An attractive commercial investment currently generating £12,000 per annum via a lease with 56 years remaining. The tenant is Johnstone's Paint PLC and the lease provides rent reviews every 7 years. The property sits on a corner plot extending to approximately 0.6 acres (0.24 hectares) and comprises a hard-standing car park and a grass area. The property is sold freehold and extends to approximately 264 sq m (2,840 sq ft).

Location

The property is well-positioned, with the site fronting both Thornton Road (B6145) and Jowett Street. Thornton Road leads directly to Bradford city centre which is approximately 0.5 mile to the east, and also joins the A6177 ring road to the west. The local area is predominantly of light-industrial and commercial use.

Accommodation

Description	Floor Area
Warehouse	183.3 sq m (1,972 sq ft)
Internal storage	40.6 sq m (437 sq ft)
Office	40.3 sq m (433 sq ft)
Total	264.2 sq m (2,843 sq ft)

The above floor areas are taken from the VOA website. Buyers must not solely rely on them.

Approx Site Area

0.6 acres (0.24 hectares).

Tenure

The property is sold freehold.

Tenancy

The property is sold subject to a 99 year lease, from 26/06/1981, which is currently generating £12,000 per annum. The lease details rent reviews every 7 years. The tenant is detailed as Johnstone's Paint PLC which now trades as PPG Architectural Coatings UK Limited, and who has also granted a sub-lease pertaining to two advertising hoardings on site.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. The rateable value is £19,000.

2. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

3. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 17TH SEPTEMBER AND CLOSES ON WEDNESDAY 18TH SEPTEMBER.

4. Energy Performance Certificate = TBC.

5. The pre-authorisation of the bidding deposit is 10% of the guide price.