The property is single storey and of steel portal frame construction with principally brick elevations. The unit has a shallow pitched roof which is lined internally and includes roof lights. The unit has a concrete floor, eaves height of approximately 5 meters and servicing is by 2 metal roller shutter loading doors to the rear and side elevations.
Internally the unit provides open plan workshop and storage accommodation with partitioned trade counter area plus offices to the front. There is also a substantial mezzanine constructed in the unit which has been installed by the tenant.
Outside the property is self-contained and includes a good sized secure yard which has metal pallisade fencing and access points from both Bingley Street to the front and Ingleby Street to the rear. The yard is of excellent proportions providing good loading facilities and potential for open storage, and with very good car parking facilities.
Location
Bradford forms part of the West Yorkshire urban area (population 1.5 million) which is the fourth largest urban area in the UK. It is located some 9 miles west of Leeds, 16 miles north west of Wakefield and 35 miles north east of Manchester.
SITUATION - The property is situated 1 mile to the west of Bradford City Centre and is accessed from the A6177 Ingleby Road via Duncombe Street. This is a popular business location with the principle surrounding buildings being industrial in nature.
Accommodation
The property provides the following accommodation as measured on a gross internal area basis:-
Ground Floor
Workshop / Warehouse - 463.21 sq m (4,986 sq ft)
Frontage Office - 56.86 sq m ( 612 sq ft)
Total - 520.07 sq m (5,598 sq ft)
The property has a site area of 0.155 hectares (0.38 acres) or thereabouts.
Terms
TENURE - Freehold subject to the terms of the tenancy described below.
TENANCY DETAILS - The entire property is let to WEB (M&E) Products Ltd (Company No 03681884) on a full repairing and insuring lease for a term of 10 years from 1 August 2017. The rent is £23,100 pax, and subject to an upward only rent review at the end of the 5th year. The lease also incorporates a tenant break clause at the end of the 5th year.
COVENANT INFORMATION - The tenant company was incorporated in 1998 and specialises in the wholesaling of electrical goods. Experian give the company a “low risk” score of 88. Further financial information is available from sole selling agents.
PROPOSAL - We are instructed to seek offers in excess of £250,000 subject to contract, showing a net initial return of 9.01% assuming usual purchases costs of 2.55%.
VAT - The property is not elected for VAT purposes.
ENERGY PERFORMANCE CERTIFICATE - An Energy Performance Certificate has been obtained for the property which has been assessed in Band E (124). A copy of the certificate is available from the sole selling agents.