20-32 Great Horton Road Bradford West Yorkshire BD7 1AL
20-32 Great Horton Road Bradford West Yorkshire BD7 1AL
Freehold Leisure Investment in University City
Part let to Whitbread plc until 2024
Situated on the main student thoroughfare in close proximity to Bradford College, University of Bradford, Wetherspoons and numerous other leisure operators
Prominent corner position in an area undergoing major regeneration
Bradford Gallery, City Hall, The Alhambra Theatre and The National Museum of Photography, Film & Television are all situated nearby
Lot 19
Auction 9th December 2010
Rent £66,825 per Annum Exclusive
Status Withdrawn Post
Price
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Situated on the main student thoroughfare in close proximity to Bradford College, University of Bradford, Wetherspoons and numerous other leisure operators
Prominent corner position in an area undergoing major regeneration
Bradford Gallery, City Hall, The Alhambra Theatre and The National Museum of Photography, Film & Television are all situated nearby
Lot 19
Auction 9th December 2010
Rent £66,825 per Annum Exclusive
Status Withdrawn Post
Price
Sector Leisure
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
9 miles north-east of Halifax
15 miles west of Leeds
20 miles south-west of Harrogate
Roads
A6177, M606 (Junction 3), M62 (Junction 26)
Rail
Bradford (direct to Leeds in approximately 20 minutes)
Air
Leeds Bradford International Airport
Situation
The property is situated in a prime position on Great Horton Road, adjacent to the junction with Prince's Way and opposite the Alhambra Theatre. Great Horton Street is the busy principal student thoroughfare between Bradford city centre and the nearby University campus. The area to the north and east of the property forms part of the New Victoria Place regeneration project which will include the formation of a City Park, which is currently nearing completion, and the redevelopment of the former Odeon Cinema adjacent to the property. As part of this redevelopment the Jury's Hotel has recently been completed.Additionally the area forms part of the city centre leisure circuit and is home to numerous leisure operators, including the famous Alhambra Theatre and the National Museum of Photography, Film & Television.
Tenure
Freehold.
Location
9 miles north-east of Halifax
15 miles west of Leeds
20 miles south-west of Harrogate
Roads
A6177, M606 (Junction 3), M62 (Junction 26)
Rail
Bradford (direct to Leeds in approximately 20 minutes)
Air
Leeds Bradford International Airport
Situation
The property is situated in a prime position on Great Horton Road, adjacent to the junction with Prince's Way and opposite the Alhambra Theatre. Great Horton Street is the busy principal student thoroughfare between Bradford city centre and the nearby University campus. The area to the north and east of the property forms part of the New Victoria Place regeneration project which will include the formation of a City Park, which is currently nearing completion, and the redevelopment of the former Odeon Cinema adjacent to the property. As part of this redevelopment the Jury's Hotel has recently been completed.Additionally the area forms part of the city centre leisure circuit and is home to numerous leisure operators, including the famous Alhambra Theatre and the National Museum of Photography, Film & Television.
Tenure
Freehold.
Description
The property comprises TWO SELF-CONTAINED PREMISES which were constructed in 1999. Unit 1 comprises a part Listed GROUND AND LOWER GROUND FLOOR FORMER NIGHTCLUB while Unit 2 comprises a GROUND FLOOR PUBLIC HOUSE/NIGHTCLUB. The property benefits from external terraces to the rear and access onto Quebec Street. As part of Unit 1 is Listed, no empty rates are currently paid by the Vendor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises TWO SELF-CONTAINED PREMISES which were constructed in 1999. Unit 1 comprises a part Listed GROUND AND LOWER GROUND FLOOR FORMER NIGHTCLUB while Unit 2 comprises a GROUND FLOOR PUBLIC HOUSE/NIGHTCLUB. The property benefits from external terraces to the rear and access onto Quebec Street. As part of Unit 1 is Listed, no empty rates are currently paid by the Vendor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Unit 2
Ground
Public House/Nightclub
473.81 sq m
(5,100 sq ft)
WHITBREAD PLC (1)(2)
25 years from 05/04/1999 until 04/04/2024 on a full repairing and insuring lease
£66,825
05/04/2014 and 5 yearly
Unit 1
Ground Lower Ground Lower Ground
Bar/Nightclub Ancillary Plant Room
890.94 sq m 312.25 sq m 54.08 sq m
(9,590 sq ft) (3,361 sq ft) (582 sq ft)
VACANT POSSESSION
Totals
1,731 sq m
(18,633 sq ft)
£66,825
(1) For the year ending 4th March 2010, Whitbread plc reported a turnover of £1,435,000,000, pre-tax profits of £208,000,000 and a total net worth of £957,000,000. (Source: www.riskdisk.com 02/11/2010)(2) Please note, the tenant has sub-let the property.
Contacts
Seller's Solicitors
Finers Stephens Innocent 179 Great Portland Street London W1W 5LS
