West Riding House, Cheapside, Bradford, Yorkshire, BD1 4HR

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Agent's Details

Jamie Sim

T: 07940 951 776

Bethany Newman

T: 0161 956 4223

Mark Brearley

T:

For Sale £2,375,000 offers in the region of

EXCELLENT CITY CENTRE INVESTMENT OPPORTUITY
REAL DEVELOPMENT/ASSET MANAGEMENT POTENTIAL

Mixed-use Investment opportunity located in Bradford City Centre, winner of the City of Culture 2025.
Bradford boasts a significant economy valued at £11.6 billion, positioning it as the tenth largest city economy in England.

Accommodation comprises six ground floor retail units totalling 7,500 sq ft (696.76 sq m) and 21,851 sq ft (2,030.00 sq. m.) of office accommodation over eight upper storeys, plus a car parking deck.

Fully let ground floor and well-let uppers with excellent occupational history.

Average net rents on the office accommodation equate to £10.61 based off 21,851 sq ft office space.

The office accommodation is near capacity with regular requests for further accommodation from existing tenants and prospective tenants, offering excellent potential for rental growth.

We are instructed to seek offers in the region of £2,375,000 (Two Million, Three Hundred and Seventy
Five Thousand Pounds) subject to contract, and exclusive of VAT.

A purchase at this level would reflect a Net Initial Yield of 12.59% and attractive low capital value of
£80.91 per sq ft.