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    Key features

    • Freehold Industrial Recording Studio Investment and part Long Leasehold Land
    • Investment let at £50,035 pa (13.34% on Guide Price)
    • Entirely let to Pirate Studios Limited with the lease expiring in 2034 (no breaks)
    • RPI linked rent reviews every 5th (1% & 4% cap and collar), next review date April 2029
    • Comprises 734.08 sq m (7,902 sq ft) over ground floor industrial unit and ancillary first floor office
    • The tenant has fitted out the building as Recording, DJ and Band Studios
    • The April 2024 RPI Linked Rent Review is Outstanding
    • Located adjacent to the A6177, the main artillery road around Bradford and connects with the M606 at its south, c. 2.5 miles
    • Low Capital Value on Guide Price (£47.46 psf)
    • VAT-Free Investment

    Description

    The property comprises a substantial ground floor industrial unit with ground and first floor offices arranged as a recording studio. The property includes a section of long leasehold land (marked in blue).

    Additional information

    Tenure

    Freehold. Freehold of the main building and rear yard. There is also a long lease on land (used as car parking spaces) in the front yard, expiring in 2094 at a peppercorn rent.

    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

    Let to Pirate Studios Limited on a 15 year FRI lease from 15.04.2019 expiring 14.04.2034. The lease provides for a rent review every 5th year to RPI (1% & 4% cap and collar) at a rent of £50,035 pa. The April 2024 RPI Linked Rent Review is Outstanding

    Rent

    £50,035 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.

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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.

      Local information

      The property is located in the City of Bradford, a principal commercial centre in West Yorkshire. The property is situated to the west of Hockney Road in established industrial location with occupiers close by including Screwfix, Toolstation, Asda and a variety of local occupiers.

      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