Office for sale in Toller Lane, Bradford BD8, £650,000

650,000.00

Offer Nr.:
64374713
Type of ad:
for Sale
Property type:
Office
Contact name:
Mark Brearley & Co
Phone(s):
01274 506504

**Location
**
The property is situated with excellent frontage to Toller Lane (B6144), at
its junction with Upper Woodlands Road, approx. 1 mile northwest of Bradford
City Centre.
Toller Lane, links into Duckworth Lane nearby, and there are many local
retailers and occupiers represented nearby including Zurich Safe Deposits,
Toller Lane Mini Market, Supreme Estate & Mortgages, Nafees Bakery and
Pakistan Jewellers. On - street car parking is available on both Toller Lane,
and nearby in Upper Woodlands Road.
**Description
**
The property comprises a well - presented office suite, extending at ground
floor level, to provide reception, and interview rooms, with further office
accommodation, at first and second floor levels with staff facilities, and
toilets, being fully let, and producing a rental of £22, 100 pa Excl
There is also an additional area, part of which is let to Zurich Safe
Deposits, and The Tuition Centre, producing a rental of around £24, 350 pa
(including average cash machine income) in total.
The building benefits from a corner entrance, and window frontage to Toller
Lane.
**Services
**
The property is understood to benefit from all mains services, none of which
we have tested.
**Business rates
**
The tenants are responsible for all business rates
**Leases**
Property Tenant Passing Rent Lease terms Comments
Ground Floor – 161A Toller Lane Zurich Safe Deposits Ltd £15, 000 pa 5 years
from 1 August 2021 – rent review 1 August 2023
No tenant break
Ground, First and Second Floor – 161 Toller Lane
ja 23 Limited £22, 100 pa 5 years from 1 July 2023 New lease
First & second Floors – 256 Upper Woodland Road The Tuition Centre
£5, 750 pa 3 year lease from 19 June 2019
Cash Machine Cardtronics UK Limited Average £300 pcm Income based on cash
withdrawals
**Price
**
£650, 000 Subject to Contract, and subject to the three occupational leases,
and cash machine agreement.
**Legal costs
**
Each party to be responsible for their own legal costs incurred in the
transaction.
**VAT
**
The property is not elected for VAT, and no VAT is chargeable on rent, or the
purchase price.
**Energy performance certificate
**
The Energy Performance Rating for the property is: -
_
C_ \ - 74
**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.

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