Lloyds Bank, 43-45 Hustlergate, Bradford
- SIZE AVAILABLE
24,811 sq ft
2,305 sq m
- SECTOR
Mixed use property for sale
Key features
- Prime Retail/Office Investment Opportunity
- Fully Let to the Undoubted Covenant of Lloyds Bank Plc
- 10 Year Lease Expiring 15.08.2033
- Long Standing Occupier of 20+ Years
- 24,811 sq ft (2,305.06 sq m)
- Development/Conversion Potential (subject to consents)
- Prime Central Location
- Investment Let at £150,000 p.a. (9.38% GIY on Guide Price)
- VAT-Free Investment
Description
Arranged across basement, ground and seven upper floors, the Grade II listed property comprises a retail banking hall to the ground and mezzanine floors, with office and ancillary space to the upper parts.
The property is fully let to the undoubted covenant of Lloyds Bank Plc, a long standing occupier of 20+ years, on a 10 year lease expiring 15.08.2033 and paying £150,000 per annum.
The property includes extensive upper parts which benefit from separate access and may be suitable for medium/long term conversion to alternative uses, including residential (subject to the existing lease and any requisite consents).
We understand the property previously benefitted from permitted development approval for conversion of the upper parts to 15 apartments. There may be potential to increase the massing of this development to provide approx. 30 apartments (subject to obtaining the requisite consents).
The property occupies a prime pitch with a frontage to the pedestrianised Hustlergate, one of the principal retail streets and part of the pedestrianised city centre. The Kirkgate Shopping Centre is to the rear of the property and the Broadway Shopping Centre is immediately opposite. Nearby tenants include Waterstones, Nationwide, and McDonalds.
Brochures
Lloyds Bank, 43-45 Hustlergate, Bradford
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bradford Forster Square Station0.2 miles
- Bradford Interchange Station0.3 miles
- Frizinghall Station1.9 miles
Notes
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