Ingleby Road Bradford,West Yorkshire BD8 9AP
Location Estimated District Population: 290,000 Miles: 9 miles west of Leeds 11 miles north-east of Huddersfield
Roads: M62, M606
Position The property is located on Ingleby Road, between its junctions with Plumpton Street and Duncombe Street, about one and a half miles west of Bradford City Centre. Morrisons and Lidl Supermarkets are located opposite the subject property and a McDonald’s Drive-Thru is adjacent.
Present Accommodation (approximate areas) (1) Floor
Accommodation Ground Sales/Ancillary Ground Pizza Delivery Net Internal Areas Tenant
83.61 sq m (900 sq ft) SUBWAY REALTY LIMITED (2)
83.61 sq m (900 sq ft) DP REALTY LIMITED (3)
Ground Sales/Ancillary 302.85 sq m (3,260 sq ft) BLOCKBUSTER ENTERTAINMENT LIMITED (4)
Ground Supermarket/ Ancillary
675.85 sq m (7,275 sq ft) HOTLINK NETWORKS
LIMITED (5) WITH A GUARANTEE FROM HAQ PROPERTIES LIMITED
Total Commercial Area 1,145.92 sq m(12,335 sq ft)
Description SUPERMARKET and THREE RETAIL UNITS arranged on the ground floor only. The property benefits from parking for about 40 cars and a loading area to the rear with separate access from Bingley Street.
Tenure Freehold.
VAT is applicable to this lot – please see Special Conditions of Sale.
For identification purposes only – please see title documentation. Term
15 years from 10th September 2007 with rent reviews in 2012 and 2017 and a tenant only break option in 2017
20 years from 9th October 2007 with a rent review in 2012 and 2017
20 years from 13th August 2001 with a rent review in 2016
15 years from 28th April 2010 with a rent review and tenant only break option in 2015 and a further rent review in 2020.
Total Rent
Rent £ p.a. £14,467
£14,400 £46,000 £72,500
Extract reproduced from the Ordnance Survey mapping with the permission of The Controller of Her Majesty’s Stationery Office © Crown copyright ES 755990
Rent £147,367 pa £147,367
(1) Areas provided by the Joint Auctioneers. (2) Established in 1965, Subway now operate from about 1,500 stores in Britain. For the year to 12/10, Subway Realty Limited reported a turnover of £26.3 million, pre-tax profits of £1.4 million and a net worth of £2.9 million. (Source: One Source One-Stop Report)
(3) Domino’s Pizza currently trade from about 650 outlets in the UK and Ireland and are planning to increase the portfolio to 1,200 outlets by 2021. For the year to 12/10, DP Realty Ltd reported a turnover of £13.6 million, pre-tax profits of £700,000 and a net worth of £2.1 million. (Source: One Source One-Stop Report)
(4) t/a Blockbuster who for the year to 1/11, reported a turnover of £230.5 million, pre-tax profits of £1.7 million and a net worth of £55.8 million (Source: One Source One-Stop Report).
(5) t/a Pakeezah Supermarket. Established in 1967, Pakeezah trade from 2 supermarkets in Bradford, the other being on Edderthorpe Road. The Pakeezah Group has become one of Bradford’s leading specialist ethnic retailers and wholesale Halal meat suppliers. The subject property was opened in 2010 after investing £2 million. The group also trade under Food 2 Go, Café Pakeezah and Pakeezah Meats. (Source:
www.pakeezah.com)
Prominent Freehold Modern Roadside Retail Parade Investment
• Let to tenants including Domino’s Pizza, Subway and Blockbuster
• Lease expiries in 2021, 2022, 2025 and 2027 (subject to options)
• Prominent roadside location opposite Lidl and Morrisons Supermarkets
• 6Week Completion Available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at
www.cbre.co.uk/auctions. Seller’s Solicitor Wright Johnston & Mackenzie LLP. t: 0141 248 3434. e:
cjb@wjm.co.uk Ref: C Brass Esq. Joint Auctioneers Fineman Ross. t: 0207 491 9227. e:
james@finemanross.co.uk Ref: J Hilary Esq.
51
LOT 37
INGLEBY ROAD
SUBWAY DOMINO’S
BLOCKBUSTER
PAKEEZAH SUPERMARKET
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88