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Commercial properties for sale in Greenwood Avenue, WF12

Create Alert 10 results Sorry, we currently do not have any listings for sale in 0 miles of Greenwood Avenue, WF12 - Please find below the nearest listings available.
For Sale£410,000.00
New
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 November 2025
Let to a D&B 5A1 Covenant
Net Initial Yield 6.03% with a reversionary yield of 6.65% in May 2025 assuming purchaser’s costs of 4.24%.
Fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth
Low passing rent of £7.17 per sq ft excluding the first floor

Additional Information
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.

Ground (Sales) 1,469 sq ft 136 sq m
Ground/Basement
(Ancillary/Staff Accommodation) 2,121 sq ft 197 sq m
First Floor (unused) 1,990 sq ft 185 sq m
Total 5,580 sq ft 518 sq m

Tenure
Freehold.

Tenancy
The whole property is let to Martin McColl Limited for a term of 16.5 years from the 20th November 2018 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £22,500 per annum. The vendor will top up the rent to £23,178 per annum from completion until 19th May 2020 by way of a reduction in the purchase price.

Rental Uplifts
YEAR RENT REVERSIONARY YIELD
19th May 2025 £28,434 pa 6.65%
19th May 2030 £31,394 pa 7.35%

Covenant
McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 26th November 2017 reported a turnover of £713.391 million, a pre-tax profit of £27.168 million and shareholder’s funds of £186.239 million.

The combined group has a turnover in excess of £1.1bn. It employs over 22,000 full and part-time staff and is visited by over 5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at:

http://www.mccolls.co.uk/investor

EPC
Available on request.

VAT
The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).

Proposal
We are instructed to seek offers in excess of £410,000 (Four Hundred and Ten Thousand Pounds) subject to contract for the freehold interest, which reflects a Net Initial Yield of 6.03% assuming purchasers costs at 4.24%.
McColl's Convenience Store - Wibsey. McColl's Long Let Convenience Store Investment. Let to a 5A1 covenant for 16.5 years with no breaks
Type: Retail
Location: Mc Coll's Convenience Store, 64 Beacon Road, Bradford, BD6 3EU
Size: 5580 Sq Ft
Images: 3
Brochures: 1
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For Sale£1,200,000.00
Long leasehold investment and development opportunity. Total gross income of approx £103,030 per annum secured on 8 occupational tenancies with potential to increase rental income as a result of fixed increases and letting of Unit 3.

Permitted development rights for conversion of Princes House from B1A offices to 16 residential apartments.

Other asset management opportunities.
Wardley House & Princes House - Little Horton Lane, Bradford, BD5 0AD
Type: Offices, Residential, General Retail, Mixed Use, Retail, Other Property Types & Opportunities
Location: Wardley House & Princes House, Little Horton Lane, Bradford, BD5 0AD
Images: 2
Brochures: 1
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For SalePOA
Must See
Unique opportunity to acquire the freehold interest in a block of 252 student residential studios located in Huddersfield

Ground rent producing £75,600 per annum

Lease term of 250 years commencing on the 1st January 2015

5 year RPI linked rent reviews
For Sale - Ground Rent Investment Opportunity
Type: Residential
Location: Kingfisher Court, Manchester Road, Huddersfield, West Yorkshire, HD1 3FH
Images: 1
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For Sale£475,000.00
LOCATION

The property occupies an excellent prominent corner location with good main frontage to Great Horton Road at the junction of Great Horton Road and Manville Terrace, directly opposite the main entrance to the University of Bradford. The property is on the periphery of the City Centre, in the established student area, but also a popular location for restaurants and many other commercial occupiers drawing on the substantial number of students not only attending the University of Bradford but also Bradford College.

Nearby occupiers include McColls Convenience Store, Subway, Priestley’s Estate Agents, Pepe’s Piri Piri, Burger Time, Just Coffee etc. Great Horton Road also includes a number of other occupiers including Fortune Cookie, Nitro Gelato, Premier Convenience Store, Dunkers Delight, Flirt Gelato and My Lahore Café Bar.

DESCRIPTION

The property comprises ground floor retail premises, let and occupied by Greggs Plc, together with an ATM operated by DC Payments. At upper floor levels, are 5 self-contained individual residential units, all let and occupied.

ACCOMMODATION

The property currently provides the following approximate floor areas:-

Retail Element

Ground Floor (Greggs Plc) 105.02 sqm (1,130 sqft)

ATM 5.83 sqm (63 sqft)

Lower Ground Floor (Greggs Plc) 30.03 sqm (323 sqft)

First Floor (Residential)

3 Self-contained studio units

Second Floor (Residential)

2 Self-contained studio units

External

Forecourt, access areas etc.

RATING ASSESSMENTS

The property is currently assessed for Uniform Business Rates as follows:-

Description: Shop and Premises
Rateable Value: £13,000

The Uniform Business Rate for 2019/2020 is 50.4 pence in the £.

Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.

The 5 residential units have a Council Tax Band of A.

LEASES

The ground floor and basement areas are let to Greggs Plc under the terms of a 10 year lease from 19 December 2016, expiring on 18 December 2026, at a current passing rental of £17,000 per annum. The lease is subject to a rent review with effect from 19 December 2021. The lease also incorporates a break clause in 2021.

The cash machine is let to DC Payments, for a term of 5 years from 20 February 2017 at a rental of £8,400 per annum.

The residential properties are let on a variety of Assured Shorthold Tenancy Agreements, producing a total gross rental income of £16,500 per annum.

The current total gross rental income is £41,900 per annum.

A more detailed Tenancy Schedule is available upon request.

PRICE

£475,000 subject to contract plus VAT – if appropriate. Subject to contract.

VAT

VAT will be charged at the prevailing rate – if applicable.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate (EPC) rating for the premises are as follows:-

Commercial Section - D – 83
Flat 1 - Commissioned
Flat 2 - D – 67
Flat 3 - C - 70
Flat 4 - C - 77
Flat 5 - C - 76
45 Great Horton Road, Bradford, BD7 1AZ
Type: Retail, Retail - Out of Town, Mixed Use, Other Property Types & Opportunities
Location: 45 Great Horton Road, Bradford, West Yorkshire, BD7 1AZ
Images: 2
Brochures: 1
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For SalePOA
A mixed use investment opportunity for 6 retail units & 38 residential units (let on 999 year leases from 2004).

The property is prominently positioned at the junction of Broad Street and Northgate, a short distance east of the town centre, within proximity to the prime retail pitch and opposite Halifax Bus Station. It is approximately an 8 minute walk to Halifax train station which provides regular services into Manchester Victoria in approximately 50 minutes.

The property comprises a substantial Grade II listed corner property which is part period/part new-build, with the retail accommodation being over lower ground and ground floors only. The property provides 3 and 4 storey accommodation, with the upper floors used for residential purposes and sold off on a long leasehold basis (RPI increases to the residential leases every 10th year).

The accommodation over lower ground and ground floor has A1, A2 and A3 planning consent permitting leisure and retail uses, comprises 6 retail units and extends to 16,735sqft.

Property currently producing a gross yield of 9.71%.


TOWN CENTRE MIXED USE INVESTMENT OPPORTUNITY
Type: Residential, Retail, Mixed use, Leisure, Flat, General Retail, Retail - High Street, Leisure Property, Restaurant/Cafes, Other Property Types & Opportunities, Licensed & Leisure
Location: Crossley House Crossley House, Crossley Street, Halifax, HX1 1UG
Images: 2
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For Sale£110,000.00
The property comprises a semi-detached and extended former retail unit, currently occupied as an estate agency providing main sales area and offices at ground floor level, together with first floor office accommodation with appropriate staff areas and toilet facilities.

The property has forecourt car parking for 2 vehicles and is an Estate Agency Investment Opportunity
Currently Producing a Rental of £9,000 Per Annum (Possibility of Vacant Possession – if required)

94 Towngate, Wyke, Bradford, BD12 9JB
Type: Retail, Offices
Location: 94 Town Gate, BD12 9JB
Size: 844 Sq Ft
Images: 3
Brochures: 1
View Property
For Sale£185,000.00
Town Centre Location
High Volumes of Passing Footfall
Subway Sandwich Franchise
Freehold Opportunity
Lease Extended to November 2028
Passing Rent: £15,500per annum
Offers In Excess Of £185,000 Are Invited

Location
The subjects are situated on the South West side of Beastfair, within the pedestrianised precinct within the town centre of Pontefract. Pontefract, with a population in excess of 28,500, is located 12 miles south-east of Leeds and 21 miles south-west of York.
The property, which is in a Conservation Area, is situated on the south side of the pedestrianised Beastfair, close to its junction with Cornmarket in the heart of the town centre.
Occupiers close by include Tesco, Peacocks, Betfred, Marks & Spencer Simply Food, Boots, New Look and a range of local retailers.

Description
The subjects comprise a ground floor retail unit set within a larger 3 storey building of traditional construction surmounted by a pitched roof overlaid in tile. The subjects benefit from single frontage of timber framed glazed construction with access gained via a recessed doorway leading to an open plan customer area with loose tables and chairs.

Internally the subjects are fitted out in accordance with Subway corporate specification and branding with large display counter, floors overlaid in laminated timber, along with partition erected in the mid section of the demise to divide the customer area and to create rear area for storage, staff area & w.c facilities.

Executive Summary

The subjects are held on a full repairing and insuring lease on the following terms;

Tenant: Made To Order t/a Subway Sandwiches
Term: 18th Nov 03’ - 17th Nov 18’
The lease has been extended for a further 10years to November 2028
Tenant Break: November 2023
Rent Review: November 2023
Passing Rent: £15,500per annum

Proposal

Our client is inviting offers in excess of £185,000 representing a Gross Initial Yield of 8.37%

V.A.T

The subjects have been elected for V.A.T as such the transaction will be treated as a transfer of a going concern

E.P.C

Available on request

Viewing

The subjects can be viewing during normal opening hours, detailed viewings must be arranged via the marketing agent

Legal

Each party shall bear their own legal costs incurred during the transaction

Lease & Title

Available on request
SUBWAY INVESTMENT FOR SALE: BEASTFAIR PONTEFRACT
Type: Retail, Retail - High Street, Restaurant/Cafes, Restaurant/Cafes
Location: 23 Beastfair, WF8 1AL
Images: 4
Brochures: 1
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For Sale£150,000.00
LOCATION

The property occupies a prominent corner position at the junction of The Knowl, Back Knowl Road and Nab Lane, in an established residential area, to the north of Huddersfield Road (A644) which effectively forms Mirfield Town Centre.

Nearby occupiers include a Cooperative Food Store, Vibe Hair Design UK, Laundry Room, Rogers Mens Hair Salon etc.

The location is well-known in the immediate vicinity and, the ground floor premises are occupied by Shaun Fearweather as a well-known butchers operation.

DESCRIPTION

The property comprises a ground floor butcher’s shop, with additional preparation areas, basement storage and a first floor 1-bedroom flat with separate side access. Adjacent to the property is a large car parking area, providing potential for additional redevelopment of the site.

ACCOMMODATION

The property has the following approximate dimensions and principle floor areas:-

Gross Frontage 7.62 m (25’0”)

Internal Width 7.31 m (24’0”)

Shop Depth 6.20 m (20’4”)

Ground Floor

Sales Area 41.34 sqm (445 sqft)

Ancillary 60.61 sqm (655 sqft)

Basement

Store 14.41 sqm (155 sqft)

First Floor

Separate 1-bedroom apartment comprising living kitchen, bathroom and bedroom
_________ _______

Total Gross Floor Area 34.10 sqm (367 sqft)

External

Car parking/additional area with potential for redevelopment.

RATING ASSESSMENT

The property is currently assessed for Uniform Business Rates purposes as follows:-

Description: Shop and Premises
Rateable Value: £7,600

The Uniform Business Rate for 2018/2019 is 49.3 pence in the £.

Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.

The property is currently assessed for Council Tax purposes as follows:-

Council Tax Band: A
Council Tax Payable 2018/2019: £1,138.03

LEASE

The ground floor retail/butcher’s shop is currently let under the terms of an informal 5 year agreement with effect from 4 September 2018 at a current passing rental of £5,280 per annum. The residential accommodation is currently let on an Assured Shorthold Tenancy at a rental of £60 per week.

PRICE

Offers are invited in the region on £150,000 subject to contract – subject to the current tenancies.

VAT

We understand the property is not elected for VAT.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE

An Energy Performance Certificate (EPC) has been commissioned.
22 The Knowl, Mirfield, WF14 9RW
Type: Residential, Retail, Mixed Use, Other Property Types & Opportunities
Location: 22 The Knowl, WF14 9RW
Size: 1622 Sq Ft
Images: 4
Brochures: 1
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For Sale£500,000.00
PUDSEY

Pudsey is a Market Town in West Yorkshire. Originally independent, it was incorporated into the City of Leeds Metropolitan Borough in 1974 and is located mid-way between Bradford and Leeds. Historically, in the West Riding of Yorkshire, it has a population of 22,408. The town was famous in the 18th and 19th Centuries for wool manufacture and from the 19th Century for cricket – Yorkshire and England cricketer Sir Len Hutton, Herbert Sutcliffe, Ray Illingworth and Matthew Hoggard all learnt to play in Pudsey!

The town benefits from a small railway station known as New Pudsey Railway Station and is on the main line between Leeds and Bradford Interchange, one of the major commuter routes in West Yorkshire.

LOCATION

The property occupies a central location, towards the eastern end of Lowtown, being close to its junction with Lidget Hill and at the junction with Manor House Street, which links from Lowtown to Robin Lane.

The parade is well positioned, close to a number of major occupiers including World Choice, Altons and virtually opposite the Wetherby Whaler. There are a large number of local occupiers nearby, restaurants and A5 take-aways. In the immediate vicinity is Bojangles Bar, The Pudsey Liberal Club, Funky Shake, Cuccina Pizzeria and The Pudsey Tavern. Pudsey Town Hall is approximately 50 yards to the east.

DESCRIPTION

The property comprises 4 x retail units, let predominantly to local occupiers but including a unit occupied by Scope with a new 10 year lease in place (break at year 5). Occupiers also include a florist, shoe repairer and a sandwich shop (now closed).

TENANCIES / RENTAL INCOME

The 4 retail units provide a total net income of £41,500 per annum. Unit 3 Lowtown is shortly to become vacant however, strong letting interest has been identified and we anticipate that this tenant will be replaced at the end of their lease in December (if not before) by a new tenant at the current passing rental.

A Schedule of Tenancies is attached. Further information available upon request.

RATING ASSESSMENT

Each of the units are assessed for Uniform Business Rates as follows:-

Address: 1 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £4,700

Address: 3 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £5,800

Address: 5 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £6,200

Address: 7 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £18,500

The Uniform Business Rate for 2018/2019 is 49.3 pence in the £.

PRICE

Offers are invited in excess of £500,000 for the freehold interest subject to the occupational leases. Subject to Contract.

VAT

The property is understood not to be subject to VAT and, VAT will not be chargeable upon the purchase price

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Ratings for each property are:-

3 Lowtown – F – 135

Additional Energy Performance Certificates in relation to the remaining properties are commissioned.
1-7 Lowtown, Pudsey, Leeds, LS28 7BQ
Type: Retail, General Retail, Retail - High Street
Location: 1-7 Lowtown, Pudsey, LS28 7BQ
Images: 2
Brochures: 2
View Property
For Sale£1,970,000.00
PUDSEY

Pudsey is a Market Town in West Yorkshire. Originally independent, it was incorporated into the City of Leeds Metropolitan Borough in 1974 and is located mid-way between Bradford and Leeds. Historically, in the West Riding of Yorkshire, it has a population of 22,408. The town was famous in the 18th and 19th Centuries for wool manufacture and from the 19th Century for cricket – Yorkshire and England cricketer Sir Len Hutton, Herbert Sutcliffe, Ray Illingworth and Matthew Hoggard all learnt to play in Pudsey!

The town benefits from a small railway station known as New Pudsey Railway Station and is on the main line between Leeds and Bradford Interchange, one of the major commuter routes in West Yorkshire.


LOCATION

The property occupies an established retail location, fronting onto Lidget Hill, close to its junction with Church Lane/Lowtown and Robin Lane at the centre of Pudsey.

The main retail area is centred around this crossroads, being close to Pudsey Town Hall and nearby occupiers include National Westminster Bank Plc, HSBC Bank Plc, Yorkshire Bank etc. Nearby on Lidget Hill are Santander, Bloom Hearing Specialists, Co-operative Funeral Care, Specsavers and Ison Harrison Solicitors.

To the rear of the property is one of the major town centre car parks and further car parking is available on Lidget Hill.

DESCRIPTION

The property comprises a 2-storey block of retail and office units, situated in an excellent town centre location. The ground floor comprises a total of 6 retail units, incorporating tenants such as Yorkshire Building Society, St Gemma’s Hospice, Coral Racing and TCCT Retail Ltd. (Thomas Cook). Coral Racing have sub-let part of their unit to TUI Travel Agents.

The first floor is predominantly divided into two office areas, predominantly occupied by Broadhead Peel & Rhodes trading as BPR Heaton Accountants. The remaining upper floors being occupied with ground floor units.

TENANCIES / RENTAL INCOME

The property is currently let on 6 full repairing and insuring leases by way of service charge recovery, producing a total net rental income of £156,940 per annum. The income is well secured on a number of strong covenants, the vast majority of whom have been in occupation for a considerable period of time. Broadhead Peel & Rhodes are currently “holding over” pending the completion of a new lease agreement.

A Schedule of Tenancies is attached. Further information available upon request.

RATING ASSESSMENT

Each of the units are assessed for Uniform Business Rates as follows:-

Address: 19 Lidget Hill, Pudsey, LS28 7LG
Description: Shop, Office & Premises
Rateable Value: £19,000

Address: 21/23 Lidget Hill, Pudsey, LS28 7LG
Description: Bank & Premises
Rateable Value: £26,250

Address: 25 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £14,000

Address: 27 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £10,750

Address: 27A Lidget Hill, Pudsey, LS28 7LG
Description: Offices & Premises
Rateable Value: £24,750

Address: 29 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £14,500

Address: 31 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £11,250

The Uniform Business Rate for 2018/2019 is 49.3 pence in the £.

PRICE

Offers are invited in excess of £1,970,000 for the freehold interest subject to the occupational leases, reflecting a net initial yield in the region of 7.5% after usual purchasers costs. Subject To Contract.

VAT

VAT will not be chargeable on the sale.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Ratings for each property are:-

19 Lidget Hill – E – 123
21 Lidget Hill – C – 66
23 Lidget Hill – C – 55

Additional Energy Performance Certificates in relation to the remaining properties are commissioned.
19-31 Lidget Hill, Pudsey, Leeds, LS28 7LG
Type: Retail, General Retail, Retail - High Street
Location: 19-31 Lidget Hill, Pudsey, LS28 7LG
Images: 4
Brochures: 2
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