Lot
049
Auction Ends: 19/10/2022 13:42

7 Eldon Place, Bradford, West Yorkshire BD1 3AZ

Property Details
Location
Auction Details
Description
An investment opportunity comprising a three storey plus basement mid terrace property currently generating £12,000 of annual rental income. The property may be suitable for alternative uses and/or residential conversion subject to the necessary consents. The property benefits from parking and gas central heating (not tested). Neighbouring properties are believed to have secured planning permission for conversion to residential use.
Location
The property fronts Eldon Place which is accessible via Manningham Lane (A650) and is situated approximately 0.5 miles north of Bradford city centre. The property benefits from a wide range of local amenities including a JD Gym, numerous eateries and hot food takeaways, bars, and shops such as Boots, Currys, and Argos, all within 0.5 miles of the property. Bradford Forster Square station is located approximately 0.6 miles from the property.
Accommodation

FloorDescription
Floor Area

BasementStorage55 Sq M (592 Sq Ft)
Ground FloorMain Entrance; Reception; Meeting Room; Storage Kitchenette93 Sq M (1,000 Sq Ft) 
First FloorW/C; Meeting Room; Offices32 Sq M (344 Sq Ft)
Second FloorStaff Kitchen; WC; Offices65 Sq M (699 Sq Ft)
Total
245 m2 (2,636 Sq Ft) 
Please note the above floor measurements have been taken from an archived valuation on the VOA website. They are provided for indicative purposes and should not be relied upon. 
Outside
The property benefits from access to 6 car parking spaces to the front, along with a rear courtyard to the back.
Tenancy
The property is let to a firm of solicitors for a term of 5 years (less 1 day), commencing 1st October 2020, detailing an annual rental income of £12,000. Rent reviews and break dates are stated as 30 September 2023 and 31 March 2024. The lease also details the requirement for the tenant to keep the premises in good and substantial repair and decorate the property immediately before the lease end date.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 18TH OCTOBER AND CLOSES ON WEDNESDAY 19TH OCTOBER.

3. Energy Performance Certificate = C

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