JobCentre, Westfield House, 85 Manningham Lane Bradford West Yorkshire BD1 3BE

JobCentre,
Westfield House, 85 Manningham Lane
Bradford
West Yorkshire
BD1 3BE

Freehold Substantial Office Investment and Undeveloped Land with Residential Development Potential (Subject to Consents)

Let to The Secretary of State for Communities and Local Government until 2024 (no breaks)
Substantial Office Building with Car Parking
Includes a parcel of land 0.32 Acres (0.12 Hectares) with Development potential (subject to consents)
Prominent location approximately 600 metres from Bradford Foster Square Railway Station

Lot
26
Auction
5th May 2021
Rent
£128,465 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Substantial Office Investment and Undeveloped Land with Residential Development Potential (Subject to Consents)

Let to The Secretary of State for Communities and Local Government until 2024 (no breaks)
Substantial Office Building with Car Parking
Includes a parcel of land 0.32 Acres (0.12 Hectares) with Development potential (subject to consents)
Prominent location approximately 600 metres from Bradford Foster Square Railway Station

Lot 26
Auction 5th May 2021
Rent £128,465 per Annum Exclusive
Status Sold Post
Price
Sector
Office
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles west of Leeds,; 30 miles north-east of Manchester
Roads: A650, A6177, M606, M62
Rail: Bradford Interchange, Bradford Forster Square Railway Stations
Air: Leeds Bradford Airport

Situation

The property is prominently situated on the west side of the busy Manningham Lane between Hanover Square and Victoria Street, approximately 600 metres from Bradford Foster Square Railway Station and The Oastler Shopping Centre and Market.

Tenure

Freehold.

Location

Miles: 8 miles west of Leeds,; 30 miles north-east of Manchester
Roads: A650, A6177, M606, M62
Rail: Bradford Interchange, Bradford Forster Square Railway Stations
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial 4 storey office building with a car park and undercroft car parking. The office building benefits from significant frontages to three roads and may be suitable for possible future residential conversion (subject to consents).

In addition to the office building, the property comprises a parcel of L shaped land, subject to vacant possession, equating to approximately 0.32 Acres (0.12 Hectares) which may be suitable to increase car parking or residential or commercial development (subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground First Second Third	Office Office Office Office	448.95 sq m 664.71 sq m 670.67 sq m 670.20 sq m	(4,833 sq ft) (7,155 sq ft) (7,219 sq ft) (7,214 sq ft)	THE SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT t/a Job Centre Plus	6 years from 24/09/2018 on a full repairing and insuring lease (1)	£128,465 (1)	(23/09/2024)
Land	Unused	0.32 Acres	(0.12 Hectares)	VACANT POSSESSION	-	-	-
Total		2,454.53 sq m	(26,421 sq ft) (2)			£128,465 (1)

(1) The property is let for a term of 6 years from 24th September 2018 by virtual of a Reversionary lease from 1st April 2022 until 31st March 2024. The current rent reserved under the terms of the lease is £128,465 per annum exclusive. The tenant is currently benefiting from a rent concession of £64,232 per annum exclusive for 10 months from completion of the Reversionary lease. The Seller will pay the Buyer the difference between the current rent reserved of £128,465 per annum exclusive and the concessionary rent of £64,323.50 per annum exclusive from completion of the sale until the end of the concessionary period. Therefore the property will produce £128,465 per annum exclusive from completion of the sale.
(2) The floor areas stated above have been taken for the Valuation Office Agency website. www.voa.gov.uk

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.