McColl's Convenience Store

LOCATION

The city of Bradford forms part of the West Yorkshire urban area (population 1.5 million), which is the fourth largest urban area in the UK. It is situated about 15 miles west of Leeds and 8 miles north of Huddersfield. Bradford benefits from excellent transport links northbound with the A658 and A650 linking to Harrogate and Skipton and the A650 and M606 motorway linking to the M62. Bradford Interchange Railway Station provides regular services to London Kings Cross. The property is situated in Undercliffe a residential suburb 1 mile south west of Bradford city centre. The property is located on the busy arterial road the A658 Otley Road and forms part of a local retail parade, other occupiers include a take away restaurants, tattoo studio, hairdressers and a pharmacy. There is residential housing directly behind the premises, the store also benefits being in close proximity to two secondary schools, Feversham Academy and Carlton Bolling College.

KEY POINTS

• Prominent convenience store in local retail parade
• Busy trading store nearby to Feversham Academy Secondary School and Carlton Bolling College
• Large first floor used as storage
• Total current rents reserved £28,329 per annum rising to £31,278 per annum on 19th May 2025
• Poperty let for 16.5 years with no breaks to the excellent covenant Martin McColl Ltd, guarantee from McColl's Retail Group Plc
• Fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth
• Low passing rent £7.35 per sq ft
• Net Initial Yield of 6.25% with a reversionary yield of 6.9%
• Offers in excess of £434,000