*Guide | £700,000 (plus fees)
- Commercial Property
- Tenure: See Legal Pack
Call the team on 01772 772450 for more information
Multi-Let Retail Parade Investment Producing £83,000 pa – Anchored By Morrisons Daily C-Store
Not yet inspected by Auction House, however understood to be a retail parade investment of ground floor units. The property is currently let as follows:- (floor areas taken from VOA) 44 Duckworth Lane – 506.19 m2 / 5,449 sq.ft. - let to PARRYS SUPERMARKETS LIMITED (Co. Regn. No.06482614) (Morrisons Daily C-Store) – £42,000 pax. The lease runs until May 2041. Unit 1 – 199.19 m2 / 2,144 sq.ft. – Miss Pennys Bargain Store – proposed new lease terms on unit at £22,000 pax for 15 years (no breaks) and 5 yearly rent reviews. Additional lease for storage area at £3,000 pax. There is a 12 month rent free period for tenant improvements. Unit 2 – 110.62 m2 / 1,191 sq.ft. – Takeaway – Current rent £16,000 pax, believed to be holding over but in negotiations to renew. Externally there is a customer car park to the side. Please see legal pack for copies of the leases. NB The first floor (and roof) are not included in the sale. The units are prominently located on the north side of Duckworth lane, close to the junction with Toller Lane (B6144), approximately 1.5 miles north west of Bradford City Centre. Tenure: Part Freehold, Part Long Leasehold Title number: WYK139728 Length of Lease/Term: leasehold – new 250 years Ground Rent : £ Service Charge: £ Council Tax Band : Local Authority: Bradford Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/
Tenure
See Legal Pack
IMPORTANT INFORMATION
Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Energy Efficiency Rating (EPC)
Current Rating Morrisons Daily, 44 Duckworth Lane – B Units 1 & 2 on order
Local Authority
Bradford Metropolitan District Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 2.75% inc VAT of the purchase price, subject to a minimum of £2750 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
