**Investment summary**
• Well located trade park estate in a roadside position on Bolton Lane, just
off the A6177 ring road.
• 125 year lease of the whole estate from 1985 with a ground rent of £1, 625
p. a.
• Units 1, 2 and 4 have been sold off on ground leases for 125 years from 1985
at a ground rent of £406. 25 per unit. Total ground rent of £1, 218. 75 p. a.
• There is an occupational lease on unit 3 for 10 years from October 2015 at a
rent of £8, 750 p. a to the strong covenant of J. P McDougall and Co trading as
Dulux Decorating Centre.
• Net rental of £8, 343. 75 p. a.
• Offers in excess of £105, 000 reflecting a net initial yield of 8%.
Location
Unit 3, Bolton Lane is a well located trade park estate less than 2 miles from
Bradford City Centre and just off the A6177 ring road. Its location provides
easy access to the Harrogate road and north Bradford.
Description
The development consists of 4 small industrial/trade units situated in a
roadside position on Bolton Lane and ranging from 1, 000 to 2, 000 sq ft. Each
unit benefits from a concrete yard and tarmacadam surfaced car parking spaces.
The units are of steel portal frame construction and clad in PVC steel sheet
cladding with full height roller shutter doors and front entrance, providing
mid quality industrial/trade counter units.
Unit 3 is located in the middle of the building, easily visible from Bolton
Lane.
Tenure
Unit 3 is for sale on a long leasehold basis with an occupational lease with
expiry in 2025 and a rental of £8, 750 p. a.
Units 1, 2 and 4 are for sale on the basis of a ground lease of 125 years from
1985 at a ground rent of £406. 25 p. a. Per unit. The total ground rent for all
3 units is £1, 218. 75 p. a.
The estate is for sale on a long leasehold basis of 125 years from 1985 and on
a ground rent of £1, 625 p. a.
Accommodation
Unit 3: 1, 249 sq ft (gia)
Energy Performance Certificate
Unit 3 has an EPC rating of D
Tenancy
Unit 3 is let in accordance with the following tenancy schedule:
Tenant: J P McDougall and Co. Limited
Lease Start Date: 19. 10. 2015
Term: 10 Years
Review Date: 19. 10. 2020 (to omv)
Rent: £8, 750 p. a
Covenant Strength
Tenant: J P McDougall and Co. Limited
Experian Score: 49/100
Date: Dec 2019
Turnover: £185 M
Net Profit: £5. 7 M
Proposal
Offers are invited in excess of £105, 000 reflecting a net initial yield of
7. 8% after costs on the net rental figure of £8, 343. 75.
**VAT**
The property is elected for VAT and VAT will be chargeable on the purchase
price, however it is anticipated that the sale will take place by way of a
transfer of a going concern (togc).

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