THE firm handling the sale of the lease for Odsal Stadium in Bradford has said there has been a “good deal on interest” as the deadline for bids closes in.
A call for best bids for the lease of Odsal Stadium, home of Bradford Bulls, has been issued by global property consultancy Knight Frank.
All expressions of interest must be received by the Leeds office of Knight Frank by 12.30pm on Wednesday January 31.
Knight Frank has been appointed to sell the Odsal lease and partner Jonathan Hyland explained the call for best bids had been triggered by the level of interest in the lease.
Opened in 1934, Odsal is a multi-purpose sports stadium which extends to about 12.85 acres and is currently the home of Odsal Motorsport, as well as the Bradford Bulls.
The Rugby Football League Ltd (RFL) currently leases Odsal on a 150-year term from Bradford Council on a peppercorn rent.
Mr Hyland said: “Since we first announced that the Odsal lease was up for sale in October, there has been a good deal of interest, which isn’t surprising, since this is an absolutely fantastic opportunity to acquire one of the most famous sporting stadia in Yorkshire.
“Odsal has a wonderful history and is one of the jewels in the crown of the city of Bradford.
“It is now time for best bids.”
Robert Graham, the RFL’s Director of Finance, Facilities and Central Services, said: “The RFL purchased Odsal in January 2012 because of a specific set of circumstances, which at the time involved a real danger that an historic venue for Rugby League could be lost to the sport.
“This was never envisaged as a permanent position for a national governing body, and after acting as custodians for more than a decade, and with two tenants in Bradford Bulls and Odsal Motorsports Ltd, the circumstances have now developed sufficiently to explore options for sale.”
Odsal Motorsport Ltd has a licence running until 2041, allowing them to host up to 20 events per annum. The current combined income from the two occupiers is about £125,000 per annum.
Odsal is situated in a bowl, creating an amphitheatre for viewing. The South and East Stands are the two main buildings with the North and West Stands being concrete surfaced open-standing terraces. Home, away and match official changing rooms are located at ground level in the West Stand.
For further information, contact Jonathan.hyland@knightfrank.com
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel