Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of The Cooperative Estates
Property Information
Location
Miles
7 miles south of Bradford,16 miles south-west of Leeds, 33 miles north-west of Sheffield
Roads
A644, A641, M62 (Junctions 25)
Rail
Brighouse Rail
Air
Leeds Bradford Airport
Situation
The property is situated in Brighouse Town Centre on the southern side of the King Street, at its junction with Bradford Road. Nearby occupiers include Lloyds, Yorkshire Bank, Greggs and Oxfam. The rear of the property fronts Lawson Road.
Tenure
Freehold.
Location
Miles
7 miles south of Bradford,16 miles south-west of Leeds, 33 miles north-west of Sheffield
Roads
A644, A641, M62 (Junctions 25)
Rail
Brighouse Rail
Air
Leeds Bradford Airport
Situation
The property is situated in Brighouse Town Centre on the southern side of the King Street, at its junction with Bradford Road. Nearby occupiers include Lloyds, Yorkshire Bank, Greggs and Oxfam. The rear of the property fronts Lawson Road.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with 2 King Street benefitting from first floor ancillary accommodation. In addition there are two self-contained first floor office units, one of which is immediately above 20/22 Bradford Road and the other accessible from King Street. To the rear of the property fronting Lawson Street/King Street is a large site comprising a car park for approximately 30 cars and a former petrol station forecourt, both of which are offered with vacant possession (subject to shared rights of access) and provide development potential (subject to planning consent).
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with 2 King Street benefitting from first floor ancillary accommodation. In addition there are two self-contained first floor office units, one of which is immediately above 20/22 Bradford Road and the other accessible from King Street. To the rear of the property fronting Lawson Street/King Street is a large site comprising a car park for approximately 30 cars and a former petrol station forecourt, both of which are offered with vacant possession (subject to shared rights of access) and provide development potential (subject to planning consent).
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/(Reversion)
2 King Street
Ground First (Part)
Retail Ancillary
703 sq m 137.65 sq m
(7,567 sq ft) (1,481 sq ft)
MACKAYS STORES LIMITED(1)
10 years from 25/12/2009
£90,000
(24/12/2019)
2 King Street Office Suite
First (Part)
Office
183.24 sq m
(1,972 sq ft)
VACANT POSSESSION
20/22 Bradford Road
Ground
Retail
45.33 sq m
(488 sq ft)
INDIVIDUAL (t/a Park Row Hair and Beauty) (2)
5 years from 04/10/2011
£12,001 (3)
(03/10/2016)
20 A/B Bradford Road
First
Office
94.66 sq m
(1,018 sq ft)
INDIVIDUAL (t/a Park Row Hair and Beauty) (2)
5 years from 04/10/2011
£6000
(03/10/2016)
Totals
1,163.88 sq m
(12,526 sq ft)
£108,001
(1) For the year ending February 2014, Mackays Stores Limited reported a turnover of £158,289,000, pre-tax profits of £2,026,000 and a total net worth of £66,531,000. (Source: www.riskdisk.com18/09/2015) (2) Park Row Hair and Beauty is a contemporary and professional salon established in 1998 in the heart of Brighouse (http://parkrowhairandbeauty.com 18/09/2015) (3) The rent for 20 Bradford Road is £12,000 p.a. There is an additional lease for the bin store on the same lease terms for £1 p.a.
