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Asda Stores Manor Ln

73,230 SF Retail Building Shipley BD18 3RY £3,265,000 (£45/SF) 7.25% Net Initial Yield

Shops & Retail Properties West Yorkshire Shipley Manor Ln, Shipley, WYK BD18 3RY

Investment Highlights

  • Asda superstore providing 73,230 sq ft (6,803.3 sq m) of supermarket retail accommodation
  • The rent is geared to 1/5th of the full rack-rental value of the property, subject to 5 yearly upward only reviews
  • Located in Shipley town centre, 3.5 miles to the north of Bradford city centre. The superstore forms an integral part of Shipley town centre

Executive Summary

The property comprises a purpose-built superstore along with a parade of retail units and accompanying surface and multi-storey car parks. The property provides a total Gross Internal Area of 73,230 sq ft (6,803.3 sq m) (according to VOA areas). The property also includes a smaller surface car park to the northwest of the main site located between Shipley Medical Practice and Shipley Swimming Pool and shown on the plan below. This car park provides space for approximately 32 cars and is included within the Asda lease summarised below.
The entire property is let on full repairing and insuring terms to Asda Stores Limited for the term of 125 years from 24 July 1988, thereby providing an unexpired term of 89 years.

Attachments

AWS485 Cushman & Wakefield Asda Shipley FINAL (1)

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Supermarket
Building Size
73,230 SF
Building Class
B
Year Built
1985
Price
£3,265,000
Price Per SF
£45
Net Initial Yield
7.25%
NOI
£236,713
Tenancy
Single
Number of Floors
2
Parking
530 Spaces (7.24 Spaces per 1,000 SF Leased)
Frontage
304 ft on Manor Lane

Amenities

  • Signage
  • Storage Space
1 of 1

Nearby Major Retailers

ASDA
National Westminster Bank Plc
T S B
Lloyds Bank
HSBC
Iceland
Virgin Money Plc
Co-op
Lidl
Santander
+44 113 280 8025

  • Listing ID: 33798107

  • Date on Market: 08/11/2024

  • Last Updated:

  • Address: Manor Ln, Shipley BD18 3RY

The Retail Property at Manor Ln, Shipley, BD18 3RY is currently available For Sale. Contact Cushman & Wakefield for more information.

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James Yates

+44 113 280 8025

+44 113 280 8025

Alice Gilman

+44 113 246 1161

+44 113 246 1161

Griff Lewis

+44 20 7935 5000

+44 20 7935 5000

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