Lot
101
Auction Ends: 29/01/2025 15:00 - Bidding opens Tuesday 28th January 10:00 AM

6 & 8 Northgate, Baildon, Shipley, West Yorkshire, BD17 6JX

Property Details
Location
Description
A town-centre commercial investment opportunity comprising ground floor and separate first floor premises, both let. The total current passing rent is £25,250 per annum, which will increase as per the lease terms. The ground floor (no. 6) is an Indian restaurant premises sold subject to a ten year lease commencing March 2023; the first floor (no. 8) is a dental surgery, sold subject to a 15 year lease commencing August 2022.
Location
The two units form part of a wider detached property comprising other premises such as Baildon Library. The property is situated on Northgate in Baildon town centre. The local area comprises residential housing along with other commercial occupiers including Co-op Food and Vision Express.
Accommodation

PropertyUseApproximate Floor Area*
6 NorthgateRestaurant premises92 sq m (990 sq ft)
8 NorthgateDental surgery88 sq m (947 sq ft)
*Source: VOA
Tenure
The property is sold freehold.
Tenancy

PropertyLease TermRent Reserved (pa)
6 Northgate

10 years from 03/03/23

5 year rent reviews

Year 1: £14,250

Year 2: £14,750

Years 3-5: £15,250

8 Northgate

15 years from 10/08/22

5 year rent reviews

£10,500
Total Passing Rent
£25,250

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 28TH JANUARY AND CLOSES ON WEDNESDAY 29TH JANUARY.

3. The pre-authorisation amount for the bidding deposit is £5,000 for this lot.

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