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    Key features

    • To be offered on Tuesday 24 September
    • Of interest to investors
    • Long Leasehold Substantial Multi Let, Mixed Use Investment
    • Investment let at £370,995 pa (29.68% on Guide Price)
    • Occupiers include BrewDog, Stein Bier Keller, Truth Nightclub and Bradford Council
    • Comprises 10 units (let to 8 tenants of which all but one are let)
    • Comprises approximately 5,636.80 sq m (60,685 sq ft)

    Description

    The attractive property comprises a substantial building (approximately 60,685 sq ft) arranged with a mixture of office, licensed and retail units including BrewDog, Stein Bier Keller, Truth Nightclub (6am License) and Bradford City Council Offices (which have been sold on a long lease) in total there are 10 units let to 8 tenants, of which one unit is vacant. Located adjacent Bradford University, Bradford College, Film+Media Museum and the brand new Bradford Live 5,000 capacity event space (opens October 2024). We understand the freehold of the property is also available being offered for sale by Bradford City Council. 

    Additional information

    Tenure

    Long Leasehold. Held for a term of 125 years from 02.03.1999 at a ground rent of £15,000 pa (see legal pack).

    We understand the freehold is available separately from Bradford City Council.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.


    Tenancy

    Please see Tenancy & Accommodation Schedule.

    Rent

    £370,995 pa

    Notes

    Please note the special conditions of sale require the deposit to be 20% of the sale price.

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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.

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      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.

      Accommodation / Tenancy Schedule

      Local information

      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