Retail premises for sale

Situation

The premises occupy a prominent location on North Parade, particularly popular with independent bars (Sally Browns next door, The Sparrow, Crafted, Record Café, The Peacock Bar etc.), and professional office occupiers including Staff Force, Major Recruitment, Locate Estate Agents etc.

Metered car parking is available upon North Parade.

Bradford’s Urban Village is proposed on the site of the Oastler Market and the new flagship Darley St Market is currently being developed

Property/accommodation

The property comprises a 2 storey commercial property with an attractive Ashlar stone façade incorpating 3 first floor feature arched windows complemented by a contemporary ground floor shop frontage.

The accommodation provides the following approximate net internal floor areas.

Gross frontage 12.5m 40ft 10in
Internal width 12.1m 39ft 10in
Depth 14.4m 47ft 4in

Sq m Sq ft
Ground floor
Well-proportioned, open plan showroom with modern shop front and security shutters 164.9 1,775
Staff kitchen - -

WC - -

Mezzanine
Store 2.5 27

First floor
Open plan stores / ancillary 156.7 1,687

Rating

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

Current Valuation From April 2023
Rateable Value: £25,000 £17,750
Rates Payable £12,475 £8,858

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

Rent

£30,000 per annum exclusive Subject to Lease

Lease

The property is available to let upon a new full repairing and insuring lease for a term to be agreed and incorporating upwards only rent reviews.

Sale

The clients may consider a sale of the Freehold interest – guide price upon application.

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

We are advised by our client that VAT is not chargeable on the rent, 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.