Pub/bar for sale in Market Street, Bradford BD1

Location

The property is situated in the heart of Bradford City Centre, with frontage to Market Street, close to its junction with Bridge Street/Sunbridge Road.

Nearby occupiers in the immediate vicinity include The Ginger Goose ph, Café Nero, Betfred, Skipton Building Society, Star Nails, First Choice Currency, and Himalayan Express. Car parking is available on-street in Sunbridge Road and also in the nearby Broadway Shopping Centre.

Description

The property comprises a ground floor former banking hall, last occupied as a public house, with associated kitchen area, toilet facilities etc.

There is a mezzanine level, with further seating, and toilets, and a first floor, providing an office, and two flats utilised for staff accommodation.

The freehold also includes the 2nd to 6th floors which have been converted to flats and let on a ground lease.

Accommodation

According to our measurements taken on site, the property offers the following net internal floor areas:-

Ground Floor

Bar Area 153.10 sqm (1,648 sqft)
Kitchen 24.99 sqm (269 sqft)
Toilets 31.59 sqm (340 sqft)
Ancillary 23.04 sqm (248 sqft)

Mezzanine

Seating Area 88.44 sqm (952 sqft)
Toilets 22.76 sqm (245 sqft)

First Floor

Office 7.62 sqm (82 sqft)
2 X Flats (staff accommodation)

Basement

Cellar 55.83 sqm (601 sqft)

Rating assessment

The property is currently assessed for rating purposes as follows:-

Description: Public House and Premises
Rateable Value: £23,000

The Uniform Business Rate for 2023/2024 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.

Lease

The property is offered to let on a new full repairing and insuring lease for a term to be agreed.

Rental

£35,000 per annum exclusive payable quarterly in advance – subject to lease. Plus VAT

Sale price

£325,000 Subject to Contract Plus VAT – to include the upper floors, which are let on a 200-year ground lease from January 2002 at a rent of £2,500 pa (without review).

VAT

The property is elected for VAT, which will be charged on the rent or purchase price.

Legal costs

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

Energy performance certificate

An Energy Performance Certificate (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 tenant.