Property for sale in Sutton House, Dick Lane, Bradford, West Yorkshire BD4

£600,000
Interested in this property? Call +44 20 3641 1750 * or Request Details

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Property for sale - 30 bedrooms

30 1 1

Tenure:
Not available
Council tax band:
Not available

Utilities and more details

Property description

Key Features
  • Lot 12 for sale by auction on 30/07/2024
  • To view the property or see a virtual tour please refer to the full sales particulars on the auctioneers website
  • Comprising a 30 Bedroom Supported Living Facility and Wardens House Benefitting from 96% Occupancy
  • Subject to a 45 Year Lease to Westmoreland Supported Housing Limited (whsl). Lease Expiry 2062
  • Annual cpi uplifts (capped at 4%)
  • The rent is subject to a Landlord's contribution towards security and running costs. The contribution for 2023 was £44,274 resulting in a Net rent of £125,231 p.a. The current Gross rent is £169,478 p.a.
  • Strong rental payment history with no arrears
  • Occupying a Site extending to approximately 0.313 Hectares (0.776 Acres)
  • Bradford City Centre is approximately 2 miles to the west

Key Locations
  • The property is situted on the east side of Dick Lane and is also accessed via Darren Street
  • Bradford interchange station is approximately 2 miles to the west
  • The A6177 ring road is within reach to the west, providing access to the M606 motorway to the south west
  • Bradford City Centre is approximately 2 miles to the west

Additional Information
  • The running yield will go to c.20% from January 2026 with the stepped increase.

Viewings
  • Viewing information for this Lot will be published before the close of business on Monday 15th July.
Arrange Viewing

For more information about this property, please contact
Allsop LLP, W1U on +44 20 3641 1750 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Allsop LLP, and do not constitute property particulars. Please contact Allsop LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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