Manningham Lane Retail Park, Manningham Lane, Bradford, West Yorkshire BD1 3AH

Bradford, BD1 3AH

Sold

Price £6,925,000

Rent (pa) £517,000

Yield 7%

Investment Summary

Foodstore anchored retail park investment opportunity
Recently refurbished single storey retail warehouse units with extensive parking provision
Prominently located nearby all city centre amenities and transport links
Complimentary retail provision of Forster Square Shopping Park, Forster Square Retail Park, Oastler Shopping Centre,
The Broadway and Kirkgate Shopping Centre, all within close proximity
Excellent catchment with a population of over 530,000 people making it the fourth largest Metropolitan Authority in England
Total floor area of 50,819 sq ft across four units on a large site of c 4.25 acres (27 % site coverage)
Modern units with 207 car parking spaces (1:245 sq ft)
The property benefits from a full open A1 unrestricted planning consent
Let to JD Sports Gyms Limited, Jysk Limited and Iceland Foods Limited (t/a The Food Warehouse)
Total topped up rental income of £517,000 per annum
Low average topped up rent of £10.17 psf
WAULT of 8.4 years to expiry (7.4 years to break)
Freehold
Each existing unit can be easily sub-divided having previously traded with six different tenants
Underwritten by alternative use value for last mile industrial / trade counter
48% of the income from Iceland Foods Limited (Total net worth in excess of £720m)