Property photos
£325,000
(£75.53/sq. ft)
Leisure/hospitality for sale
Market Street, Bradford BD14,303 sq. ft
Local area information
Property location
Nearby amenities
- Bradford Interchange 0.2 miles
- Bradford Forster Square 0.2 miles
- Training and Skills Centre (SEN) 0.5 miles
- Rainbow Primary School 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Bradford to find out more about the local area.
Features and description
Situation
The premises are situated in an improving City Centre location within Bradford City Centre fronting onto the recently pedestrianised Market Street in close proximity to City Park / City Hall, main bus / train station and the popular Broadway Shopping Centre (at the end of Market Street).
The property is well positioned to take advantage of the year long events proposed as part of Bradford’s City of Culture 2025 celebrations.
Property/accommodation
The property comprises an attractive 5/6 storey stone built property, part of which is fitted out to provide a high quality bar (see “Lease Details” below).
Please see brochure for floor areas.
Rating
A search of the Valuation Office website reveals that the property has the following Rateable Values:
Rateable Value: £18,250
Rates Payable (approx.): £7,555
Parties are advised to check with the local Rating Authority as to the precise current rates liability.
Lease details
The property (basement, ground, mezzanine and first floors) have been let to Westgate Bradford Ltd on a 5 year lease having commenced September 2024 on an effective full repairing (with service charge) and insuring Lease on an increasing rent (year 1—£30,000 pa; year 2—£33,000 pa; years 3 to 5—£35,000 pa.
The upper floors have been sold on a ground lease.
Sale price
Offers in the region of £325,000 are sought for the Freehold interest (subject to the terms of the existing Leases). A sale at this level shows a year 1 return of 9.2% increasing to 10.8% in year 3.
Bradford city centre growth zone
We believe the premises are situated within the Growth Zone and as such, the occupier of the premises may be eligible for financial assistance. For further information please contact Invest in Bradford
Legal costs
Each party to be responsible for their own legal costs in this transaction.
VAT
Our clients advise that VAT will not be chargeable on the sale price although they reserve the right to do so, if appropriate.
Energy performance certificate
An Energy Performance Certificate has been commissioned.
The premises are situated in an improving City Centre location within Bradford City Centre fronting onto the recently pedestrianised Market Street in close proximity to City Park / City Hall, main bus / train station and the popular Broadway Shopping Centre (at the end of Market Street).
The property is well positioned to take advantage of the year long events proposed as part of Bradford’s City of Culture 2025 celebrations.
Property/accommodation
The property comprises an attractive 5/6 storey stone built property, part of which is fitted out to provide a high quality bar (see “Lease Details” below).
Please see brochure for floor areas.
Rating
A search of the Valuation Office website reveals that the property has the following Rateable Values:
Rateable Value: £18,250
Rates Payable (approx.): £7,555
Parties are advised to check with the local Rating Authority as to the precise current rates liability.
Lease details
The property (basement, ground, mezzanine and first floors) have been let to Westgate Bradford Ltd on a 5 year lease having commenced September 2024 on an effective full repairing (with service charge) and insuring Lease on an increasing rent (year 1—£30,000 pa; year 2—£33,000 pa; years 3 to 5—£35,000 pa.
The upper floors have been sold on a ground lease.
Sale price
Offers in the region of £325,000 are sought for the Freehold interest (subject to the terms of the existing Leases). A sale at this level shows a year 1 return of 9.2% increasing to 10.8% in year 3.
Bradford city centre growth zone
We believe the premises are situated within the Growth Zone and as such, the occupier of the premises may be eligible for financial assistance. For further information please contact Invest in Bradford
Legal costs
Each party to be responsible for their own legal costs in this transaction.
VAT
Our clients advise that VAT will not be chargeable on the sale price although they reserve the right to do so, if appropriate.
Energy performance certificate
An Energy Performance Certificate has been commissioned.
More information
Listed by
Sharma Williamson
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