Retail premises for sale in Halifax Road, Low Moor, Bradford BD6

Location

The property occupies a prominent main road location, fronting onto Halifax Road (A6036) and is situated approximately 2½ miles south-west of Bradford City Centre. Halifax Road is the main thoroughfare linking the M606 Motorway, Odsal Top/Stadium, through to Shelf and subsequently to Halifax itself. There are therefore substantial volumes of passing vehicular traffic.

The property is located directly opposite the entrance to a large Tesco Superstore, with adjoining petrol filling station, electric vehicle charging point etc. Nearby is a large Coral Windows facility and other occupiers in the immediate vicinity include Raj’s, Trawler Fish & Chips, Stork Polish Off-Licence etc. The surrounding area is densely populated with large residential estates to the north and south. Bulmer & Lumb and their industrial estate together with Sonico Consumer Products are situated a short distance to the east.

On-street car parking is available to the front of the property and on the property forecourt.

Description

The property briefly comprises the site of a former public house building, which has been extended, converted and enlarged, to provide 3 new retail units and 4 duplex residential properties (2 bedroom) at the upper floor level. To the front of the property there is a car parking area for customers and, to the side/rear is further car parking/external areas. The property also includes a large basement area suitable for storage or alternative uses.

The retail units are now fully let, and producing a rental income of £30,000 pa Excl

Accommodation

The property briefly provides the following approximate net internal floor areas:-

Ground Floor
Shop Unit 1 59.00 sqm 635 sqft
Shop Unit 2 62.34 sqm 671 sqft
Shop Unit 3 61.22 sqm 659 sqft
Basement
Store 66.43 sqm 715 sqft
Living Accommodation
Flat 1 – First Floor 42.92 sqm 462 sqft
Second Floor 42.94 sqm 462 sqft
Flat 2 – First Floor 42.18 sqm 454 sqft
Second Floor 42.18 sqm 454 sqft
Flat 3 – First Floor 42.74 sqm 460 sqft
Second Floor 42.74 sqm 460 sqft
Flat 4 – First Floor 43.94 sqm 473 sqft
Second Floor 43.94 sqm 473 sqft

Car parking areas to the front, side and rear.

Rating assessment

The property will require reassessment for rating purposes.

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.

Tenancies

The three retail units have been let, on new leases, with tenants being Waggoners Deli Limited, Baby Glance Limited, and Blanco Beach Tanning Limited. Each tenant is paying an annual rent of £10,000 pa, equating to a total of £30,000 pa.

The flats remain vacant, having not been offered to let, to allow a purchaser to select their own tenants as appropriate.

Price

£650,000 subject to contract, and subject to the leases of the ground floor accommodation.

VAT

VAT will be charged at the prevailing rate - if applicable.

Legal costs

Each party to be responsible for their own legal costs incurred in the transaction.

Energy performance certificate

Energy Performance Certificates (EPC’s) for the entire development have been commissioned.