Retail premises to let in Commerce House - 24 Kirkgate, Bradford BD1

£45,000 pa (£9.08/sq. ft. pa)
Retail premises to let 4,956 sq. ft*
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Property description

Location


The property occupies a prominent high-profile corner location, at the junction of Kirkgate and Cheapside, within the main retailing and business core of Bradford City Centre. The property is more particularly located close to one of the main entrances to the Broadway Shopping Centre, is immediately opposite the main city centre Barclays Bank and across the road from the Midland Hotel. Nearby is the large and recently refurbished National Westminster Bank and Forster Square Train Station is also nearby.

Many major local and national retailers are located in the immediate vicinity, together with a large number of buildings recently refurbished for residential accommodation.


Description


The property comprises a Grade II listed purpose-built banking hall, together with basement storage and upper floor office accommodation. The building has ornate facades to Kirkgate and Cheapside, and provides ground floor reception/banking hall area, with private offices and separate internal mezzanine providing additional office accommodation, basement storage and well refurbished first and second floor office accommodation, together with further staff accommodation at second floor level.

The building incorporates electric night storage heaters, feature lighting, floor boxes and underfloor trunking, and is currently fully carpeted.


Accommodation


We calculate the property to have the following approximate net internal floor areas:-

Ground Floor

Former Banking Hall 103.03 sq. M. (1,109 sq. Ft.)

Mezzanine

Offices 49.05 sq. M. (528 sq. Ft.)

Basement

Stores/Staff 84.54 sq. M. (910 sq. Ft.)

First Floor

Offices 93.00 sq. M. (1,001 sq. Ft.)

Second Floor

Offices 93.00 sq. M. (1,001 sq. Ft.)

Third Floor

Staff Area 37.81 sq. M. (407 sq. Ft.)
_________________________
Total Net Internal Floor
Area Approx. 460.42 sq. M. (4,956 sq. Ft.)
_________________________


Rating assessment


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

Description: Offices & Premises
Rateable Value: £14,250

The Uniform Business Rate for 2018/2019 is 49.3 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.


Planning


Planning consent has been granted for change of use of the property for A1, A2, A3 and A4 uses at ground floor and mezzanine levels and for conversion of the upper floors to provide 5 residential apartments. Further information available upon request.


Lease


The property is offered to let on a new full repairing and insuring lease for a term to be agreed incorporating regular upward only rent reviews.


Rental


£45,000 per annum exclusive.

Consideration would be given to separate letting of the ground floor/basement area and/or the upper floor accommodation. Rentals/details upon request.


Price


Our clients would consider a sale of the freehold property and we are instructed to seek offers in the region of £575,000 Subject to Contract for the freehold interest with full vacant possession – Plus VAT.


VAT


The rent and sale price would be subject to VAT at the usual rate.


Legal costs


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


Energy performance certificate


The Energy Performance Rating for this property is:-


G
- 166

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Mark Brearley & Co, BD23 on +44 1274 506504 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mark Brearley & Co, and do not constitute property particulars. Please contact Mark Brearley & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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