745184. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stoneacre Properties, Chapel Allerton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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