£147,500
(£213.77/sq. ft)
Retail premises for sale349 Wakefield Road, Bradford BD4
690 sq. ft
About this property
Situation
The property fronts onto Wakefield Road forming part of the A650 arterial route, approximately half a mile north of the Bradford Outer Ring Road (A6177) which provides direct access to the motorway networks. Ease of access is also available to Leeds Road (A647) and City wide region.
The premises therefore enjoy significant volumes of passing traffic with on street parking available in the side streets.
Property/accommodation
The property comprises a stone constructed, mixed use investment property comprising of a ground floor retail unit (with useful basement) and a separate entrance leading to a 1st floor 1 bed apartment.
The accommodation was comprehensively refurbished recently comprising a full re-wire, new fire alarm, kitchen, WCs, decorations etc
See brochure for floor areas etc.
Rating
A search of the Valuation Office website reveals that the property has the following Rateable Values:
Rateable Value: £2,750
Rates Payable (approx.):£1,372
At the time of preparing these particulars, this property (with a Rateable Value of less than £12,000) should not be liable to pay Business Rates (subject to qualifying conditions).
Parties are advised to check with the local Rating Authority as to the precise current rates liability.
The flat attracts Council Tax liability (which the current tenant pays).
Tenancy / lease summary
The shop has been let by way of a 3 year Lease from September 2024 at £7,500 pax. The Lease is drawn upon internal repairing terms with no break clause.
The flat is currently tenanted at a rental of £5,400 pa (£450 pcm). The tenant has been in occupation since July 2020.
There is potential to enhance the existing rental income by reviewing the flat rent to £6000 pa (£500 pcm) and a potential total rental income of £13,500 pax.
Sale price
Offers in the region of £147,500 are sought for the Freehold interest (subject to the tenancy for the first floor tenant and Lease in respect of the ground floor shop).
Legal costs
In the event of sale, each party to be responsible for their own legal costs in this transaction.
Special Note: Please note that a member of the Sharma Williamson team has a special interest in the advertised property.
VAT
The Vendors do not intend to charge VAT on the sale price, however they reserve the right to do so if appropriate.
Energy performance certificate
The Energy Performance Rating for the shop is D and the flat is rated G, a copy of the Certificate and Report is available upon request.
The property fronts onto Wakefield Road forming part of the A650 arterial route, approximately half a mile north of the Bradford Outer Ring Road (A6177) which provides direct access to the motorway networks. Ease of access is also available to Leeds Road (A647) and City wide region.
The premises therefore enjoy significant volumes of passing traffic with on street parking available in the side streets.
Property/accommodation
The property comprises a stone constructed, mixed use investment property comprising of a ground floor retail unit (with useful basement) and a separate entrance leading to a 1st floor 1 bed apartment.
The accommodation was comprehensively refurbished recently comprising a full re-wire, new fire alarm, kitchen, WCs, decorations etc
See brochure for floor areas etc.
Rating
A search of the Valuation Office website reveals that the property has the following Rateable Values:
Rateable Value: £2,750
Rates Payable (approx.):£1,372
At the time of preparing these particulars, this property (with a Rateable Value of less than £12,000) should not be liable to pay Business Rates (subject to qualifying conditions).
Parties are advised to check with the local Rating Authority as to the precise current rates liability.
The flat attracts Council Tax liability (which the current tenant pays).
Tenancy / lease summary
The shop has been let by way of a 3 year Lease from September 2024 at £7,500 pax. The Lease is drawn upon internal repairing terms with no break clause.
The flat is currently tenanted at a rental of £5,400 pa (£450 pcm). The tenant has been in occupation since July 2020.
There is potential to enhance the existing rental income by reviewing the flat rent to £6000 pa (£500 pcm) and a potential total rental income of £13,500 pax.
Sale price
Offers in the region of £147,500 are sought for the Freehold interest (subject to the tenancy for the first floor tenant and Lease in respect of the ground floor shop).
Legal costs
In the event of sale, each party to be responsible for their own legal costs in this transaction.
Special Note: Please note that a member of the Sharma Williamson team has a special interest in the advertised property.
VAT
The Vendors do not intend to charge VAT on the sale price, however they reserve the right to do so if appropriate.
Energy performance certificate
The Energy Performance Rating for the shop is D and the flat is rated G, a copy of the Certificate and Report is available upon request.
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