Leisure/hospitality for sale

Westgate, Bradford BD1

Situation

The premises are situated at ground floor level within High Point, one of the City’s most recognisable landmark buildings.

The accommodation has multiple frontages but with its principal frontage onto Westgate, a busy vehicular thoroughfare on the north western periphery of Bradford City Centre and adjacent to the Goitside Conservation Area, where a number of former mill buildings have been converted to residential apartments.

Opposite, is the Council owned Oastler Centre which, together with adjoining sites has been earmarked for “Bradford’s Urban Village”. All City Centre amenities are within walking distance, as are the University of Bradford/Bradford College Campuses.
Property/accommodation

The commercial unit is situated at ground floor level within this landmark building known as Highpoint (and once the home of Yorkshire Building Society HQ), the upper floors of which have been tastefully converted to provide 87 upmarket apartments operated by Radii, where we understand occupancy levels are high.

The premises provide the following approximate accommodation:
Ground floor - 380.0 sq M (4090 sq ft)
Basement - 70.0 sq m (753 sq ft)

Outside
The potential for external seating area.
Secure parking for 6 vehicles
Rating

The accommodation will be assessed for rating purposes upon occupation.

Parties are advised to check with the local Rating Authority as to the precise current rates liability.
Rent / lease

The property is available to let upon a new effective full repairing (with a service charge) and insuring lease for a term to be agreed and incorporating upwards only rent reviews at a quoting rent of £55,000 per annum exclusive-Subject to Lease.
Guide sale price

£595,000 for the Long Leasehold interest (envisaged to be a 999 year lease at a peppercorn rental with service charge).
Invest in bradford

Bradford Council run various schemes which may offer help and support. For further information please contact Invest in Bradford
Legal costs

Each party to be responsible for their own legal costs in this transaction
VAT

We are advised by our clients that VAT is not chargeable upon the rent / sale price however they reserve the right to do so if appropriate.
Energy performance certificate

An Energy Performance Certificate has been commissioned.