Valuable retail investment in an established City Centre location.

SITUATION

The investment has a dual frontage, looking onto Northgate and North Parade within Bradford City Centre.

Northgate is situated directly opposite Oastler Market and a multi-storey Pay & Display car park—earmarked to form part of the proposed City Village, whilst North Parade is particularly popular with niche retailers, independent bar operators with the location further enhanced with the addition of cycle stores, external landscaping, visitor seating areas etc.

PROPERTY/ACCOMMODATION

The investment comprises 2 “back to back” commercial mid terraced properties being of stone construction

21A Northgate provides a ground floor commercial unit with part first floor storage and is let to a local C-store retailer.

23 Northgate comprises a ground floor retail area let to Oxtoby's, (having been in occupation for approx. 30 years), plus first floor storage,

The remainder of the upper floors having been sold off on a long leasehold basis.

11/13 North Parade has recently been extensively refurbished to create a quality showroom at ground floor and first floor levels to a local clothing retailer.

TENANCY SCHEDULE

See brochure. 

SALE PRICE

£575,000 — Subject to Contract.   A purchase at this level provides the purchaser with a yield of 8.8%

Consideration may be given to a sale of parts—guide prices upon request.

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.   For further information please contact Invest in Bradford. 

LEGAL COSTS

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

VAT

Our clients advise that VAT will not be chargeable upon the sale price, although they reserve the right to do so, if appropriate.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Rating for this property is C a copy of the Certificate and Report is available upon request.