Garages at Caroline Street, Saltaire, Bradford, BD18 4PW

freehold garage investment producing £489.60 plus VAT per annum together with two substations producing £10 per annum

Location

The site is located at the intersection of Caroline Street and Edward Street in a primarily residential location approximately ½ mile from Shipley town centre and 3½ miles from Bradford city centre.

Description

Detached block comprising six garages together with the freehold interest in two substations.

Costs

Upon completion the purchaser will pay in addition to the gavel price the Council's Solicitor's and Surveyor’s costs of 2% plus VAT of the gavel price, with a minimum of £1,000 plus VAT.

Tenure

Freehold.

Tenancy

The six garages are each let by way of individual licenses each producing £81.60 plus VAT per annum, giving a total income of £489.60 plus VAT  

per annum. Both substation are let by way of a single leasehold agreement on a term of 60 years from 01/12/1962 at £10 per annum. 

VAT

VAT at the prevailing rate is payable in addition to the gavel price.

Solicitors

City of Bradford Metropolitan District Council, Legal Department, 3rd Floor, City Hall, Bradford, West Yorkshire, BD1 1HY.
Tel: 01274 432491. Fax: 01274 390082. E-mail: mary.gudgeon@bradford.gov.uk.
Contact: Mrs Mary Gudgeon.