51-59 Kirkgate & 7-17 Queensgate Bradford West Yorkshire BD1 1PZ

  • 51-59 Kirkgate & 7-17 Queensgate<br>Bradford<br>West Yorkshire<br>BD1 1PZ

51-59 Kirkgate & 7-17 Queensgate
Bradford
West Yorkshire
BD1 1PZ

High Yielding Freehold Retail and Leisure Investment

  • Freehold comprising three shops and a live music venue
  • Tenants include Savers Health & Beauty Limited and RSPCA
  • All shops let from or after February 2020 at re-based rents
  • Opposite Kirkgate Shopping Centre with nearby retailers including Primark, McDonald's, Sports Direct and Poundland.
  • Approx. 24,439 sq ft
  • Lot
    26
  • Auction
    3rd November 2022
  • Rent
    £74,250 per Annum Exclusive
  • Status
    Sold
  • Price
    £576,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees
Important Update
  • Expand
  • Photos
  • Map

High Yielding Freehold Retail and Leisure Investment

  • Freehold comprising three shops and a live music venue
  • Tenants include Savers Health & Beauty Limited and RSPCA
  • All shops let from or after February 2020 at re-based rents
  • Opposite Kirkgate Shopping Centre with nearby retailers including Primark, McDonald's, Sports Direct and Poundland.
  • Approx. 24,439 sq ft
  • Lot 26
  • Auction 3rd November 2022
  • Rent £74,250 per Annum Exclusive
  • Status Sold
  • Price £576,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees

Property Information

Location
Miles
9 miles west of Leeds, 30 miles north east of Manchester
Roads
A6177, A650, M606, M62
Rail
Bradford Interchange Railway Station, Bradford Forster Square Railway Station
Air
Leeds/Bradford Airport
Situation

The property is situated in a prominent location towards the Western end of Kirkgate, between Queensgate & Albion Court. Kirkgate Shopping Centre is located opposite with nearby retailers including Primark, McDonald's, Sports Direct and Poundland.

Tenure

Freehold.

Location
Miles
9 miles west of Leeds, 30 miles north east of Manchester
Roads
A6177, A650, M606, M62
Rail
Bradford Interchange Railway Station, Bradford Forster Square Railway Station
Air
Leeds/Bradford Airport
Situation

The property is situated in a prominent location towards the Western end of Kirkgate, between Queensgate & Albion Court. Kirkgate Shopping Centre is located opposite with nearby retailers including Primark, McDonald's, Sports Direct and Poundland.

Tenure

Freehold.

Description

The property comprises three separate shops arranged on the ground & first floors fronting Kirkgate and a live music venue arranged on the ground and lower ground floors fronting Queensgate.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion.

EPC

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

Description

The property comprises three separate shops arranged on the ground & first floors fronting Kirkgate and a live music venue arranged on the ground and lower ground floors fronting Queensgate.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion.

EPC

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

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
51-53 Kirkgate Ground
First
Retail/Ancillary
Ancillary
382.30
237.74
(4,115)
(2,559)
RSPCA (1) 10 years from 22/02/2022 (2)
£10,000
22/02/2027
57 Kirkgate Ground
First
Retail/Ancillary
Ancillary
358.51
266.07
(3,859)
(2,864)
SAVERS HEALTH & BEAUTY LIMITED (3) 10 years from 10/02/2020 (4)
£35,000 (5)
10/02/2025
59 Kirkgate Ground
First
Retail/Ancillary
Ancillary
74.60
79.53
(803)
(856)
E CIGARETTE OUTLET (UK) LIMITED
(t/a EcigaretteOutlet)
4 years from 26/08/2020
£9,250
-
7-17 Queensgate Ground
Lower Ground
Leisure
Leisure
527.32
344.39
(5,676)
(3,707)
NIGHTRAIN ENTERTAINMENT LIMITED
(t/a Nightrain)
10 years from 14/12/2018 (6)
£20,000
14/12/2023
Total    
2,270.46
(24,439)
   
£74,250 (5)
 

(1) RSPCA are the world's oldest and largest animal welfare charity, with the primary focus of rescuing, rehabilitating and rehoming or releasing animals across England and Wales (www.rspca.org.uk)
(2) The lease is subject to a tenant only option to break on 22/02/2025.
(3) Savers are one of the largest health & beauty retailers in the world with over 500 stores throughout England, Scotland, Wales and Northern Ireland (www.savers.co.uk)
(4) The lease is subject to a tenant only option to break on 09/02/2025
(5) The current rent reserved under the terms of lease is £15,000 per annum exclusive. The lease provides for the rent to increase to £32,500 pax on 10/02/2023, rising further to £35,000 pax on 10/02/2025. The seller will pay the buyer the difference between the current rent received and £35,000 per annum exclusive from completion of the sale until 10/02/2025.
(6) The lease is subject to a tenant option to break on 14/12/2023

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.

Property Documents

  • Brochure
    Updated Date
    14.10.22
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Structadene Group 3rd Floor, 9 White Lion Street
London
N1 9PD
James Thomson +44 (0)20 7843 9196james.t@pearl-coutts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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