£1,750,000
(£85.47/sq. ft)
Industrial for saleConcorde House, Stewart Close, Bradford BD2
20,475 sq. ft
Freehold
About this property
A Gross Initial Yield of 8.0%
Tenant - Premier Vanguard Limited (Premvan)
Covenant rated “Very Low Risk” by Experian with a Credit Score of 100
Description
The property comprises a detached steel portal frame industrial building with profiled metal sheet walls and a pitched roof with four large roller shutter doors onto a large secure yard with car parking.
The building benefits from an integrated two storey office block to the front of the building providing good quality Air Conditioned office space.
The building is generally in good condition throughout.
Location
Located on the well established Victoria Road Industrial Estate which is approximately 2 miles to the North East of Bradford City Centre. With easy access to the A6177 providing orbital access around Bradford with links to M606/M62 corridor.
Concorde House forms part of a small cluster of industrial units ideal for businesses in manufacturing, distribution, or trade services. With shared industrial infrastructure, accessible location and a network of complementary businesses.
Terms
Lease Terms:
Tenant: Premier Vanguard Limited
Lease Terms: 15 Year Fri with Periodic Tenant Breaks
Rent: £140,000 Per Annum
Investment Summary
• Strategically located, prominent, single let HQ Warehouse & Distribution Centre investment in Bradford, 2 miles to the North East of the City Centre
• Prominently positioned just off the A6177 with easy links to the M606/M62 and wider regional Motorway network
• Good location, situated on the well established Victoria Road Industrial Estate
with excellent accessibility to a wide ranging catchment at the centre of the Leeds / Bradford conurbation
• Freehold Interest
• The property comprises a Detached Warehouse Unit totalling 20,475 sq ft
• Fully let to the established Premier Vanguard (Premvan) Business a Parent Group
Company guarantee available
• Covenant rated “Very Low Risk” by Experian with a Credit Score of 100
• Generates an annual passing rent of £140,000 per annum, reflecting a market rental value at £6.83 per sq ft
• 15 year lease term
• Premvan are fully committed to the unit which has been the Company HQ for
Decades
• Potential Future Redevelopment angle as located in the fringe of popular Residential Area with development nearby.
Proposal
We have been instructed to seek offers for the freehold interest in excess of £1,750,000 (one million seven hundred and fifty thousand pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects a gross initial yield of 8.00% and a low capital value of £85 per sq ft.
The property comprises a detached steel portal frame industrial building with profiled metal sheet walls and a pitched roof with four large roller shutter doors onto a large secure yard with car parking.
The building benefits from an integrated two storey office block to the front of the building providing good quality Air Conditioned office space.
The building is generally in good condition throughout.
Location
Located on the well established Victoria Road Industrial Estate which is approximately 2 miles to the North East of Bradford City Centre. With easy access to the A6177 providing orbital access around Bradford with links to M606/M62 corridor.
Concorde House forms part of a small cluster of industrial units ideal for businesses in manufacturing, distribution, or trade services. With shared industrial infrastructure, accessible location and a network of complementary businesses.
Terms
Lease Terms:
Tenant: Premier Vanguard Limited
Lease Terms: 15 Year Fri with Periodic Tenant Breaks
Rent: £140,000 Per Annum
Investment Summary
• Strategically located, prominent, single let HQ Warehouse & Distribution Centre investment in Bradford, 2 miles to the North East of the City Centre
• Prominently positioned just off the A6177 with easy links to the M606/M62 and wider regional Motorway network
• Good location, situated on the well established Victoria Road Industrial Estate
with excellent accessibility to a wide ranging catchment at the centre of the Leeds / Bradford conurbation
• Freehold Interest
• The property comprises a Detached Warehouse Unit totalling 20,475 sq ft
• Fully let to the established Premier Vanguard (Premvan) Business a Parent Group
Company guarantee available
• Covenant rated “Very Low Risk” by Experian with a Credit Score of 100
• Generates an annual passing rent of £140,000 per annum, reflecting a market rental value at £6.83 per sq ft
• 15 year lease term
• Premvan are fully committed to the unit which has been the Company HQ for
Decades
• Potential Future Redevelopment angle as located in the fringe of popular Residential Area with development nearby.
Proposal
We have been instructed to seek offers for the freehold interest in excess of £1,750,000 (one million seven hundred and fifty thousand pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects a gross initial yield of 8.00% and a low capital value of £85 per sq ft.
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