- Bradford is a major economic powerhouse in West Yorkshire, located approximately 15 miles west of Leeds.
- The property has excellent access to the M606/M62 and the national motorway network.
- Situated on one of the leading industrial estates in Bradford.
- The property comprises a detached warehouse extending to a GIA of 45,811 sq ft (4,256 sq m).
- Site area of 2.86 acres (1.16 hectares) providing a very low site coverage of 35%.
- Freehold.
- Let to Klinger Ltd, a leading global manufacturer of industrial sealing and fluid control solutions, occupying the property as its headquarters for over 42 years.
- The tenant has a creditsafe score of 76A representing very low risk of business failure.
- Let until the 30th November 2029, thereby providing just under 3.60 years unexpired.
- The current passing rent is £304,000 per annum reflecting a low rent of £6.64 per sq ft and a reversionary opportunity at lease expiry.
Offers are invited in excess of £4,125,000, subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 6.92% after allowing for purchaser costs of 6.55%. This reflects a low capital value of £90.00 per sq ft.
