Stanhope House 12 - 23 Market Street Shipley West Yorkshire BD18 3QN

Stanhope House
12 - 23 Market Street
Shipley
West Yorkshire
BD18 3QN

Retail Parade and Office Investment

Unbroken parade of 7 retail units with tenants including National Westminster Bank Plc and
Cash Converters (Shipley) Limited
Asset management potential with 6,126 sq ft vacant office accommodation
Located in popular commuter town
Nearby occupiers include Costa Coffee, Co-operative Travel and British Heart Foundation
For the Seller's Legal Pack, please click the Property Documents tab below
Rent: £89,176.67 p.a.x. (gross) with 6,126 sq ft vacant offices above

Lot
96
Auction
13th October 2016
Rent
£89,171 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Retail Parade and Office Investment

Unbroken parade of 7 retail units with tenants including National Westminster Bank Plc and
Cash Converters (Shipley) Limited
Asset management potential with 6,126 sq ft vacant office accommodation
Located in popular commuter town
Nearby occupiers include Costa Coffee, Co-operative Travel and British Heart Foundation
For the Seller's Legal Pack, please click the Property Documents tab below
Rent: £89,176.67 p.a.x. (gross) with 6,126 sq ft vacant offices above

Lot 96
Auction 13th October 2016
Rent £89,171 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

Property Information

Location

Miles: 3 miles north of Bradford, 11 miles north-west of Leeds
Roads: A6038, A650, A657
Rail: Shipley Rail
Air: Leeds Bradford Airport

Situation

The property is situated on the eastern side of Market Street just south of the pedestrianised Market Square which houses occupiers including Superdrug, Specsavers, Greggs, Santander and Phones4U. Other nearby occupiers include Costa Coffee, Co-operative Travel, British Heart Foundation and Go Bowling.

Tenure

Long Leasehold. Held from Gatsby GR Limited for a term of 106 years from 09/07/2004 until 27/12/2110 at a fixed rent of £4,160 pa.

Location

Miles: 3 miles north of Bradford, 11 miles north-west of Leeds
Roads: A6038, A650, A657
Rail: Shipley Rail
Air: Leeds Bradford Airport

Situation

Tenure

Long Leasehold. Held from Gatsby GR Limited for a term of 106 years from 09/07/2004 until 27/12/2110 at a fixed rent of £4,160 pa.

Description

The property comprises an unbroken parade of seven ground floor retail units with office accommodation at first and second floors currently arranged into six separate suites with communal facilities.

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 an unbroken parade of seven ground floor retail units with office accommodation at first and second floors currently arranged into six separate suites with communal facilities.

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 (gross)	Review/(Reversion)
12 & 13	Ground	Retail	198.72 sq m	(2,139 sq ft)	CASH CONVERTERS (SHIPLEY) LIMITED	10 years from 16/10/2009	£15,000	(15/10/2019)
14	Ground	Retail	97.18 sq m	(1,046 sq ft)	INDIVIDUAL t/a The Little Stationery Shop	6 years from 18/07/2014 (1)	£10,500	18/07/2017 (17/07/2020)
16 &17	Ground	Public House	215.81 sq m	(2,323 sq ft)	TINY INNS LIMITED t/a The Oddfellows Public House	6 years from 07/05/2014 (2)	£9,166.67	07/05/2017 (06/05/2020)
19	Ground	Retail	189.89 sq m	(2,044 sq ft)	NATIONAL WESTMINSTER BANK PLC	25 years from 24/06/1992	£24,500	(23/06/2017)
20	Ground	Retail	91.32 sq m	(983 sq ft)	VACANT POSSESSION	-	-	-
22	Ground	Retail	223.15 sq m	(2,402 sq ft)	CITY OF BRADFORD METROPOLITAN DISTRICT COUNCIL	5 years from completion (3)	£16,000	(2021)
23	Ground	Retail	109.72 sq m	(1,181 sq ft)	INDIVIDUALS t/a Envy Training Lounge	5 years from 10/07/2015	£8,000	(09/07/2020)
Suite 1 & 2	First	Office	92.90 sq m	(1,000 sq ft)	BLUE MARKETING LIMITED	1 year from 01/11/2015	£3,000	(30/10/2016)
Suite 3	Second	Office	96.80 sq m	(1,042 sq ft)	REED CASTLE LIMITED	1 year from 01/11/2015	£3,000	(30/10/2016)
Suite 4, 5, 6, 7, 8 & 9	First & Second	Office	569.12 sq m	(6,126 sq ft)	VACANT POSSESSION	-	-	-
Substation	Ground	-	-	-	YORKSHIRE ELECTRICITY DISTRIBUTION PLC	65 years from 23/12/1965	£5	(22/12/2025)
Totals			1,884.61 sq m	(20,286 sq ft)			£89,171.67

(1) The lease provides a tenant’s option to determine on 18/07/2017.
(2) The lease provides a tenant’s option to determine on 07/05/2017.
(3) The tenant is currently holding over on a previous lease which has expired. A new 5 year lease is due to be completed by 23rd October 2016 and provides a tenant option to determine at Year 3.