McColl's Convenience Store 14 Mornington Road Bingley, Near Keighley West Yorkshire BD16 4NL

McColl's Convenience Store
14 Mornington Road
Bingley, Near Keighley
West Yorkshire
BD16 4NL

Freehold Retail and Residential Investment

Let to Martin McColl Limited on a 20 year lease until 2032
2% per annum compounded fixed rental increases
Six Week Completion Period Available

Lot
8
Auction
21st March 2013
Rent
£23,000 per Annum Exclusive
Status
Sold
Price
£321,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Freehold Retail and Residential Investment

Let to Martin McColl Limited on a 20 year lease until 2032
2% per annum compounded fixed rental increases
Six Week Completion Period Available

Lot 8
Auction 21st March 2013
Rent £23,000 per Annum Exclusive
Status Sold
Price £321,000
Sector
Supermarket/Convenience
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 6 miles north-west of Bradford, 15 miles north-west of Leeds
Roads: A650, A6177, M606 (Junction 3)
Rail: Bingley Rail Station
Air: Leeds Bradford International Airport

Situation

Bingley is a busy market town situated on the River Aire. The property has a prominent corner location in a densely populated area on the north side of Mornington Road at its junction with Percy Street, within close proximity to Priestthorpe Primary School.

Tenure

Freehold.

Location

Miles: 6 miles north-west of Bradford, 15 miles north-west of Leeds
Roads: A650, A6177, M606 (Junction 3)
Rail: Bingley Rail Station
Air: Leeds Bradford International Airport

Situation

Tenure

Freehold.

Description

The property, an attractive end of terrace building, comprises ground floor retail accommodation and basement ancillary accommodation. The upper floors comprise a self-contained four room flat. The entire property benefits from a recent refurbishment
programme.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Basement Ground First Second	Retail Retail Residential Residential	138.17 sq m	(1,494 sq ft)	MARTIN MCCOLL LIMITED (1)	20 years from 08/05/2012 until 2032 on a full repairing and insuring lease	£23,000	08/05/2012 and 5 yearly (2)
Total Commercial Floor Area		138.17 sq m	(1,494 sq ft)			£23,000

(1) For the year ending 27th November 2011, Martin McColl Limited reported a turnover of £380,485,000, a pre-tax profit of £18,068,000 and a total net worth of £100,676,000. (Source www.riskdisk.com (15/01/2013)
(2)The lease provides for 5 yearly rent reviews with fixed rental increases at 2% per annum compounded.