FOR SALE - Carter Towler
FOR SALE MODERN INDUSTRIAL ESTATE INVESTMENT
· · · · · ·
Well established industrial location Comprising 10 small industrial units built in 3 terraces Providing a total of 14,329 sq ft gross internal Fully let and producing £79,435 per annum Good scope for rental growth Attractive yield
WEST BRADFORD INDUSTRIAL PARK BARNES ROAD BRADFORD BD8 9TE
WEST BRADFORD INDUSTRIAL PARK BARNES ROAD BRADFORD BD8 9TE LOCATION Bradford forms part of the West Yorkshire urban area (population 1.5 million) which is the fourth largest urban area in the UK. It is located some 9 miles west of Leeds, 16 miles north west of Wakefield and 35 miles north east of Manchester.
SITUATION This well established industrial park is located on Barnes Road, just off Thornton Road, approximately three miles west of Bradford city centre. The estate is approximately two miles to the north west of the M606 which provides good access to the M62/M1 motorway network. Access to Barnes Road is via Wallis Street and Cemetery Road.
DESCRIPTION The industrial park is constructed in three terraces, two of which are built in parallel and front onto a large shared service yard and with the third terrace, which comprises two semi detached units with their own shared service yard. The accommodation comprises a series of small industrial units, which are single storey and of steel portal frame construction with pitched insulated cement asbestos roofs. The walls are clad in cavity brick and blockwork with insulated modern profile metal sheeting above. Each unit has a parking area to the front, and metal roller shutter loading door and eaves height of approximately 15ft. The property also includes the site of a telecoms tower located adjacent to Unit 9 which is let to Orange Personal Communications and provides useful extra income. The area of the site is approximately 1.16 acres or thereabouts. The estate is fully secure with metal palisade security fencing and gates to the perimeter.
ACCOMMODATION / TENANCIES The attached schedule outlines the relevant accommodation and tenancy details.
WEST BRADFORD INDUSTRIAL PARK BARNES ROAD BRADFORD BD8 9TE
TENURE Long leasehold. The property is held on a 125 year lease from Bradford Council from 1 April 1981 at a fixed annual rental of one peppercorn.
PRICE We are instructed to seek offers in excess of £750,000 subject to contract. A purchase at £750,000 would show the buyer a net initial return of 10.05% (after allowing for purchasers costs of 5.35%).
VAT The property is elected for VAT purposes.
ENERGY PERFORMANCE CERTIFICATES Energy Performance Certificates have been commissioned for the units and are available on request from the selling agents.
FURTHER INFORMATION / VIEWING Please contact David Towler Tel: 0113 245 1447 [email protected] (Ref: CDT.SC.17601) Details prepared September 2017
WEST BRADFORD INDUSTRIAL ESTATE BARNES ROAD BRADFORD BD8 9TE
WEST BRADFORD INDUSTRIAL PARK, BRADFORD
UNIT
TENANT
AREA SQ.FT.
LEASE TERM
LEASE START
LEASE EXPIRY
RENT P.A.
RENT REVIEWS
£8,550
RENT PER SQ.F.T (£) 4.75
3 yrs
01/05/2017
30/04/2020
-
Rent deposit of £2,138 held
Rent deposit of £1,625 held Tenant break clause 16/12/2018. 3 months notice Rent deposit of £1,500 held
1
Kane Family Funerals Limited
1,800 sq ft
2
Torque Technics Limited
890 sq ft
3 years
16/06/2017
16/06/2020
£6,500
7.30
-
3
P D Hanson t/Phat Wheels Absolute Associates Limited
890 sq ft
3 years
01/05/2017
30/04/2020
£6,000
6.74
-
890 sq ft
3 years
24/06/2017
23/06/2020
£7,000
7.86
-
4
COMMENTS
5
G L John & J M John t/a RTC Transport
1,819 sq ft
3 years
14/08/2017
15/08/2020
£8,000
4.40
-
6
CLS Identification Limited G&MC Fabrications Limited G&MC Fabrications Ltd Wilsons Truck Wash Ltd
2,065 sq ft
3 years
25/03/2015
24/03/2018
£9,975
4.83
-
1,010 sq ft
25/07/2017
30/06/2020
£4,500
4.45
-
2,060 sq ft
2 yrs 11 mths 6 days 3 years
Rent deposit of £1,750 held Tenant break clause 24/12/2018. 3 months notice Tenants break clause 14/1/19. 3 months notice. Rent deposit of £2,000 held Tenant break clause 25/3/2017. Not exercised Rent deposit of £1,125 held
24/06/2017
23/06/2020
£9,250
4.49
-
Rent deposit of £2,312.50 held
1,465 sq ft
3 years
24/06/2017
23/06/2020
£6,500
4.44
-
10
CLS Identification Ltd
1,440 sq ft
3 years
25/03/2015
24/03/2018
£6,950
4.83
-
11
Orange Personal Communications
10 years
28/04/2009
27/04/2019
£6,210.22
-
5 yearly
Tenant break clause 24/6/2018 and 24/6/2019. 3 months notice Tenants break clause 25/3/2017. Not exercised Tenant has rolling 3 monthly break option – with one year’s penalty. Rent reviews by reference to RPI
7 8 9
Total 14,329 sq ft
Total: £79,435.22
The leases are on effectively full repairing and insuring terms by way of service charge
· · · · · ·
Well established industrial location Comprising 10 small industrial units built in 3 terraces Providing a total of 14,329 sq ft gross internal Fully let and producing £79,435 per annum Good scope for rental growth Attractive yield
WEST BRADFORD INDUSTRIAL PARK BARNES ROAD BRADFORD BD8 9TE
WEST BRADFORD INDUSTRIAL PARK BARNES ROAD BRADFORD BD8 9TE LOCATION Bradford forms part of the West Yorkshire urban area (population 1.5 million) which is the fourth largest urban area in the UK. It is located some 9 miles west of Leeds, 16 miles north west of Wakefield and 35 miles north east of Manchester.
SITUATION This well established industrial park is located on Barnes Road, just off Thornton Road, approximately three miles west of Bradford city centre. The estate is approximately two miles to the north west of the M606 which provides good access to the M62/M1 motorway network. Access to Barnes Road is via Wallis Street and Cemetery Road.
DESCRIPTION The industrial park is constructed in three terraces, two of which are built in parallel and front onto a large shared service yard and with the third terrace, which comprises two semi detached units with their own shared service yard. The accommodation comprises a series of small industrial units, which are single storey and of steel portal frame construction with pitched insulated cement asbestos roofs. The walls are clad in cavity brick and blockwork with insulated modern profile metal sheeting above. Each unit has a parking area to the front, and metal roller shutter loading door and eaves height of approximately 15ft. The property also includes the site of a telecoms tower located adjacent to Unit 9 which is let to Orange Personal Communications and provides useful extra income. The area of the site is approximately 1.16 acres or thereabouts. The estate is fully secure with metal palisade security fencing and gates to the perimeter.
ACCOMMODATION / TENANCIES The attached schedule outlines the relevant accommodation and tenancy details.
WEST BRADFORD INDUSTRIAL PARK BARNES ROAD BRADFORD BD8 9TE
TENURE Long leasehold. The property is held on a 125 year lease from Bradford Council from 1 April 1981 at a fixed annual rental of one peppercorn.
PRICE We are instructed to seek offers in excess of £750,000 subject to contract. A purchase at £750,000 would show the buyer a net initial return of 10.05% (after allowing for purchasers costs of 5.35%).
VAT The property is elected for VAT purposes.
ENERGY PERFORMANCE CERTIFICATES Energy Performance Certificates have been commissioned for the units and are available on request from the selling agents.
FURTHER INFORMATION / VIEWING Please contact David Towler Tel: 0113 245 1447 [email protected] (Ref: CDT.SC.17601) Details prepared September 2017
WEST BRADFORD INDUSTRIAL ESTATE BARNES ROAD BRADFORD BD8 9TE
WEST BRADFORD INDUSTRIAL PARK, BRADFORD
UNIT
TENANT
AREA SQ.FT.
LEASE TERM
LEASE START
LEASE EXPIRY
RENT P.A.
RENT REVIEWS
£8,550
RENT PER SQ.F.T (£) 4.75
3 yrs
01/05/2017
30/04/2020
-
Rent deposit of £2,138 held
Rent deposit of £1,625 held Tenant break clause 16/12/2018. 3 months notice Rent deposit of £1,500 held
1
Kane Family Funerals Limited
1,800 sq ft
2
Torque Technics Limited
890 sq ft
3 years
16/06/2017
16/06/2020
£6,500
7.30
-
3
P D Hanson t/Phat Wheels Absolute Associates Limited
890 sq ft
3 years
01/05/2017
30/04/2020
£6,000
6.74
-
890 sq ft
3 years
24/06/2017
23/06/2020
£7,000
7.86
-
4
COMMENTS
5
G L John & J M John t/a RTC Transport
1,819 sq ft
3 years
14/08/2017
15/08/2020
£8,000
4.40
-
6
CLS Identification Limited G&MC Fabrications Limited G&MC Fabrications Ltd Wilsons Truck Wash Ltd
2,065 sq ft
3 years
25/03/2015
24/03/2018
£9,975
4.83
-
1,010 sq ft
25/07/2017
30/06/2020
£4,500
4.45
-
2,060 sq ft
2 yrs 11 mths 6 days 3 years
Rent deposit of £1,750 held Tenant break clause 24/12/2018. 3 months notice Tenants break clause 14/1/19. 3 months notice. Rent deposit of £2,000 held Tenant break clause 25/3/2017. Not exercised Rent deposit of £1,125 held
24/06/2017
23/06/2020
£9,250
4.49
-
Rent deposit of £2,312.50 held
1,465 sq ft
3 years
24/06/2017
23/06/2020
£6,500
4.44
-
10
CLS Identification Ltd
1,440 sq ft
3 years
25/03/2015
24/03/2018
£6,950
4.83
-
11
Orange Personal Communications
10 years
28/04/2009
27/04/2019
£6,210.22
-
5 yearly
Tenant break clause 24/6/2018 and 24/6/2019. 3 months notice Tenants break clause 25/3/2017. Not exercised Tenant has rolling 3 monthly break option – with one year’s penalty. Rent reviews by reference to RPI
7 8 9
Total 14,329 sq ft
Total: £79,435.22
The leases are on effectively full repairing and insuring terms by way of service charge
