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Property details

Property for sale

Sackville Street, Bradford £650,000

  • Bentleys Estate and Letting Agents

    7-9 Briggate, Shipley

    • Request details

      I would like to:
    • 01274 594040

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Fantastic development opportunity situated on the Western periphery of Bradford City Centre with its principal frontage onto Barry Street, a busy thoroughfare providing the proposed development with fantastic exposure. The City Centre's main amenities are within walking distance including Kirkgate and Broadway Shopping Centres, the Independent bar circuit on North Parade, award winning City Park and Travel Interchange etc. The campuses of Bradford University and Bradford College are within walking distance. Numerous buildings in the locality have been converted to residential schemes.

Situation

The development opportunity is situated on the Western periphery of Bradford City Centre with its principal frontage onto Barry Street, a busy thoroughfare providing the proposed development with fantastic exposure.

The City Centre’s main amenities are within walking distance including Kirkgate and Broadway Shopping Centres, the Independent bar circuit on North Parade, award winning City Park and Travel Interchange etc. The campuses of Bradford University and Bradford College are within walking distance.

Numerous buildings in the locality have been converted to residential schemes.

PROPERTY/ACCOMMODATION

The existing buildings are arranged as follows:-

22/24 Sackville Street / 11/17 Barry Street – trading as “The Village” (bar/nightclub) at a rental of £11,320 pa

26 Sackville Street – trading as Uber/Courtyard (Public House/bar) currently let at £20,000 pa

Car park – informally let to the tenants – no rent received.

Development Potential

Planning permission had previously been obtained for the redevelopment of the whole site to create a 5/6 storey flagship development comprising 49 apartments with ground floor office accommodation and 17 car parking spaces. Further details can be obtained by contacting our offices or looking at the planning portal website – application/reference 07/05043/FUL. Please note that this planning consent has now expired however informal discussions with the planning authority have revealed that proposals to redevelop the site would be encouraged.

LEASES/TENANCIES

The leases have been designed to ensure full vacant possession to a prospective developer would be available in the event of redevelopment plans progressing.

SALE PRICE

Offers in the region of £650,000 are sought for the Freehold interest – subject to the existing leases, plus VAT (if appropriate)

LEGAL COSTS

Each party to be responsible for their own legal costs in this transaction.

VAT

Our clients advise that VAT will be chargeable upon the sale price at the prevailing rate.

Neighbourhood average sold house prices

Flat/Maisonette
£91,955
Terraced
£120,000

Based on 11 transactions covering the past 5 years. Prices are not adjusted for inflation. Data is supplied by the Land Registry.

  • Bentleys Estate and Letting Agents

    7-9 Briggate, Shipley

    • Request details

      I would like to:
    • 01274 594040