The property comprises a single storey purpose built single storey retail parade adjacent to a Co-operative food store, Coral betting shop and Papa Johns take-away. Internally the accommodation is generally divided to form front sales areas with rear storage/staff accommodation.
Outside directly in front of the property there is lay-by parking and to the rear there is a service yard with rear loading and further designated parking.
( Agency Pilot Software ref: 947 )
Location
Wrose Road is a popular and busy suburb which lies just 2 miles east of Shipley. The property occupies a high-profile position fronting Wrose Road in the heart of the village.
Accommodation
71 -83 sq m (893sq ft )
73 0108 sq m (1,163sq ft )
75- 532 sq m (5,726sq ft )
Total 723 sq m (7,782sq ft )
Terms
TENURE The property is held freehold.
PROPOSAL We are instructed to seek offers in excess of £XXX (Five Hundred and Twenty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect a Net Initial Yield (NIY) of 9.00% assuming purchasers’ costs of 3.57%.
VAT The property is elected for VAT.
ENERGY PERFORMANCE CERTIFICATE Copies of the energy performance certificates are available upon request.
ANTI-MONEY LAUNDERING REGUALTIONS In accordance with Anti-Money Laundering Regulations, evidence of identity and source of funding will be required from the successful purchaser prior to instructing solicitors.
Specification
- Prominent multi-let retail parade comprising three retail units totaling 7,782 sq ft.
- The parade is leased to three separate tenants producing a total rent of £XXX per annum.
- The current rent equates to a low overall rate of £XXX per sq ft.
- The weighted average unexpired lease term equates to approximately 6.30 years.
- Tenure is Freehold.
- Seeking offers in excess of £XXX
- A purchase at this level reflects a Net Initial Yield of 9.00% assuming purchasers’ costs of 3.57%