Retail premises for sale in Undercliffe Road, Bradford BD2

Location

The subject property is located fronting Undercliffe Road in Undercliffe itself, close to its junction with Manor Street and Manor Terrace in a predominantly residential area approximately 1½ miles north-east of Bradford City Centre.

Undercliffe Road runs parallel with Idle Road and connects with Harrogate Road (A658) and Bolton Road.

Although the surrounding area is predominantly residential, there are a number of commercial users close-by including Milners Arms, W Collinson & Son etc.

Description

The property comprises a substantial traditionally constructed end terrace with a tenanted photographers studio and first floor residential flat, plus vacant former cafe.

The property produces a total gross annualised income of £9,000 per annum.

Accommodation

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

128 Undercliffe Road (Photographers Studio)

Ground Floor

Retail / Studio 18.45 sqm (199 sqft)

Basement

Stores and kitchenette 43.70 sqm (470 sqft)

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130 Undercliffe Road (Café)

Ground Floor

Serving area and kitchen 26.88 sqm (289 sqft)

Seating area 19.65 sqm (212 sqft)

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128A Undercliffe Road (Residential Flat)

Comprising 2 bedrooms, kitchen/diner, living room and bathroom.

Tenancies

The passing rental of the photography studio is £250 per month inclusive of VAT.

The first floor residential flat is currently let under the terms of an AST at a rental of £500 per calendar month.

Services

The property benefits from the provision of mains gas, electric, water and drainage.

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

Rating assessment

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

128 Undercliffe Road, Bradford

Description: Shop and Premises
Rateable Value: £3,600

130 Undercliffe Road, Bradford

Description: Café and Premises
Rateable Value: £8,700

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.

The residential element is assessed for Council Tax Purposes as Band A.

Price

£250,000 Subject to contract and subject to the current occupational tenancy agreements.

Legal costs

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

Energy performance certificate

The Energy Performance Certificate (EPC) ratings for the property are:-

128 Undercliffe Road - D 99

130 Undercliffe Road - D 83

128A Undercliffe Road (Flat) - E 48

VAT

VAT to be charged at the prevailing rate – if applicable.

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