Office for sale in Toller Lane, Bradford BD8

Location

The property is situated with excellent frontage to Toller Lane (B6144), at its junction with Upper Woodlands Road, approx. 1 mile northwest of Bradford City Centre.

Toller Lane, links into Duckworth Lane nearby, and there are many local retailers and occupiers represented nearby including Zurich Safe Deposits, Toller Lane Mini Market, Supreme Estate & Mortgages, Nafees Bakery and Pakistan Jewellers. On-street car parking is available on both Toller Lane, and nearby in Upper Woodlands Road.

Description

The property comprises a well-presented office suite, extending at ground floor level, to provide reception, and interview rooms, with further office accommodation, at first and second floor levels with staff facilities, and toilets, being fully let, and producing a rental of £22,100 pa Excl

There is also an additional area, part of which is let to Zurich Safe Deposits, and The Tuition Centre, producing a rental of around £24,350 pa (including average cash machine income) in total.

The building benefits from a corner entrance, and window frontage to Toller Lane.

Services

The property is understood to benefit from all mains services, none of which we have tested.

Business rates

The tenants are responsible for all business rates

Leases

Property Tenant Passing Rent Lease terms Comments
Ground Floor – 161A Toller Lane Zurich Safe Deposits Ltd £15,000 pa 5 years from 1 August 2021 – rent review 1 August 2023
No tenant break
Ground, First and Second Floor – 161 Toller Lane
ja 23 Limited £22,100 pa 5 years from 1 July 2023 New lease
First & second Floors – 256 Upper Woodland Road The Tuition Centre
£5,750 pa 3 year lease from 19 June 2019
Cash Machine Cardtronics UK Limited Average £300 pcm Income based on cash withdrawals

Price

£650,000 Subject to Contract, and subject to the three occupational leases, and cash machine agreement.

Legal costs

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

VAT

The property is not elected for VAT, and no VAT is chargeable on rent, or the purchase price.

Energy performance certificate

The Energy Performance Rating for the property is:-

C - 74

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.