McColl's Convenience Store - Wibsey

Available

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