For Sale By Auction | 14:00, 10 July 2019 | Lot 27

6-8 Sackville Street, Bradford, West Yorkshire, BD1 2AJ

*Guide | £140,000 + (plus fees)

  • Bar
  • Tenure: Freehold

Call the team on 0113 393 3482 for more information

Auction Date

Wed 10/07/2019

Auction Time

14:00

Auction Venue

Norman Hunter Banqueting Suite Elland Road Stadium, Leeds, LS11 0ES

This exciting investment opportunity has recently undergone refurbishment work and is currently let on a three year FRI lease generating £20,000 per annum. Based on the quoted guide this equates to a return of 14%! The property is known as Krizma (a bar) and sits alongside numerous other bars and nightclubs on Sackville Street. It comprises a two storey mid-terrace property with bar to the ground floor and additional seating, WCs and kitchen area to the first floor. The floor area totals approximately 193 msq (2,078 sqft) which is split equally over ground and first floors. Sackville Street is located in Bradford city centre with the nearest train station less than half a mile away.

Tenure

Freehold

Charges and Payments

In addition to the deposit Administration Charge: 0.6% inc VAT of the purchase price subject to a minimum of £900 inc VAT.

Local Authority

Bradford Metropolitan District Council

Additional Fees

Administration Charge - See above

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.