39/40 Bank Street, Bradford, Yorkshire , BD1 1PU
SALE AGREED!: For Sale: £300,000 / To Let: Rent upon Application
Floor Area (approx.): 142.4 sq m (1532 sq ft) plus basement of 83.8 sq m (902 sq ft)
Recently Refurbished Prime Retail / Office / Food / Drink* Premises
SITUATION
The premises, which have recently been refurbished ready for a tenant’s fit out, occupy a prime pedestrianised location within Bradford’s main retailing core with an extensive frontage to Bank St / Darley St close to its junction with Kirkgate. The popular 550,000 sq ft Broadway Shopping Centre and the Kirkgate Centre are a short walk away, as is the proposed Darley Street Market (expected to be complete in Summer 2023).
The immediate locality comprises predominantly multi national occupiers including Waterstones, Greggs etc. Banks / Building Societies include Santander, Lloyds, Halifax Building Society, HSBC etc.
ACCOMMODATION
The recently refurbished premises comprise the ground floor and basement of this multi-storey, attractive Listed Victorian building (upper floors separately let).
The accommodation comprises:-
|
Gross Frontage to Bank Street |
14.4 m |
47’4” |
|
Gross Frontage to New Market Place |
6.2 m |
20’5” |
|
Splayed frontage (with ramp) |
2.7m |
9’0” |
|
|
Sq M |
Sq Ft |
|
Ground floor |
|
|
|
Sales area |
134.3 |
1445 |
|
Staff kitchen |
8.1 |
87 |
|
Basement |
|
|
|
Stores |
83.8 |
902 |
RENT / LEASE
The property is available to let upon a new effective full repairing and insuring lease for a term to be agreed and incorporating upwards only rent reviews. Rent upon application.
The property is currently occupied by a temporary tenant on flexible terms.
SALE PRICE
The freehold interest may be acquired which includes the upper floors (which have been sold on a long leasehold basis) – Price: £300,000
BRADFORD CITY CENTRE GROWTH ZONE
We believe the premises are situated within the Growth Zone and as such, the occupier of the premises may be eligible for financial assistance with matters such as business rates, recruitment etc. For further information please contact Invest in Bradford.
RATING ASSESSMENT
The property is currently assessed for rating purposes as follows:
Rateable Value: £23,750
Rates Payable: £11,850
Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the local Rating Authority as to the current rates liability.
LEGAL COSTS
The ingoing tenant to be responsible for all legal costs incurred in the transaction.
VAT
We are advised that VAT will be charged on the rent/sale price at the standard rate.
ENERGY PERFOMANCE CERTIFCATE
The previous Energy Performance Rating for this property was C, however this has now expired. A new EPC has been commissioned.
