News & insight

Prime investment opportunity on the market in Bradford

Marketing / 13 Apr, 19

A high specification trade counter investment is being offered for sale in Bradford. The property is let in its entirety to Selco Trade Centres Ltd (T/A Selco Builders Warehouse and Plumbase) on a 25 year lease from 10th September 2008 with a rental guarantee from Grafton Group (UK) PLC.

Occupying a highly prominent position on major link Road, Tong Street, the property comprises two modern trade counter units measuring over 48,000 sq ft GIA.

Selco occupy the larger of the two units, utilising the space as a builder’s warehouse for trade purposes and the second unit is occupied by Plumbase for use as a plumber’s merchant showroom.

Jonathon White, industrial agent in our Leeds office commented, “This fantastic trade counter investment represents an incredibly rare opportunity with over 14 years remaining on the lease and a PLC guarantee.

“Bradford is an incredibly well-connected city within the central core of West Yorkshire and the subject property takes advantage of this, located on Tong Street, a busy road link within 2 miles of the city centre.

The investment, with a passing rent of £320,756 per annum, is being offered for sale by our Leeds industrial agency team, who are seeking offers over £5,500,000, subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive 5.47% NIY.

For further information you can view the property listing here or contact Jonathon on 0113 221 6141.

Topics: News

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