Bradford Road, WF3
£165.13 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,028 sq ft
281 sq m
- SECTOR
Out-of-town retail property for sale
- USE CLASSUse class orders: A1 Shops and Class E
A1, E
Key features
- NEW 10 YEAR LEASE FROM JULY 2024
- CURRENT RENTAL £40,000
- WELL LET TO AMERICAN GOLF (TRADING) LIMITED
- PRICE: £500,000 REFLECTS A NIY OF 7.57%
- WELL POSITIONED UNIT BETWEEN THE M1 & M62 CARRIAGEWAYS
Description
The property is let to American Golf (Trading) Limited who have been in occupation in excess of 15 years and recently signed a new 10 year lease from July 2024 at a rental of £40,000. The lease includes a break option at year 5 and also an upward only rent review to open market rental value. The break option is subject to a 2 month rent penalty.
American Golf (Trading) Limited Information:
88 Stores Nationwide
2023 Turnover: £135m
FY 23/34 EBITDA: £4.3m
BUSINESS RATES -
Showroom & Premises £27,000
Uniform Business Rate for 2023/24 is 0.499
SITE & ACCOMMODATION
Retail Sales 281.3 SQ.M / 3,028 SQ.FT
Site Area 821 SQ.M / 982 SQ.YDS
TERMS
Offers are being sought for the freehold interest subject to the occupational lease in place at a guide price of £500,000.
This reflects a net initial yield allowing for purchasers' costs of 7.57%.
*Please be advised this property is elected for VAT*
Brochures
Bradford Road, WF3
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Outwood Station1.9 miles
- Morley Station2.3 miles
- Batley Station3.1 miles
About Malcolm Stuart Property Consultants LLP, Tadcaster
Wilton House, Station Estate, Station Road, Tadcaster, LS24 9SG
Notes
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