Europcar Nelson Street, Mill Lane Bradford West Yorkshire BD5 0HD

  • Europcar<br>Nelson Street, Mill Lane<br>Bradford<br>West Yorkshire<br>BD5 0HD

Europcar
Nelson Street, Mill Lane
Bradford
West Yorkshire
BD5 0HD

Freehold Motor Trade Investment

  • 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)
  • Lot
    45
  • Auction
    13th July 2017
  • Rent
    £35,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £592,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Motor Trade Investment

  • 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)
  • Lot 45
  • Auction 13th July 2017
  • Rent £35,000 per Annum Exclusive
  • Status Sold
  • Price £592,000
  • 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.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Axiom Stone DVS House 4 Spring Villa Road
Edgware
Middlesex
HA8 7EB
Jaymini Ghelani 02089 516 984jg@axiomstone.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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