Industrial for sale in Leeds Road, Shipley BD18

Location

The property is situated in an established but principally residential area, fronting onto Leeds Road (A657) approximately ¾-mile to the east of Shipley Town Centre. Leeds Road is a very busy main road, which links Shipley/Saltaire through to Apperley Bridge/Greengates, Calverley and hence through to Leeds Ring Road (A6120).

Whilst the property is in a predominantly residential area, nearby to the west is the Jubilee Way Industrial Estate development which includes occupiers such as, Bradcot Awnings Direct, KayDee Engineering Plastics, Adaptive Control Solution and Waterjet Services.

Nearby are a number of other smaller commercial occupiers including Busy Lane Post Office, Food Master take-away, Kaysan’s Fast Food and Sambuca Italian.

Description

The property occupies a total site area of approximately 0.543 hectares (1.34 acres) with estimated frontage to Leeds Road of 86.68 metres (284 ft) – to include the car park.

The site includes a number of single storey, manufacturing buildings, providing a total gross floor area of approx. 3,236.81 sqm (34,841 sqft) to include an office area of 186.64 sqm (2,009 sqft). There are a number of drive in loading doors, and loading areas, as well as yard areas, and a car park.

Services

The property benefits from the provision of mains gas, electric, water and drainage.

Please Note: None of these services have been tested and prospective tenants are advised to satisfy themselves as to their condition and type.

Lease

The property is let under the terms of a 9-year lease, excluded from the Security of Tenure Provisions, of the Landlord & Tenant Act, from 1 September 2022. The current passing rent is £100,000 pa, and the tenant contributes a further £1,000 p c m to the landlord’s cost of maintaining the roof, which is excluded from their repairing liability.

The lease incorporates an upward only rent review and a tenant only option to break on 1 September 2027.

The tenant has been in occupation for approximately 40-years.

Outgoings

We understand the property to be assessed for Uniform Business Rates as follows:-

Description: Factory and Premises
Rateable Value: £100,000

The Uniform Business Rate for 2024/2025 is 54.60 pence in the £.

Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.

Development potential

The property is considered potentially suitable for a number of asset management alternatives, including comprehensive redevelopment, for roadside, or residential purposes, or as an industrial break up opportunity, to enhance income – subject to necessary planning consents

Purchasers should make their own planning enquiries and satisfy themselves through their own planning enquiries.

Price

£1,350,000 Subject to Contract & Lease

Legal costs

Each party to be responsible for their own legal costs incurred in the transaction.

Energy performance certificate

The Energy Performance Certificate (EPC) rating for the property is:-

E - 122

VAT

The property is not elected for VAT.

Anti-money laundering

In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful purchaser.