Majority let to One Stop Stores Limited (a part of Tesco Plc)
Approximately 3,920 sq ft
Close proximity to University of Bradford City Campus, Bradford College and Bradford's Learning Quarter
Prominent Roadside Location
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 42
Auction 16th February 2017
Rent
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles north-east of Halifax, 9 miles west of Leeds, 20 miles south-west of Harrogate
Roads
A647, A658, A6177
Rail
Bradford Interchange and Bradford Forster Square Railway Stations
Air
Leeds/Bradford International Airport
Situation
The property occupies a corner position fronting Listerhills Road and Hey Street, less than half a mile south-west of Bradford City Centre. The University of Bradford City Campus is about 100
metres away housing a large student population and providing further retail and leisure facilities.
Tenure
Freehold.
Location
Miles
7 miles north-east of Halifax, 9 miles west of Leeds, 20 miles south-west of Harrogate
Roads
A647, A658, A6177
Rail
Bradford Interchange and Bradford Forster Square Railway Stations
Air
Leeds/Bradford International Airport
Situation
The property occupies a corner position fronting Listerhills Road and Hey Street, less than half a mile south-west of Bradford City Centre. The University of Bradford City Campus is about 100
metres away housing a large student population and providing further retail and leisure facilities.
Tenure
Freehold.
Description
The property comprises two ground floor retail units which benefit from rear access and loading.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units which benefit from rear access and loading.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Retail/Ancillary
232.26 sq m
(2,500 sq ft)
ONE STOP STORES LIMITED (1)
15 years from 11/12/2013 until 10/12/2028 (2)
£25,000
11/12/2018 11/12/2023
Retail/Ancillary
131.92 sq m
(1,420 sq ft)
IDEAL STUDENT MANAGEMENT LIMITED (t/a MBI)
5 years from 13/02/2015 until 12/02/2020
£22,500
-
Totals
364.18 sq m
(3,920 sq ft)
£47,500
(1) For the year ending 27 February 2016, One Stop Stores Limited reported a turnover of £958,669,000, pre-tax profits of £15,031,000 and a total net worth of £174,115,000. One Stop Stores Limited are a subsidiary company of Tesco Plc. The tenant is not currently in occupation. (Source: Experian Group 18/01/2017). (2) The lease provides for a tenant only option to determine on 11/12/2023.