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    Key features

    • High Yielding Freehold offices and workshop investment opportunity
    • Investment let at £22,800 pa (17.54% on Guide Price)
    • New 10 year lease from July 2023
    • Let to Carvansons Fragrances Ltd
    • Asset Management potential
    • Possible future development for residential conversion (subject to requisite consents)
    • Newly refurbished

    Description

    The freehold property comprises a workshop and office on the ground floor, an office and storage area on the first floor as well as land to the front and side of the property. The property has recently been refurbished throughout and lends itself well to both commercial and residential use. The property benefits from direct access to the adjacent Tesco Superstore as well as backing on to the main high street where additional amenities and major transport links can be found.

    Additional information

    Tenure

    Freehold.

    Accommodation

    The approximate areas have been provided by the vendor and the property has not been inspected by Savills.


    Ground - 68.00 sq m (732 sq ft)

    First - 69.00 sq m (743 sq ft)

    Total - 137.00 sq m (1,475 sq ft)


    Tenancy

    All three units (two offices and workshop) are let to Carvansons Fragrances Ltd on a full repairing and insuring lease from 15th July 2023 at £22,800 pa with a break clause in July 2028 as well as a provision for periodic rent reviews.

    Rent

    £22,800 pa
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Queensbury is approximately 4 miles south-west of Bradford. The property is located on Wellington Street, in a predominantly residential area. The property benefits from direct access to the adjacent Tesco Superstore as well as backing on to the main high street where additional amenities and major transport links can be found.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums