Auction House London

Lot 44

Mixed Use - Commercial Property 

335-363 Tong Street

Bradford, West Yorkshire, BD4 9QY

Withdrawn Prior to Auction.

A Freehold Unbroken Parade Comprising Seven Shops and Fourteen Flats. Part-Let Producing £91,200 per annum.

Description

Location

The parade occupies a prominent position on Tong Street which is the primary shopping area within the town centre serving the extensive local community. Nearby multiples include Subway, KFC & Selco. It is approximately 2 miles south-east of Bradford city centre. Transport links are provided by Bradford Interchange rail station and the M62 & M606 motorways are both within easy reach.

Description (2nd Column)

Collectively, the property comprises an unbroken parade of seven ground floor retail units with fourteen self-contained flats above.

Viewing Details

Please refer to us directly on: 0207 625 9007/ info@auctionhouselondon.co.uk

Accommodation & Tenancy Schedule

Property Floor Accommodation Lessee Lease Terms Current
Annual Rent
Notes
335a Tong Street Ground Shop T/a Nail Bar 5 year FRI lease from 6th March 2015 £5,000
335b & 335c Tong Street Fist & Second 2 x 1 Bed Flats Individual Tenancies Both on ASTs at £4,200 per annum £8,400 Both flats tenanted since Aug 2015 & Dec 2014 respectively
337-359 Tong Street Ground





First & Second
337 Tong St
343 Tong St

349 Tong St

355 Tong St

8 x 2 Bedroom Flats
Bargain Booze
Retail Shop

Retail Shop

Chinese Takeaway
Individual Tenancies
5 year FRI lease at £8,000 p.a
5 year FRI lease from 2/9/11 at £5,500 p.a
5 year FRI lease from 10/10/12 at £8,000 p.a
5 year FRI lease from 4/4/12 at £9,500 p.a
Each let on ASTs at £4,800 each
£69,400 Renewed for another 5 years in 2015.
361 Tong Street Ground Shop Occupied by Owner
361a & 361b Tong Street First & Second 2 x 1 Bedroom Flats Vacant ERV £4,800 p.a each Both are being refurbished
363 Tong Street Ground Shop Vacant
363a & 363b Tong Street First & Second 2 x 1 Bedroom Flats Individual Tenancies Both on ASTs at £4,200 per annum £8,400 Both flats tenanted since June 2014 & June 2015 respectively

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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