West Riding House, 31 Cheapside, Bradford, West Riding House, 31 Cheapside, Bradford | Property for sale | Savills
Guide price £2,650,000(฿117,722,288)

West Riding House, 31 Cheapside, BradfordWest Riding House, 31 Cheapside, Bradford

  • Joint Sole Agent

Key features

  • High yielding mixed use investment
  • Six retail units and office space to the upper parts
  • Let to seventeen tenants including Barnardo's, Ingeus and Bradford Asian Radio
  • Eight Vacant Suites - Asset Management Potential Via Letting
  • Two Suites Currently Under Offer
  • 22 off street secure car parking spaces
  • Newly refurbished reception
  • One of few DDA compliant office buildings in Bradford
  • 29,351 sq ft (2,726 sqm)
  • Let at £326,229 p.a. (12.31% GIY on guide price) + eight vacant suites

A high yielding modern mixed-use investment comprising 29,351 sq ft (2,726 sqm) of retail and office space. Located in Bradford City Centre, located on Cheapside opposite Forster Square Train Station. Let to a number of national and local tenants, including Barnardo's, Ingeus and Bradford Asian Radio. Currently let to seventeen tenants with eight vacant suites (two currently under offer) - Clear asset management potential via letting Investment let at £326,229 p.a. (12.31% GIY on guide price)

About this property

  • A high yielding mixed use investment comprising 29,351 sq ft (2,726 sqm of retail and office space arranged over 9 floors. The property is let producing £326,229 (includes vendor top-ups - please see the Tenancy Schedule). The property offers evident asset management potential via letting of the eight vacant suites. Two of the suites are currently under offer, providing potential for immediate rental increase. The property benefits from a fully refurbished reception , a secure car park comprising 22 parking spaces and is one of few DDA compliant office buildings in Bradford. Each office floor provides a 3,050 sq ft floorplate with a central corridor to a variety of different sized office suites.The office floors provide the following specification: • Suspended ceilings and recessed fluorescent lighting throughout • Carpet tiled floor • Kitchen facilities on all levels • Toilet facilities on all levels • Extensive windows providing good natural light on both main elevations of the building West Riding House is a prominent office building in the heart of Bradford City Centre, situated on Cheapside directly opposite Bradford Forster Square Railway Station and the Midland Hotel. The building is highly visible to those entering the city and, as such, serves as a landmark gateway property. The Broadway, Bradford’s principal shopping centre, is located approximately 0.5 miles from the property and is home to a range of national occupiers including Card Factory, Greggs, Next and Primark, together with a variety of other retail and leisure operators.

Local information

  • The property is located in Bradford City Centre on Cheapside, directly opposite Bradford Forster Square Railway Station and the Midland Hotel. Cheapside is a prominent city centre thoroughfare and provides the property with access to the majority of Bradford’s retail, leisure and restaurant amenity. In addition, the property is situated within close proximity to the city’s main commercial and retail core.
  • The property benefits from being located immediately opposite Bradford Forster Square Railway Station, providing direct access to Leeds (approximately 20–25 minutes) and London King’s Cross (approximately 2 hours 45 minutes). In addition, the station provides convenient onward connections to Manchester and York via Leeds. By road, the property is well located for access to the A650, M606 and M62.

Additional information

  • We understand the property is elected for VAT. We understand the property can be treated as a Transfer of a Going Concern (TOGC).Please refer to the legal pack.
  • Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.