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.
Charges and Payments
In addition to the deposit Administration Charge: 0.6% inc VAT of the purchase price subject to a minimum of £1,080 inc VAT.
Energy Efficiency Rating (EPC)
Current Rating Please refer to the legal pack
Bradford Metropolitan District Council
Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT, subject to a minimum of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.