Tenants include Yorkshire Building Society and Yorkshire Housing Limited
Well located on Bradford Ring Road (A6177)
Approximately 1,130.70 sq m (12,171 sq ft)
Car parking for approximately 68 cars, providing a car parking ratio of 1:179
Nearby occupiers include McDonald’s, Marks and Spencer, Toby Carvery, LPS Solicitors, Morrisons and Asda
Future redevelopment potential (subject to consents)
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
Lot 6
Auction 11th December 2014
Rent £95,000 per Annum Exclusive
Status Sold
Price £630,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Fixed Charge Receivers
Property Information
Location
Miles
2½ miles south of Bradford City Centre
9 miles south-west of Leeds
Roads
A6177, A650, M606 (Junction 3), M62 (Junction 26)
Rail
Bradford Interchange Railway Station, Bradford Forster Square Railway Station
Air
Leeds Bradford International Airport
Situation
The property is well located in an established office and business location, situated on Bradford Ring Road (A6177) two miles south of Bradford City Centre and ½ mile east of junction 3 of the M606 providing access to the M62. Parkside Court is prominently located immediately off Rooley Lane (A6177). Nearby occupiers include McDonald’s, Marks & Spencer, Toby Carvery, LPS Solicitors, Morrisons and Asda. Additionally YBS Group occupy Yorkshire House to the north of Rooley lane (A6177).
Tenure
Freehold.
Location
Miles
2½ miles south of Bradford City Centre
9 miles south-west of Leeds
Roads
A6177, A650, M606 (Junction 3), M62 (Junction 26)
Rail
Bradford Interchange Railway Station, Bradford Forster Square Railway Station
Air
Leeds Bradford International Airport
Situation
The property is well located in an established office and business location, situated on Bradford Ring Road (A6177) two miles south of Bradford City Centre and ½ mile east of junction 3 of the M606 providing access to the M62. Parkside Court is prominently located immediately off Rooley Lane (A6177). Nearby occupiers include McDonald’s, Marks & Spencer, Toby Carvery, LPS Solicitors, Morrisons and Asda. Additionally YBS Group occupy Yorkshire House to the north of Rooley lane (A6177).
Tenure
Freehold.
Description
Beta House is a modern two storey office building benefitting from full access raised floors, suspended ceilings, category II lighting, passenger lift and comfort cooling. The property has an approximate site area of 0.35 hectares (0.86 acres) providing car parking for approximately 68 cars.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Beta House is a modern two storey office building benefitting from full access raised floors, suspended ceilings, category II lighting, passenger lift and comfort cooling. The property has an approximate site area of 0.35 hectares (0.86 acres) providing car parking for approximately 68 cars.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is 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
Reversions
Ground First
Office Office
376.90 sq m 376.90 sq m
(4,057 sq ft) (4,057 sq ft)
YORKSHIRE BUILDING SOCIETY (1)
5 years from 25/02/2013 on a full repairing and insuring lease (2)
£65,000
24/02/2018
Second
Office
376.90 sq m
(4,057 sq ft)
YORKSHIRE HOUSING LIMITED (3)
3 years from 01/08/2013 on a full repairing and insuring lease (4)
£30,000
31/07/2016
Totals
1,130.70 sq m
(12,171 sq ft)
£95,000
(1) For the year ending 2013 Yorkshire Building Society reported a total income of £543,400,000 and pre-tax profits of £199,300,000 (Source www.ybs.co.uk 10/11/2014). (2)The lease provides for tenant options to determine the lease on 25th August 2015 and 25th February 2017. If the tenant does not exercise their option to determine on 25th August 2015 the tenant will benefit from a concessionary rent of £32,500 p.a.x from 26th August 2015 to 25th February 2016. The lease includes a right to use 34 car parking spaces and is subject to a schedule of condition. (3)For the year ending 31/03/2012, Yorkshire Housing Limited reported a turnover of £75,594,000, pre-tax profits of £7,694,000 and a total net worth of £107,617,000. (Source: www.riskdisk.com 10th November 2014) (4)The lease includes a right to use 18 car parking spaces and is subject to a schedule of condition.
