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
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.
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
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.
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.
