Prominently positioned main road investment

SITUATION

The premises occupy a prominent location fronting onto Tong Street forming part of the A650 arterial route linking Bradford City Centre approx. 3.5 miles to the north west to Bradford’s residential suburbs, whilst traversing the Bradford Outer Ring Road (A6177)

The premises therefore benefit from significant volumes of passing traffic, as well as being supported by the densely populated residential areas.

The immediate locality is mixed with a wide array of commercial occupiers represented upon Tong Street.   Established occupiers include Go Local Extra (convenience store), a Polish themed convenience store, Chilli Chicks (food outlet) amongst others.

The Avenue Retail Park is within close proximity (anchored by Iceland), with other national retailers closeby including Farm Foods and Selco Builders Merchants.

On street car parking is permitted immediately in front of the subject premises.

PROPERTY/ACCOMMODATION

Briefly, the property comprises a triple fronted amalgamated terraced property being of 2 storey stone construction and surmounted by a pitched slated roof, comprehensively rebuilt in 2003 to provide a ground floor betting shop and 3 x self-contained apartments over 1st floors.  

According to the VOA website, the ground floor provides an approximate floor area of 146.0 sq m (1571 sq ft)

TENANCY SCHEDULE

See brochure. 

RATING

A search of the Valuation Office website reveals that the property has the following Rateable Values:

Rateable Value (2023): £14,750

Rateable Value (2026) £15,750

Parties are advised to check with the local Rating Authority as to the precise current rates liability.

SALE PRICE

Freehold offers in the region of £180,000 are sought showing a prospective investor an attractive return of 8.5%.

INVEST IN BRADFORD

Bradford Council run various schemes which may offer help and support.    For further information please contact Invest in Bradford

LEGAL COSTS

Each party to be responsible for their own legal costs in this transaction

VAT

We are advised by the client that VAT is not applicable on the sale price.

DATA ROOM

Access to a Data Room  containing all relevant documents is available to  suitably interested parties.