Offers in region of
£475,000
(£86.98/sq. ft)
Retail premises for saleOtley Road, Shipley BD18
5,461 sq. ft
About this property
Location
The property occupies a busy main road location, fronting onto Otley Road (A6038), the main arterial route, through Shipley Town Centre. To the south, is Bradford City Centre, and Otley Road also provides access through to Guiseley, Ilkley and beyond. Nearby occupiers include Formula One (Auto Centre), Go Bowling, bp Filling Station, Salvation Army, Shimla Spice etc.
Description
The property comprises a substantial ground floor retail property (being part of a larger block of apartments), currently fully let, and occupied and trading as “Furniture City” together with car parking to the front of the premises. The Unit is currently producing a rent of £58,000 Plus VAT pa.
Accommodation
According to our measurements taken on site, the property offers the following net internal floor area of approx. 507.34 sqm (5,461 sqft)
Services
The property benefits from the provision of mains electric, water and drainage.
Please Note: None of these services have been tested and prospective tenants are advised to satisfy themselves as to their condition and type.
Outgoings
We understand the property to be assessed for Uniform Business Rates as follows:-
Description: Shop and Premises
Rateable Value: £28,000
From April 2026 the Rateable Value will be £31,250.
The Uniform Business Rate for 2025/2026 is 49.90 pence in the £.
Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.
Price
Offers in the Region of £475,000 Subject to Contract Plus VAT
Leases
The property is let under the terms of two coterminous leases, at a total current rent of £58,000 pa. The leases expire on 31 January 2032 and are subject to break options in favour of the tenant on 1 February 2027 (6 months prior notice in writing) and a single upward only rent review on 1 February 2027. Both leases are on Fri terms.
Tenure
The property is held on a 250-year lease, commencing 8 May 2013 (approx. 237 years remaining) without review. There is no rent payable, but a service charge in relation to the building is chargeable by the freeholder.
Legal costs
Each party to be responsible for their own legal costs incurred in the transaction
Energy performance certificate
The Energy Performance Certificate (EPC) rating for the property is:-
C – 67
VAT
The property is subject to VAT, although it seems like that this transaction would qualify as a togc, to VAT registered purchasers.
Anti-money laundering
In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser.
The property occupies a busy main road location, fronting onto Otley Road (A6038), the main arterial route, through Shipley Town Centre. To the south, is Bradford City Centre, and Otley Road also provides access through to Guiseley, Ilkley and beyond. Nearby occupiers include Formula One (Auto Centre), Go Bowling, bp Filling Station, Salvation Army, Shimla Spice etc.
Description
The property comprises a substantial ground floor retail property (being part of a larger block of apartments), currently fully let, and occupied and trading as “Furniture City” together with car parking to the front of the premises. The Unit is currently producing a rent of £58,000 Plus VAT pa.
Accommodation
According to our measurements taken on site, the property offers the following net internal floor area of approx. 507.34 sqm (5,461 sqft)
Services
The property benefits from the provision of mains electric, water and drainage.
Please Note: None of these services have been tested and prospective tenants are advised to satisfy themselves as to their condition and type.
Outgoings
We understand the property to be assessed for Uniform Business Rates as follows:-
Description: Shop and Premises
Rateable Value: £28,000
From April 2026 the Rateable Value will be £31,250.
The Uniform Business Rate for 2025/2026 is 49.90 pence in the £.
Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.
Price
Offers in the Region of £475,000 Subject to Contract Plus VAT
Leases
The property is let under the terms of two coterminous leases, at a total current rent of £58,000 pa. The leases expire on 31 January 2032 and are subject to break options in favour of the tenant on 1 February 2027 (6 months prior notice in writing) and a single upward only rent review on 1 February 2027. Both leases are on Fri terms.
Tenure
The property is held on a 250-year lease, commencing 8 May 2013 (approx. 237 years remaining) without review. There is no rent payable, but a service charge in relation to the building is chargeable by the freeholder.
Legal costs
Each party to be responsible for their own legal costs incurred in the transaction
Energy performance certificate
The Energy Performance Certificate (EPC) rating for the property is:-
C – 67
VAT
The property is subject to VAT, although it seems like that this transaction would qualify as a togc, to VAT registered purchasers.
Anti-money laundering
In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser.
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Monthly repayment
£2,376 per month
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