Let to Valli Forecourts Limited(2) until 30 June 2058 (32 years unexpired)
Important Rent Reviews outstanding
5 Yearly Rent Reviews geared to 12.5% of the Rack Rental Value of the land and buildings
Prominent roadside position on Otley Road close to Market Street
Situated close to established commercial occupiers local retail parades and roadside trade including Formula One Autocentre
Auction 26th March 2026
Rent £4,188 per Annum Exclusive with Outstanding Rent Reviews to be Settled
Status Available
Guide* £120,000 - £140,000
Sector Supermarket/Convenience, Petrol Station, Ground Rent
Auction Venue Live Streamed Auction
On Behalf of the City of Bradford Metropolitan District Council
Property Information
Location
Miles
Approximately 3 miles north of Bradford, 12 miles northwest of Leeds
Roads
A6038 (Otley Road), A650, A657, A658
Rail
Shipley Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently located on the west side of Otley Road (A6038), just to the north of its junction with Market Street, in an established commercial part of Shipley. The area is well connected, lying approximately 3 miles north of Bradford and around 12 miles north-west of Leeds, with easy access to the A650 and surrounding arterial routes.
Shipley Railway Station is close by and provides regular services to Leeds and Bradford. Leeds Bradford Airport is also within a short drive.
The locality comprises a mix of residential housing and established local and roadside commercial uses, which support strong demand for convenience retail.
Tenure
Freehold.
Location
Miles
Approximately 3 miles north of Bradford, 12 miles northwest of Leeds
Roads
A6038 (Otley Road), A650, A657, A658
Rail
Shipley Railway Station
Air
Leeds Bradford Airport
Situation
The property is prominently located on the west side of Otley Road (A6038), just to the north of its junction with Market Street, in an established commercial part of Shipley. The area is well connected, lying approximately 3 miles north of Bradford and around 12 miles north-west of Leeds, with easy access to the A650 and surrounding arterial routes.
Shipley Railway Station is close by and provides regular services to Leeds and Bradford. Leeds Bradford Airport is also within a short drive.
The locality comprises a mix of residential housing and established local and roadside commercial uses, which support strong demand for convenience retail.
Tenure
Freehold.
Description
The property comprises a regular and level parcel of land extending to approximately 920 sq yards/769 sq m (8,276 sq ft)(1) upon which has been constructed a modern, purpose-built single storey convenience store.
VAT
VAT is applicable to this lot.
EPC
Band A+
Description
The property comprises a regular and level parcel of land extending to approximately 920 sq yards/769 sq m (8,276 sq ft)(1) upon which has been constructed a modern, purpose-built single storey convenience store.
VAT
VAT is applicable to this lot.
EPC
Band A+
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground
Convenience Store
379.00
(4,080)
VALLI FORECOURTS LIMITED (CRN: 04394106)
99 years from 01/07/1959 (32 years unexpired).
£4,188
30/06/2018, 30/06/2023, 30/06/2028 and 5 yearly. (30/06/2058)(3)
Total Approximate Floor Area
379.00 (1)
(4,080)
£4,188
(1) The site areas stated above has been estimated. The site area is stated in the lease 920 square yards. (2) Valli Forecourts Limited (CRN:04394106) are a family owned business based in Leeds and currently operates a portfolio of 17 petrol forecourts and convenience stores in England (Source: https://valliforecourts.co.uk/what-we-do). For the year ending 31/03/2025, Valli Forecourts Limited (CRN:04394106) reported a Turnover of £135,223,887 and Pre Tax Profits of £14,661,768 and Net Assets of £66,973,162. (Report and Financial Statements as published at Companies House 03/02/2026). (3) The Deed of Variation provides for a rent to be reviewed to the greater of the passing rent or 12.5% of the Rack Rental Value, of the land and buildings. The 2018 and 2023 rent reviews are outstanding.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
