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78 Little Horton Lane, Bradford, BD5

Land for sale

£1,100,000
£1,100,000
Total price
SOA
Space

The property comprises a substantial and imposing listed building being a former chapel of ornate and attractive design constructed in stone under a slate covered roof.

Much of the property was extensively converted approximately 5 years ago to provide a retail unit at ground floor level and 28 bedsit apartments over ground and first floors.

To the second floor the accommodation has the potential to provide a further 10 bedsit apartments or may be suitable for alternative use (subject to planning).

The ground floor shop is currently let for a term expiring 1st December 2018 at a rent of £12,000per annum

The 28 apartments are currently let to a single tenant by way of a lease expiring 31st October 2019 at a rent of £78,000per annum.

Copies of leases are available upon request.

The property therefore generates a current rental of £90,000 per annum with scope for increases in this by converting the second floor space and/or asset management of the existing leases as they expire.

Listed Features

  • Multiple floors
  • General Retail
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