Lot 181 is available for sale at Savills' to be held on 18th-19th of March 2025.The property comprises an investment/long leasehold investment/owner user opportunity for sale.
The asking price is £1,600,000. Fully Let to Lloyds Bank Plc on a 10 Year Lease Expiring 15.08.2033. VAT-Free Investment Let at £150,000 per annum
The property comprises a prime investment opportunity in the heart of Bradford City Centre.
Arranged across basement, ground and seven upper floors, the Grade II listed property comprises a retail banking hall to the ground and mezzanine floors, with office and ancillary space to the upper parts.
The property is fully let to the undoubted covenant of Lloyds Bank Plc, a long standing occupier of 20+ years, on a 10 year lease expiring 15.08.2033 and paying £150,000 per annum.
The property includes extensive upper parts which benefit from separate access and may be suitable for medium/long term conversion to alternative uses, including residential (subject to the existing lease and any requisite consents).
We understand the property previously benefitted from permitted development approval for conversion of the upper parts to 15 apartments. There may be potential to increase the massing of this development to provide approx. 30 apartments (subject to obtaining the requisite consents).
The property occupies a prime pitch with a frontage to the pedestrianised Hustlergate, one of the principal retail streets and part of the pedestrianised city centre. The Kirkgate Shopping Centre is to the rear of the property and the Broadway Shopping Centre is immediately opposite. Nearby tenants include Waterstones, Nationwide, and McDonalds.