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Mixed Use Investment In Popular Bradford Location

860-862 Leeds Road, Bradford, BD3 8EZ
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Property description

This attractive investment property consists of a large freehold double fronted shop unit that is trading as a dessert bar with residential accommodation above. There is a separate access point at the side of the building which can lead you directly into the flat above via the stairs. The property above consists of 9 rooms, which is currently let out to the tenants on the downstairs who are using this as a storage area. There is a total of 3 years remaining on the lease for the building and the total income stands at 25k per annum, although we have been advised the market value is more greater than this. The Freehold being offered is an end of terraced property situated in the heart of a busy location, with lots of foot flow and atmosphere. There are many other amenities nearby, including local bars, restaurants and good transportation available.

Accommodation

Double Shopfront, Kitchen, Bathroom, Upstairs Rooms (9), Basement rooms (2)

Tenure

Freehold

Local Authority & Tax Rating

City Of Bradford Metropolitan District Council - 01274 432111 Rateable Value £12,250 Council Tax Rating for above commercial - B

Viewing Times

Opening times for commercial premises - 1pm - 12am all days except Monday For extensive access - refer to Auctioneers

Other key info

Tenure: Freehold

Maps

Traditional auction

Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.

* Pricing information

The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Bamboo Auctions and Phillip Arnold Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.

Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.

Disclaimer

All information relating to this property, including descriptions, pictures and other related information has been provided by Phillip Arnold Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.

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