Land for sale in Shay Lane, Bradford BD9

Location

The property is situated at the end of Shay Lane, which provides access from Leylands Avenue/Leylands Lane, from Toller Lane, and Emm Lane. The land is to the rear of an established residential area.

Bradford City Centre is approx. 2.5 Miles to the South East.

Description

The property comprises an area of land extending to around 4.5 acres, let, and used by Bradford Salem rfc, as part of their sports ground, and the site of their clubhouse, and car park etc.

The buildings etc, were all constructed by the Club. The lease is based on an rpi rent review, which is due for a further rent review in June 2025

Services

The property is believed to benefit from the provision of mains 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.

Outgoings

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

Description: Sports Ground and Premises
Rateable Value: £12,000

The Uniform Business Rate for 2024/2025 is 54.60 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.

We understand that this assessment includes areas of the land, not within our client’s ownership.

Price

Offers in the Region of £180,000 Subject to Contract, and Subject to the occupational Lease of Bradford Salem rfc

There will be a restriction of the title, which, will allow the vendor to recover an overage in the event that planning permission is granted in the future, which will substantially enhance the value of the land.

Lease

The property is let to Bradford Salem Rugby Football Club Limited, under the terms of a 35 year lease from 1 June 2010, at a current passing rent of £3,920.39 (agreed June 2020 – which is subject to uncapped rpi Reviews each 5th year. Given the current level of rpi, its is expected that the rent will increase in 2025 to a figure over £5,160 pa Excl (potential buyers should make their own calculations)

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.

VAT

The property is registered for VAT, which will be chargeable on the sale price. In the event that the buyer qualifies, the sale could be undertaken as a Transfer of a Going Concern.

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.