Let to Europcar Group UK Limited until 2031 (No breaks)
5 yearly, annually compounded RPI linked rental increases subject to a minimum of 2% per annum and a maximum of 4% per annum
Comprises approximately 0.19 hectares (0.47 acres) with a low site coverage of 12%
Suitable for a SIPP purchase
Future development potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 5
Auction 30th March 2017
Rent £35,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Motor Trade, Petrol Station
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
10 miles west of Leeds, 35 miles north-east of Manchester
Roads
M62, M606, A650, A658
Rail
Bradford Interchange Railway Station
Air
Leeds Bradford Airport
Situation
The property, located some 0.5 miles south of Bradford City Centre, is situated in a prominent position on the west side of Nelson Street, at its roundabout junction with Mill Lane, in a predominantly industrial location.
Tenure
Freehold.
Location
Miles
10 miles west of Leeds, 35 miles north-east of Manchester
Roads
M62, M606, A650, A658
Rail
Bradford Interchange Railway Station
Air
Leeds Bradford Airport
Situation
The property, located some 0.5 miles south of Bradford City Centre, is situated in a prominent position on the west side of Nelson Street, at its roundabout junction with Mill Lane, in a predominantly industrial location.
Tenure
Freehold.
Description
The property comprises a secure car and van hire compound benefiting from a regular and level site of approximately 0.19 hectares (0.47 acres) with a tarmacadam and concrete surface and approximately 52 car parking spaces. The property also benefits from a modern single story building providing a customer service centre.
VAT
VAT is not applicable to this lot.
Note
The property may further benefit from longer term development potential (subject to consents).
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a secure car and van hire compound benefiting from a regular and level site of approximately 0.19 hectares (0.47 acres) with a tarmacadam and concrete surface and approximately 52 car parking spaces. The property also benefits from a modern single story building providing a customer service centre.
VAT
VAT is not applicable to this lot.
Note
The property may further benefit from longer term development potential (subject to consents).
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Office/Ancillary Car Park
121.30 sq m Approx 52 car parking spaces
(1,306 sq ft)
EUROPCAR GROUP UK LIMITED (1)
15 years from 13/12/2016 until 2031 on a full repairing and insuring lease
£35,000
13/12/2021 13/12/2026 Rental increases linked to RPI (2)
Total
121.30 sq m
(1,306 sq ft )
£35,000
(1) For the year ending 31st December 2015, Europcar Group UK Limited reported a turnover of £343,567,000, pre-tax profits of £25,224,000 and a total net worth of £67,484,000 (Source: www.riskdisk.com 27/02/2017). (2) The lease provides for the rent to be increased every five years in line with the Retail Price Index (RPI) annually compounded and subject to a minimum of 2% per annum and 4% per annum.
