Property Information
Address:
West Riding House, Cheapside, Bradford, Yorkshire
, BD1 4HR
, Yorkshire
, United Kingdom
Price: Buy: POA
Size: 29155 sq ft2709 sqm
Primary Category: Investment
All Categories:
Investment, Office,
Property Ref/Movehut: MH677190
Property Ref/Agent: 112813
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 15, 2024
Property description
EXCELLENT CITY CENTRE INVESTMENT OPPORTUITY
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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