Investment Property, West Yorkshire

COMMERCIAL INVESTMENT (THREE RETAIL SHOPS WITH £21,000 IN ANNUAL RENTAL RETURN) in Bradford for Sale.

Located at the very busy junction of the A658 Otley Road and A6177 Northcote Road in the BD2 area of Bradford, two miles north of the city centre. Three retail shops of varying sizes, all on ground floor with basements, producing a current combined rent of £21,000 but with plenty of scope for upward only rent reviews, as no rents have been increased for a number of years now. All three shops have long time tenants on informal letting agreements, but all parties are eager to sign up to traditional commercial leases. A schedule of rents being paid and evidence of regularity of payments is available to seriously interested parties. Tenants include an estate agency, a perfumery and a large household goods discount store. The properties represent close to a 10% per annum return on capital invested (ROI), and potentially a greater ROI once new rents are agreed. This is a high yielding investment in a commercial area that includes a number of well-known high street retailers, enjoying a colossal amount of passing traffic.