Office to let in 2 Mill Street, Bradford BD1

Location

The property is situated at the junction of Mill Street and Canal Road, close to Bradford City Centre, in an established mixed retail, residential and commercial area, close to the new Broadway Shopping Centre. The property is conveniently situated near to Forster Square Retail Park and immediately adjacent to the “Bradford Central” Travelodge Hotel.

Forster Square Retail Park includes Sports Direct, dfs, Boots, Asda Living, Curry’s, McDonalds Restaurant etc. Nearby is the Head Office of Redcats UK and, the Broadway Shopping Centre provides approximately 500,000 square feet of retail space together with 3,500 car parking spaces and including tenants such as Marks & Spencer, Next etc. Together with a popular food hall etc

Description

The property comprises the basement of a substantial office/warehouse building, which has been converted to provide 73 residential units.

The lower ground floor accommodation has been refurbished to a high standard and includes the following features:

• dda Compliance, and short rise lift access
• Separate, good quality entrance from Mill Street
• Partitioning providing meeting areas, offices, break out spaces staff areas etc
• Modern toilet facilities
• Suspended ceilings etc

Accommodation

The offices provide a total area of approx. 395.77 sqm (4,260 sqft)

Business rates

The property is assessed for Uniform Business Rates as follows:-

Description: Offices & Premises

Rateable Value: £13,250

The Uniform Business Rate for 2021/2022 is 51.2 pence in the £.

Due to transitional relief provisions and personal circumstance of prospective tenants, interested parties are advised to check with the Local Rating Authority as to their current rates liability.

Lease

The property is offered to let by way of an assignment of the current lease, which expires in January 2027. There is a rent review due with effect from January 2022. The lease is on effectively full repairing and insuring terms.

Rent

The current passing rent is £21,500 pa Excl – subject to review as indicated above – plus VAT

Legal costs

The ingoing tenant is to be responsible for all parties’ legal costs incurred in the transaction.

VAT

All prices and rentals quoted are exclusive of any VAT liability – if applicable.

Energy performance certificate

The Energy Performance Rating for the property is C.

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