**Situation**
The premises occupy a highly prominent corner location within Bradford City
Centre at the junctions with pedestrianised Upper Millergate, Ivegate and
Kirkgate.
The Kirkgate Shopping Centre (now Council owned) is directly opposite with the
City Centre due to be further enhanced with the opening of Bradford Live
(4, 000 seater venue) and flagship Darley Street Market.
The ground floor forms part of the Sunbridge Wells bar / food complex, the
success of which has prompted numerous other bars to open on Ivegate
(including Ye Olde Crown, The Wine Lodge, Drum Winder etc).
**Property/accommodation**
The property is situated at ground floor level forming part of this
prominently located and attractive Grade II Listed building.
The premises provide the following approximate floor areas:
Sq m Sq ft
Ground floor
Overall sales area (including staff kitchen) 112. 3 1209
WCs - -
**Rating**
A search of the Valuation Office website reveals that the property has the
following Rateable Values: -
Rateable Value: £30, 250
Rates Payable (approx. ): £15, 094
Parties are advised to check with the local Rating Authority as to the precise
current rates liability.
**Investment details**
The premises are let to Merkur Slots UK Ltd (Co No: 01038403) by way of a 15
year lease which commenced in July 2022 (expiring July 2037) - the rent
commencement date is January 2024. The effective full repairing lease
incorporates 5 yearly rent reviews and tenant’s break clauses.
The current rent received is £20, 833. 33 pa (+VAT), i. e. £25, 000 pa.
**Tenant background**
Merkur Slots UK Ltd are one of the most progressive and expansive firms in
recent times operating from over 325 locations throughout the UK with 30 - 50
store openings per year. The latest accounts showing a current positive cash
balance of £8. 7m and current assets of £18. 7m (Source: Company Check), the
Tenant having been established approx. 50 years ago.
**Sale price**
Offers in the region of £250, 000 are sought for the Long Leasehold interest
(999 years from November 2007 with fixed peppercorn rent) showing an
investment yield of approx. 8. 4%
**Bradford city centre growth zone**
We believe the premises are situated within the Growth Zone and as such, the
occupier of the premises may be eligible for financial assistance. For further
information please contact Invest in Bradford
**Legal costs**
Each party to be responsible for their own legal costs in this transaction.
**VAT**
We anticipate the sale being treated as a togc.
**Energy performance certificate**
The Energy Performance Rating for this property is C, a copy of the
Certificate and Report is available upon request.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: