Commercial Development
A freehold commercial investment generating £13,860 per annum. The lease generating the rent has a 125 year term from 2007; it details a rent of 14% of market rent, with 5 yearly upward-only rent reviews. The property comprises a two storey office premises which is occupied via sub-leases.
The property enjoys a popular location close to the junction of Ashley Lane and Salts Mill Road on the northern periphery of Shipley Town Centre. The area provides excellent links to the A6038 (Otley Road), the A657 (Leeds Road) and A650 (Bradford Road). The surrounding area forms one of the major regeneration successes in Shipley. Rail links are available from Shipley Railway Station and Saltaire Railway Station.
Festival (Shipley) Management Company Limited.
14% of market rent (currently set at £13,860pa).
5 yearly and upward only. 2022 review outstanding.
125 years from August 2007.
Freehold.
