16 - 24 Darley Street, Bradford, WYK

The property comprises a terraced building of steel frame construction with concrete cladding, arranged over a basement, ground and two upper floors. The retail accommodation and warehouse are linked via a covered pedestrian corridor at second floor level. The warehouse is arranged over a basement, mezzanine and three upper floors with a large service yard.
The property is located on a pedestrianised section of Darley Street in Bradford town centre, close to the junction with Duke Street and Godwin Street, opposite the Kirkgate Shopping Centre. Bradford Forster Square mainline station is less than half a mile distant, and provides regular services to nearby Leeds.

Sale Notes:
The investment opportunity comprises a prime retail freehold in a town centre location, let to the excellent covenant of Marks & Spencer for an unexpired term of seven years. The property has development potential to be converted to two or three smaller stores, subject to planning.
Offers are sought for the freehold interest in the region of £2,780,000, which would give a net initial yield of 9.02%. The property is let in its entirety to Marks & Spencer Plc for ten years from 28/02/2008 at a passing rent of £265,302 per annum, subject to fixed annual increases of 2% pa, and a six month rolling tenants break option.