The property is situated at the junction of Duckworth Lane and Duckworth Terrace, being situated close to Bradford Royal Infirmary, Bradford Girls Grammar School, Lady Castle Nursey, St Edmunds Nursery School/Children’s Centre etc. Nearby occupiers in the immediate vicinity include Cake Box, Sahara Late Night Pharmacy, Barkerend Fisheries, UK Fried Chicken, Paddypower, Dil Pasand and Raja’s Pizza Bar.
On-street car parking is available nearby in Duckworth Terrace and St Leonards Road.
The property comprises a stone-built corner building, originally constructed as a bank, providing offices and residential accommodation at ground floor, residential accommodation at lower ground floor and further flats/apartments at first and second floor/attic level. The building provides a total of 7 residential units, together with a ground floor office and total gross annualised rental income currently of £44,520 per annum.
Externally, there is a car park to the rear and a forecourt to the front for additional car parking.
This accommodation, comprising reception, private offices, rear offices, staff areas etc., having a total net internal floor area of approximately 102.56 sq. M. (1,104 sq. Ft.)
Residential unit comprising bedsitting area with shower room
Lower Ground Floor
Residential Unit - comprising live-in kitchen area, bedroom & shower room.
Residential Unit - kitchen, living room, bathroom & bedroom.
Residential Unit - bedsitting room with kitchen area & shower room.
Residential Unit - bedsitting room with kitchenette area & shower room.
Residential Unit – bedsitting room with kitchenette area & shower room.
Residential Unit - 1-bedroom, bathroom, kitchen/living room etc.
The property is currently assessed for rating purposes as follows:-
Address: Ground Floor 74 Duckworth Lane, Bradford, BD9 5EZ
Description: Shop & Premises
Rateable Value: £7,500
The Uniform Business Rate for 2021/2022 is 51.2 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.
The residential elements of the property are assessed for Council Tax purposes as Band A.
The offices are let to Siddique Group Limited t/a K M Solicitors, who are holding over on an internal repairing and insuring lease at a current passing rental of £12,000 pa Excl.
The residential units are all let un Assured Shorthold Tenancy Agreements, at rentals of between £300 pcm, and £450 pcm.
A full schedule of tenancies and income is available upon request
The total current gross rental income is currently £44,520 per annum.
Offers are invited in the region on £575,000 subject to contract for the freehold interest subject of occupational leases/tenancies.
VAT will not be charged on the sale of the freehold interest
Each party to be responsible for their own legal costs incurred in the transaction.
The Energy Performance Rating for both the retail and residential areas is a C rating. EPC’s can be supplied upon application.
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