JobCentre,
Westfield House, 85 Manningham Lane
Bradford
West Yorkshire
BD1 3BE

Freehold Substantial Office Investment and Undeveloped Land with Residential Development Potential (Subject to Consents)

  • Let to The Secretary of State for Communities and Local Government until 2024 (no breaks)
  • Substantial Office Building with Car Parking
  • Includes a parcel of land 0.32 Acres (0.12 Hectares) with Development potential (subject to consents)
  • Prominent location approximately 600 metres from Bradford Foster Square Railway Station
  • Lot
    26
  • Auction
    05/May/2021
  • Rent
    £128,465 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
  • JobCentre,<br>Westfield House,        85 Manningham Lane<br>Bradford<br>West Yorkshire<br>BD1 3BE
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* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles west of Leeds,
30 miles north-east of Manchester
Roads
A650, A6177, M606, M62
Rail
Bradford Interchange, Bradford Forster Square Railway Stations
Air
Leeds Bradford Airport
Situation

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.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Second
Third
Office
Office
Office
Office
448.95 sq m
664.71 sq m
670.67 sq m
670.20 sq m
(4,833 sq ft)
(7,155 sq ft)
(7,219 sq ft)
(7,214 sq ft)
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.04.21
    File Size
    58 MB
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  • Site Plan
    Updated Date
    16.04.21
    File Size
    861 KB
    View PDF
  • Catalogue Page
    Updated Date
    20.04.21
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Schofield Sweeney Church Bank House, Church Bank
Bradford
West Yorkshire
BD1 4DY
Darren Birkinshaw 01274 350 816DarrenBirkinshaw@schofieldsweeney.co.uk

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