The property is prominently situated on the west side of the busy Manningham Lane between Hanover Square and Victoria Street, approximately 600 metres from Bradford Foster Square Railway Station and The Oastler Shopping Centre and Market.
The property is prominently situated on the west side of the busy Manningham Lane between Hanover Square and Victoria Street, approximately 600 metres from Bradford Foster Square Railway Station and The Oastler Shopping Centre and Market.
Tenure
Freehold.
Description
The property comprises a substantial 4 storey office building with a car park and undercroft car parking. The office building benefits from significant frontages to three roads and may be suitable for possible future residential conversion (subject to consents).
In addition to the office building, the property comprises a parcel of L shaped land, subject to vacant possession, equating to approximately 0.32 Acres (0.12 Hectares) which may be suitable to increase car parking or residential or commercial development (subject to consents).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack.
Description
The property comprises a substantial 4 storey office building with a car park and undercroft car parking. The office building benefits from significant frontages to three roads and may be suitable for possible future residential conversion (subject to consents).
In addition to the office building, the property comprises a parcel of L shaped land, subject to vacant possession, equating to approximately 0.32 Acres (0.12 Hectares) which may be suitable to increase car parking or residential or commercial development (subject to consents).
THE SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT t/a Job Centre Plus
6 years from 24/09/2018 on a full repairing and insuring lease (1)
£128,465 (1)
(23/09/2024)
Land
Unused
0.32 Acres
(0.12 Hectares)
VACANT POSSESSION
-
-
-
Total
2,454.53 sq m
(26,421 sq ft) (2)
£128,465 (1)
(1) The property is let for a term of 6 years from 24th September 2018 by virtual of a Reversionary lease from 1st April 2022 until 31st March 2024. The current rent reserved under the terms of the lease is £128,465 per annum exclusive. The tenant is currently benefiting from a rent concession of £64,232 per annum exclusive for 10 months from completion of the Reversionary lease. The Seller will pay the Buyer the difference between the current rent reserved of £128,465 per annum exclusive and the concessionary rent of £64,323.50 per annum exclusive from completion of the sale until the end of the concessionary period. Therefore the property will produce £128,465 per annum exclusive from completion of the sale. (2) The floor areas stated above have been taken for the Valuation Office Agency website. www.voa.gov.uk
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
