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Status Withdrawn Post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
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.
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.
