FMG Repair Services, Canal Road, Bradford, BD1 4AJ

Offers in excess of £1700000

The property comprises a detached self-contained industrial warehouse and the salient details are as follows:

- Located in an established industrial area less than 1 mile north of Bradford City Centre.
- The property extends to approximately 18,369 sq ft GIA.
- Secure site of 1.15 acres, providing a low site cover of approximately 37%.
- Freehold.
- Let to FMG Repair Services Ltd on a lease expiring 15th April 2032, providing approximately 6.0 years term certain.
- The lease is guaranteed by Northgate Vehicle Hire Ltd who provide a D&B rating of 5A2.
- The lease contains a tenant break option in July 2026 which the tenant has not operated demonstrating recent commitment to the site.
- Low passing rent of £102,500 pa reflecting £5.58 psf with an upcoming rent review in July 2026 offering an immediate opportunity to increase the rent.
- Estimated Rental Value of £146,952 pa based on £8.00 psf.

We are instructed to seek offers in excess of £1,700,000 (One Million Seven Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level provides a net initial yield of 5.68% and a reversionary yield of 8.14% from July 2026 based on our opinion of ERV and a low capital value of £92.55 psf.

The subject property is situated less than 1 mile from Bradford City Centre, positioned within one of the main industrial and manufacturing areas of the city. The property is accessed from Canal Road which is also home to a number of car dealership showrooms, situated within
500m of the property.

Canal Road provides access to the A6177 Bradford Outer Ring Road which in turn connects to the M606 and offers various routes to Leeds and surrounding conurbations. Junction 26 of the M62 Motorway is situated approximately 6 miles to the south of the property.