E052 Little Germany, doorstep of Westfield Broadway, Bradford BD1
The Freehold Reversionary interest of a magnificent refurbishment of a prestigious six storey Grade II listed 19th Century Textile Warehouse
on the doorstep of The Westfield Broadway Shopping Centre
comprising seventy one Apartments and one commercial unit
sold on 250 year leases from 1st January 2016
at a combined (rising) ground rent of £21,600 per annum
The ground rents are reviewed every five years in line with RPI upward only with Time not of the Essence in the event of any late reviews
THE NEXT REVIEW IS IN LESS THAN TWO YEARS
The Landlord insures, manages and recovers costs by way of Service Charge
as ADDITIONAL RENT
Sum insured: £7.25M; Renewal date: 22nd July 2019
The Lessees cannot make any alterations without the Landlord’s consent
The Landlord owns everything above the ceilings, below the floors, the building envelope, the common parts, including the gymnasium, and has the right to develop as they see fit
Section V Notices will be served by GRB
Documents held (electronically): Lease; Office Copy and Plan; Floor Plans for all six floors; Insurance Summary of Cover; GRB overview of the history and current status with further supporting docs
Original Developer Selling
Guide Price: Offers in excess of £500,000
