McColl's Convenience Store - Wibsey

Bradford, West Yorkshire, BD6 3EU

Available

Property Type Investment
Availability For Sale
Size 5580 sqft
Energy Performance Rating N/A

McColl's Long Let Convenience Store Investment. Let to a 5A1 covenant for 16.5 years with no breaks


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. The property is situated in Wibsey a residential suburb 2.5 miles south west of Bradford city centre. The property is located on the busy Beacon Road and forms part of a local retail parade, other occupiers include a take away restaurant and a DIY centre. There is a small industrial estate located directly behind the premises.

KEY POINTS

  • Prominent convenience store in local retail parade
  • Large unused first floor
  • Whole property let for 16.5 years with no breaks to Martin McColl Ltd with a guarantee from McColl's Retail Group Plc
  • Total current rents reserved £25,754 per annum rising to £28,434 per annum on 19th May 2025
  • Let to a D&B 5A1 Covenant
  • Net Initial Yield 6.26%, with a reversionary yield of 6.91% in May 2025
  • Fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth
  • Low passing rent of £7.17 per sq ft excluding the first floor
  • Offers in excess of £395,000
The property is a two storey end of terrace brick building. The retail shop is arranged over the ground floor with ancillary and staff accommodation to the rear and in the basement. There is a large first floor with its own separate access that is currently unused by the tenant but has previously been sublet. The premises benefits from on street car parking to the front of the unit.
< Back to properties VIEW SHORTLIST Download Marketing Brochure Download Lease Download Official Copy (Title Plan) - WYK497985

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

020 7478 9112

CONTACT AGENT


Nick Sherling

020 7478 9113

CONTACT AGENT


This site uses Google Analytics cookies. We use the Google Analytics to help us improve the site. The cookies collect information in an anonymous form, including the number of visitors to the site, where visitors have come to the site from and the pages they have visited on the site. Please accept if you would like to continue with cookies enabled. If you want to change your settings click here