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Agent's details

Forward House - 8 Duke Street, Bradford, BD1 3QX

For sale: £750,000.00|28,024 Sq Ft|Offices, Residential

Property details

FOR SALE£750,000.00
SIZE28,024 Sq Ft
ADDRESS Forward House, Duke Street, Bradford, BD1 3QX
TYPEOffices, Residential
TENUREFor Sale Leasehold
POSTED ON6th June 2019

Description

LOCATION

The property occupies a prominent corner position at the junction of Duke Street and Upper Piccadilly, close to the shopping areas around Darley Street and the Kirkgate Shopping Centre. The surrounding area is a mix of secondary retail, offices and residential. The Kirkgate Centre has recently announced the opening of the new TJ Hughes Department Store and Boyes Department Store. Nearby on Darley Street is the former Marks & Spencer building, which has been acquired by Bradford Council together with adjoining buildings, to create a new “market lead” shopping development which will relocate the market from The Oastler Centre.

Nearby, a number of buildings have recently been converted to residential use, including the prestigious residential development at Manor Buildings by MMR Construction and, a number of other buildings including the reconstruction of Leeds House by the Priestley Group and developments on Piccadilly by the Sekhon Group. A large former office building on Piccadilly has now been converted to be occupied by a health care practice.

The property is close to the Forster Square Station and within easy walking distance of a number of car parks and all shopping amenities.

PROPERTY

The offices in Forward House comprises the Ground, First and Basement levels, of this substantial, presumably former Wool Warehouse and Office Building. The property includes the following specification:-

• Reception area, with security access divides
• Large open plan office areas
• Separate DDA compliant entrance and wheelchair lift
• Air conditioning units
• Powder coated thermally insulated aluminium double glazing
• Suspended ceilings with recessed lighting
• Toilet facilities on each floor and disabled access toilets at ground floor level
• Shower facilities on first floor
• Archive storage area
• Individual meeting rooms in reception area
• Feature private offices utilising attractive timber partitioning
• Skirting trunking

ACCOMMODATION

The premises provide the following approximate dimensions and net internal floor areas:-

Forward House

Basement 773.50 sqm (8,362 sqft)

Ground Floor 588.26 sqm (6,332 sqft)

First Floor (Offices) 786.42 sqm (8,465 sqft)

First Floor (Archive Stores) 184.50 sqm (1,986 sqft)

Equity Chambers

Ground Floor 267.47 sqm (2,879 sqft)
___________ __________
Total Net Internal Area 2,600.15 sqm (28,024 sqft)

RATING ASSESSMENT

The property is currently assessed for rating purposes as follows:-

Description: Offices and Premises
Rateable Value: £82,000

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.

PLANNING

The property has last been occupied for office purposes and, we understand that this forms part of a Listed building.

The property now benefits from planning permission for the construction of 28 Apartments under two planning consents.

The scheme provides for 24 one bed, and 4 two bed units.

Further details available upon request

VAT

VAT will be charged at the standard rate.

PRICE

The property is also available upon a long leasehold basis, for a term of 250 years, at a ground rent of £1. The sale would be subject to the normal service charge appropriate with a larger building on a long leasehold basis.

A price of £750,000 – Plus VAT – are sought for the long leasehold interest with full vacant possession.

The ground rents for the flats above, and the freehold may also be available, at an additional price – details upon application

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.

Location

marker
Location: Forward House, Duke Street, Bradford, BD1 3QX

Bradford Interchange (0.3 miles)

Bradford Forster Square (0.7 miles)

Frizinghall (2.1 miles)

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