Carlisle Road, Bradford, BD8 Investment Property For Sale in Bradford

Introduction

***For Sale by Modern Method Auction*** Your Choice estate Agents are please to offer a unique opportunity to purchase an empty retail property situated on the bustling Carlisle Road in the heart of Manningham, Bradford, is not to be missed. The property, priced at an asking price of £150,000, currently offers for 1 bedroom, 1 bathroom, retail/reception rooms, allowing the potential owner complete creative freedom. Standing at an impressive three-storey height, the property has ample space for any prospective business. Viewing highly recommended.

Description

***For Sale by Modern Method Auction***

Your Choice estate Agents are please to offer a unique opportunity to purchase an empty retail property situated on the bustling Carlisle Road in the heart of Manningham, Bradford, is not to be missed. The property, priced at an asking price of £150,000, currently offers for 1 bedroom, 1 bathroom, retail/reception rooms, allowing the potential owner complete creative freedom. Standing at an impressive three-storey height, the property has ample space for any prospective business.

As you enter the premises on the ground floor, you are greeted by a significant open space suitable for any retail undertaking. Whether your plan is for a shop, café, or office space, the sky's the limit. The property’s structure allows for plenty of natural lighting, creating an inviting and comfortable atmosphere for potential customers or clients.

Venture upstairs and the flexibility of this property continues to shine. With two more expansive floors, the possibilities are endless. Each floor can be tailored to fit any specific need - whether that be additional retail space, offices, or storage areas. The top floor, like the ground floor, benefits from large windows, providing excellent natural lighting.

The Carlisle Road location is a significant benefit of this property. Manningham in Bradford is a lively, vibrant area, benefiting from a great deal of foot traffic, which any retail business would thrive on. Nestled amongst a mixture of both independent and chain retailers, your business could find its perfect home here.

In summary, this intriguing property offers a blank canvas for any discerning buyer brimming with ideas. Although it currently lacks typical room divisions, its versatility, ample space spread over three floors, and prime location on Carlisle Road, create a unique opportunity and a worthwhile investment.

Flat above the shop;

EPC Ref: (CEPC  )

https://find-energy-certificate.service.gov.uk/energy-certificate/0290-3967-0371-9450-4054

https://find-energy-certificate.service.gov.uk/energy-certificate/9395-4059-0617-0400-4725

5 Carlisle Road Bradford BD8 8AB

The property comprises of 4 storey mid terrace semi commercial retail shop.

Frontage to Carlisle Road Bradford BD8. The property benefits with a retail shop/office, basement, 1 bedroom first/second floor flat which is currently let and income producing, in addition to a shop fronted on ground floor shop complete with basement stores which currently stands let.

ENTRANCE to Shop floor area

A open space to ground shop floor space with a window to the front.

ACCOMMODATION

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

Please see floor Plan

Commercial Element

Ground Floor shop

retail/sales area with central recessed access doorway and high ceiling throughout

Basement

One large Storage Rooms

Residential Element

Floor & Second floor

 stair case:

First Floor, Kitchen, bathroom plus living room

Second Floor Double bedrooms

Alternatively our client will consider flexible terms of leasing the commercial element only on a full repairing and insuring basis for a term of 3-5 years or Longer.

RENTAL POTENTAIL

Property can be let to produce rental income of £10-15k Per Annum for the commercial retail shop with basement and 1 bed flat.

SALE PRICE

The entire property is offered for sale for asking price of offers in the region of £150,000 in writing to the agent only.

LEGAL COSTS

Each party will be responsible for their own legal costs. Should a letting be agreed for the commercial element, if rental interests then the ingoing tenant will be responsible for both party’s legal costs.

VAT

All prices and rentals quoted are exclusive of any

VAT liability – if applicable.

VIEWING

Viewings are strictly by appointment only with SOLE AGENTS Your Choice Estate Agents Call us today

On or via email on .

DIRECTIONS

Leaving from Your Choice estate agents head on to South of Toller Lane towards city centre). Carry on to the first set of traffic lights and turn on left on Carlisle rd and property is located about half mile on right.

For Sale by Modern Auction – T & C’s apply

Disclaimer

For sale by Conditional Online Auction.

Terms

Auction Method:

The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.

The time slot for the auction is displayed on Your Choice Auctions’ website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.

You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.

When you place your bid, you are deemed to have agreed to Your Choice Auctions’ Buyers Terms (England & Wales) which are available on Your Choice website.

Auction type - Conditional with Fixed Fee

If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 56 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 56-business day reservation period, the seller is not able to accept other offers.

Auction Fees

The following non-refundable fees apply:

Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:

(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000

(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000

The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price.

Deposit

On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards as part of the purchase price.

Payment Method

When you register to bid, you will be prompted to provide your payment details to Your Choice Auctions In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer’s Fee & Deposit. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.

Example: If you win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:

Buyer’s Fee of £7,200- 4.8% of guide price

Deposit of £7,500- 5% of the guide price

As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:

£960 for Buyer’s Fee shortfall (£8160 due as 4.8% of actual purchase price)

£1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price)

Legal Pack

Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.

To view the legal pack, first search for the property on Your Choice Auctions’ website and click onto the property to view the property details. There will be a sub-heading “Legal Documents”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.

The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

Buyer Information about legal pack

If the Buyer Information Pack has been produced and provided by Your Choice any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Special Conditions of Sale

The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of Your Choice Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Any successful buyer will pay this to secure the sale. **The reservation fee is in addition to the purchase price**. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller chooses pay no fees to sell via this method. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price as result.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavors must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor. For More details please check with your solicitors.

A non-refundable Reservation fee must be paid by the buyer by 3pm on the same day following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.

Buyer Other Fees to Consider

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

• You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our recommended Solicitors who are all selected prior for their expertise in Auction Transactions. Please call the number below for more information.

• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information. Please check with your solicitor prior to bidding or placing the offer to plan your purchase.

Registration Process

To register to bid on the property, search for the lot on Your Choice Auctions’ website. Click onto the property, follow the link to “Log in/register to bid”, and you will then be directed to create an account with the online-bidding platform provider, Offr.

Need More Information?

For further information or to speak to one of our team, please call 01274 493333. or email us on info@ycea.co.uk

TENURE

The property is believed to be FREEHOLD at present

Services we offer and arrange:

• Residential Sales & Management

• Commercial Sales & Lettings

• Property Portfolio Management

• Residential & Commercial Mortgages

• Property & Business insurance

• Property repairs of all types

• Accommodation reports for immigration.

Are you thinking of selling or even letting your property!

Call us today on for a FREE VALUATION without obligation

NO SALE OR LET - NO CHARGE

Directions

From: Your Choice Estate Agents (Toller Lane Bradford - BD8 9DA)
To: BD8 8AB
0.8 mi (3 mins)

Head east on Toller Ln/B6144 toward Lower Westfield Rd
Turn left onto Carlisle Rd/A6177 - Destination will be on the right