183-187b Whitehall Road, Drighlington

£390,000

LOCATION
The premises are located 5 miles South West of Leeds City Centre and 5 miles South East of Bradford City Centre and occupies a prominent position on a large forecourt.

DESCRIPTION
A fantastic opportunity to acquire a fully-let income producing retail investment, split into five individually let units. The building generates a combined income of £32,800 per annum, creating an attractive gross yield of 8.4% based on the asking price. The property has the benefit of a large forecourt with ample parking, as well as an additional rear yard which is available via separate negotiation.

The five units are approximately 400sq ft each and are mainly open-plan. The tenants consist of a café, takeaway, betting shop, convenience store and a laundrette; all of which hold FRI Leases and rent payments are fully up to date.

ACCOMMODATION
None

SERVICES
All mains services are connected to the property.

TERMS
The property is available to purchase freehold, with the benefit of the following incomes:
183: The Little Pie Shop - £7,200 PA - Holding over from a 3 year lease from 3/12/15
185: The Bay Leaf - £6,000 PA - 6 year lease from 29/2/16
187: Coral Racing Ltd - £7,000 PA - 5 year lease from 11/5/16
187a: Appletree Stores - £6,300 PA - 9 year lease from 10/3/14
187b: Ironing Corner - £6,300 PA - 5 year lease from 9/1/15

Total Income: £32,800 Per Annum

OUTGOINGS
Rateable Values:
183: £4,900
185: £4,900
187: £4,850
187a: £5,000
187b: £7,000
Uniform Business Rate for 2018/19: £0.480.
Small business rate relief may be available to some occupiers. Further enquiries should be directed to Bradford Council.

VAT
All figures quoted are deemed exclusive of VAT where applicable.

LEGAL COSTS
Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.

PARKING NOTES
Vast amount of parking on the large forecourt which is included within the purchase.

PLANNING
Interested parties are advised to make their own enquiries of the local planning authority in respect of planning proposals if any change of use is envisaged.

VIEWING
Strictly by appointment with the agent Tel: 01423 501211.

Our next auction is on 23rd May 2019

Have you got a property that you would like to sell at Auction?

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PLEASE CONTACT US FOR MORE DETAILS AND TO ARRANGE A VIEWING

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