Office for sale in Ashley Lane, Shipley BD17

Location

Festival Buildings occupies an excellent position adjacent to the Leeds and Liverpool Canal, in an area of significant regeneration which also includes Salts Wharf, Mercury Quays, Merchants Quay etc. It is very close to Salts Mill, The Waterfront and major occupiers nearby include Incommunities, Ortho-Care (UK), Jack Penningtons, Cob & Jagger Ducatetc.

The location is convenient with good vehicular access from Otley Road (A6038), Saltaire Road (A657) and is close to Bingley Road/Bingley By-Pass (A650).

The property is a short distance to Shipley Train Station and is very accessible by bicycle along the canal tow path and also from Saltaire.

Description

Festival Building was a development undertaken by Radical Properties Ltd. And was reconstructed in the early 2000’s to provide high quality office accommodation, with on-site car parking and was divided into seven units.

The building has excellent common areas with shared male and female toilet facilities at ground and first floor levels, a “short-rise lift” and a tea/coffee point at both ground and first floor levels.

Occupiers in Festival Building include Intouch Advance, Rushton’s Insolvency (Accountants) and “The Other Person” an advertising agency.

Accommodation

The unit is located at ground floor level. It extends to a total net internal floor area of 133.04 sqm (1,432 sqft) and has the benefit of three car parking spaces.

Services

Each of the units benefit from the provision of all mains services to include gas, electric, water and mains drainage. Each office suite benefits from a gas fired central heating system with hot water to relevant kitchenette and WC’s.

Please Note: None of these services have been tested and prospective tenants are advised to satisfy themselves as to their condition and type.

Service charge

In addition to the rentals quoted a service charge will be levied in respect of maintenance and upkeep of the communal areas within the estate further details of which are available on application.

The current service charge for the unit is £5,655.30 plus VAT

Business rates

We understand the property to be assessed for Uniform Business Rates as follows:-

Description: Offices and Premises
Rateable Value: £13,500

The Uniform Business Rate for 2022/2023 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.

Tenure

The property is held on a long lease, for 125 years, from 3 August 2007 (expiring August 2132), at a current ground rent of £3,204.92 pa Plus VAT.

Legal costs

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

VAT

The property is elected for VAT, and VAT will be chargeable on the rent, and service charges etc. Rentals quoted are exclusive of any VAT liability – if applicable.

Energy performance certificate

An EPC has been commissioned.

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