Property photos
£700,000
(£13.73/sq. ft)
Land for sale
Canal Road, Bradford BD250,965 sq. ft
Local area information
Property location
Nearby amenities
- Oasis Academy Lister Park 0.3 miles
- Al Mumin Primary and Secondary School 0.4 miles
- Frizinghall 0.7 miles
- Bradford Forster Square 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Bradford to find out more about the local area.
Features and description
Location
The property occupies a very busy main road location, adjacent to Canal Road (A6037), in one of the busiest vehicular locations, in Bradford. The site is approx 1.75 miles north of the City Centre, adjacent to the D M Keith Skoda Dealership, and acw Garden Centre. Nearby is an Aldi Supermarket, and a Costa Drive Thru.
Description
The property comprises a car sales site, extending to approx. 0.48 hect (1.17 acres), with substantial frontage to Canal Road. The property is slightly raised from Canal Road, and includes a number of small buildings on site, which we assume were erected by the tenant.
The site is let in its entirety to DM Keith Limited at a current passing rent of £30,000 pa, rinsing to £35,000 pa Exc.
Leases
The property is let on a lease to D M Keigth Limited, for a term expiring on 24 October 2038, with tenant only break options in 2028, and 2033. The rent is due to increase, with effect from January 2032 to £35,000 pa.
Services
Prospective purchasers should make their own enquiries as to the availability and capacity of any services to the property.
Outgoings
We understand the property currently assessed for rating purposes as follows:
Description: Land used for Caravan Sales
Rateable Value: £60,500
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.
Price
Offers in the region of £700,000 Plus VAT. Subject to Contract for the freehold interest, subject to the existing lease to D M Keith Limited
Important note
The frontage of the site is within a potential road improvement area, and there may be a requirement for a small section at some stage in the future. There is also a surrender agreement in place, for this section, with the tenant, if this work takes place during the term of their lease.
Legal costs
Each party to be responsible for their own legal costs incurred in the transaction.
Energy performance certificate
Energy Performance Certificates (EPC) is not required for this property.
VAT
The property is registered for VAT, which will be charged on the purchase price. All offers are assumed to be exclusive of VAT, unless otherwise stated.
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.
The property occupies a very busy main road location, adjacent to Canal Road (A6037), in one of the busiest vehicular locations, in Bradford. The site is approx 1.75 miles north of the City Centre, adjacent to the D M Keith Skoda Dealership, and acw Garden Centre. Nearby is an Aldi Supermarket, and a Costa Drive Thru.
Description
The property comprises a car sales site, extending to approx. 0.48 hect (1.17 acres), with substantial frontage to Canal Road. The property is slightly raised from Canal Road, and includes a number of small buildings on site, which we assume were erected by the tenant.
The site is let in its entirety to DM Keith Limited at a current passing rent of £30,000 pa, rinsing to £35,000 pa Exc.
Leases
The property is let on a lease to D M Keigth Limited, for a term expiring on 24 October 2038, with tenant only break options in 2028, and 2033. The rent is due to increase, with effect from January 2032 to £35,000 pa.
Services
Prospective purchasers should make their own enquiries as to the availability and capacity of any services to the property.
Outgoings
We understand the property currently assessed for rating purposes as follows:
Description: Land used for Caravan Sales
Rateable Value: £60,500
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.
Price
Offers in the region of £700,000 Plus VAT. Subject to Contract for the freehold interest, subject to the existing lease to D M Keith Limited
Important note
The frontage of the site is within a potential road improvement area, and there may be a requirement for a small section at some stage in the future. There is also a surrender agreement in place, for this section, with the tenant, if this work takes place during the term of their lease.
Legal costs
Each party to be responsible for their own legal costs incurred in the transaction.
Energy performance certificate
Energy Performance Certificates (EPC) is not required for this property.
VAT
The property is registered for VAT, which will be charged on the purchase price. All offers are assumed to be exclusive of VAT, unless otherwise stated.
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.
More information
Listed by
Mark Brearley & Co
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