Restaurant/cafe for sale in 1362 Leeds Road, Bradford BD3

£1,100,000 (£185.37/sq. ft)
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Restaurant/cafe for sale 5,934 sq. ft*

Property description

Situation


The premises occupy a prominent location on Leeds Road (A647) forming part of Bradford’s prime “Curry Mile”.

Leeds Road is particularly favoured by restaurants / food outlets, high quality clothing boutiques and niche retailers.

Long established occupiers in the immediate vicinity include Shandaar, Rehman Designer Wear, Akbars (Café) and Bab Tooma Persian Restaurant.


Property/accommodation


The property comprises a substantial stone built flagship restaurant of 2 storey construction and extended to create a feature full width glazed elevation and first floor dining terrace.

The premises are arranged to provide an upmarket ground floor dining area with feature conservatory and fully fitted catering kitchen. The first floor comprises a dessert parlour with bi-folding doors opening onto a private terrace/ Sheesha lounge .

The premises provide the following approximate floor areas.

Ground floor
Entrance lobby, seating area, conservatory, preparation kitchen and disabled WC. 270.5 sq m 2,912 (sq ft)

Basement
Store / wash area 11.8 sq m 127 sq ft
Walk-in fridge and freezer - -

First floor
Additional dining area / dessert parlour with private terrace Sheesha lounge, male / female WCs, office, store and staff facilities. 268.9 sq m 2,895 sq ft


Lease


The entire premises have been let by way of a full repairing and insuring Lease for a term of 15 years, having commenced in September 2014 (expiring September 2029). The Lease incorporates 5 yearly rent reviews (last reviewed in September 2019). The current rent received is £78,000 pax.


Sale price


£1.1M – Subject to Lease, VAT (at the standard rate) and the existing Lease.

A purchase at this level shows the purchaser an investment yield of approx. 7%


Legal costs


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


VAT


We are advised that the sale will be subject to VAT applied at the standard rate, although it is envisaged that the transaction may be treated as a togc (subject to appropriate advice).


Energy performance certificate


An Energy Performance Certificate has been commissioned.

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
Sharma Williamson, LS28 on +44 1274 506652 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sharma Williamson, and do not constitute property particulars. Please contact Sharma Williamson 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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