Retail premises for sale in 508 Thornton Road, Bradford BD8

Offers in region of £290,000 (£0.29/sq. ft)
Retail premises for sale 999,999 sq. ft*
Interested in this property? Call +44 1274 506504 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location


The property is situated fronting Thornton Road approximately 1 mile west of Bradford City Centre, approximately 200 metres west of the Outer Ring Road.

The surrounding area is a mix of commercial and residential with Morrisons Supermarket and The Range Superstore directly opposite.


Description


The property comprises a stone built former public house providing 3 ground floor retail units along with 2 first floor residential flats. In addition, the property benefits from planning consent for a 2-storey extension for further residential/retail accommodation. Further details upon request.

The property is currently producing a gross annualised income of £29,120 per annum.


Accommodation


Ground Floor

508A Thornton Road
(Arome Take-Away) 45.07 sqm (485 sqft)

508B Thornton Road
(Gents Barber) 59.20 sqm (637 sqft)

Unit 1 is accessed via Kensington Street – not measured

First Floor (UK Cheapest Doors)

Each of the first-floor flats consist of 2 bedrooms, living room, kitchen and bathroom.


Rating assessment


Each of the ground floor retail units will require reassessment for rating purposes.


Income information


508A Thornton Road is currently let to Hassan Zeb trading as Arome Take-Away under the terms of a Law Society Lease from September 2020 for a term of 5 years at a passing rental of £6,500 per annum.

508B Thornton Road is currently let to Arfan Arif trading as a gent’s barber under the terms of a Law Society Lease from October 2020 for a term of 5 years at a passing rental of £6,000 per annum.

Unit 1 Kensington Street is currently let to Abid Hussain trading as UK Cheapest Doors from September 2021 for a term of 5-years at a passing rent of £5,820 per annum.

Each of the first-floor flats are currently let on Assured Shorthold Tenancy Agreements at £450 per calendar month.

The total current gross rental income is £29,120 per annum.


Price


Offers in the region of £290,000 for the freehold interest subject to the occupational leases/tenancies.


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


The Energy Performance Certificate (EPC) rating for the property is:-


E
- 121



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

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Mark Brearley & Co, BD23 on +44 1274 506504 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mark Brearley & Co, and do not constitute property particulars. Please contact Mark Brearley & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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