Pub/bar for sale in Market Street, Bradford BD1, £325,000

325,000.00

Offer Nr.:
65054368
Type of ad:
for Sale
Property type:
Pub/bar
Contact name:
Mark Brearley & Co
Phone(s):
01274 506504

**Location
**
The property is situated in the heart of Bradford City Centre, with frontage
to Market Street, close to its junction with Bridge Street/Sunbridge Road.
Nearby occupiers in the immediate vicinity include The Ginger Goose ph, Café
Nero, Betfred, Skipton Building Society, Star Nails, First Choice Currency,
and Himalayan Express. Car parking is available on - street in Sunbridge Road
and also in the nearby Broadway Shopping Centre.
**Description
**
The property comprises a ground floor former banking hall, last occupied as a
public house, with associated kitchen area, toilet facilities etc.
There is a mezzanine level, with further seating, and toilets, and a first
floor, providing an office, and two flats utilised for staff accommodation.
The freehold also includes the 2nd to 6th floors which have been converted to
flats and let on a ground lease.
**Accommodation
**
According to our measurements taken on site, the property offers the following
net internal floor areas: -
Ground Floor
Bar Area 153. 10 sqm (1, 648 sqft)
Kitchen 24. 99 sqm (269 sqft)
Toilets 31. 59 sqm (340 sqft)
Ancillary 23. 04 sqm (248 sqft)
Mezzanine
Seating Area 88. 44 sqm (952 sqft)
Toilets 22. 76 sqm (245 sqft)
First Floor
Office 7. 62 sqm (82 sqft)
2 X Flats (staff accommodation)
Basement
Cellar 55. 83 sqm (601 sqft)
**Rating assessment
**
The property is currently assessed for rating purposes as follows: -
Description: Public House and Premises
Rateable Value: £23, 000
The Uniform Business Rate for 2023/2024 is 51. 2 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.
**Lease
**
The property is offered to let on a new full repairing and insuring lease for
a term to be agreed.
**Rental
**
£35, 000 per annum exclusive payable quarterly in advance – subject to lease.
Plus VAT
**Sale price
**
£325, 000 Subject to Contract Plus VAT – to include the upper floors, which are
let on a 200 - year ground lease from January 2002 at a rent of £2, 500 pa
(without review).
**VAT
**
The property is elected for VAT, which will be charged on the rent or purchase
price.
**Legal costs
**
Each party to be responsible for their own legal costs incurred in the
transaction.
**Energy performance certificate
**
An Energy Performance Certificate (EPC) has been commissioned.
**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
tenant.

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