A Freehold Industrial Investment Currently Used as Recording Studio Subject to a Commercial Lease Producing £50,035 Per Annum (First Rent Review is Due April 2024)

The property comprises a semi-detached industrial unit on a site measuring approximately 734 sq m (7,902 sq ft) currently being used as a recording studio arranged over ground floor with an ancillary first floor office.

Tenure

Freehold and long Leasehold interest. Freehold of the main building and rear yard. There is also a long lease on land (used as car parking spaces) in the front yard, expiring in 2094 at a peppercorn rent.

Location

The property is situated in an industrial estate close to local shops and amenities. The open spaces of West Park are within easy reach. Transport links are provided by Bradford Forster Square rail station.

Accommodation

Ground Floor G.I.A. Approximately 675.97 sq m / 7,276 sq ft First Floor G.I.A. Approximately 58.11 sq m / 625 sq ft G.I.A. Approximately 734 sq m / 7,902 sq ft

Tenancy

The property is subject to an FRI lease for a term of 15 years commencing 15th April 2019 at a rent of £50,035 per annum with a rent review every 5th year to RPI (1% and 4% cap and collar) (first rent review is due April 2024). The Tenant has fitted out the building as Recording, DJ and Band Studios.

Energy Efficiency Rating (EPC)

Current Rating F

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.