Property for sale
Property description & features
- Tenure: Freehold
REAL DEVELOPMENT/ASSET MANAGEMENT POTENTIAL
Mixed-use Investment opportunity located in Bradford City Centre, winner of the City of Culture 2025.
Bradford boasts a significant economy valued at £11.6 billion, positioning it as the tenth largest city economy in England.
Accommodation comprises six ground floor retail units totalling 7,500 sq ft (696.76 sq m) and 21,851 sq ft (2,030.00 sq. m.) of office accommodation over eight upper storeys, plus a car parking deck.
Fully let ground floor and well-let uppers with excellent occupational history.
Average net rents on the office accommodation equate to £10.61 based off 21,851 sq ft office space.
The office accommodation is near capacity with regular requests for further accommodation from existing tenants and prospective tenants, offering excellent potential for rental growth.
We are instructed to seek offers in the region of £2,375,000 (Two Million, Three Hundred and Seventy
Five Thousand Pounds) subject to contract, and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 12.59% and attractive low capital value of
£80.91 per sq ft.
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Property reference 112813FH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Avison Young - Investment.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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