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1-3 Wakefield Rd - Adwalton House

9,860 SF Health Care Building Offered at $3,494,060 at a 5.90% Cap Rate in Bradford BD11 1DH

Investment Highlights

  • New 25 Year FRI Lease to GP Practice
  • WAULT – 23 years 7 months
  • Over 90% of the rent being NHS reimbursed
  • Total Rental Income - £172,840 per annum on FRI Terms
  • 3 yearly upwards only rent reviews

Executive Summary

Freehold for sale. Offers in the region of £2,750,000. A purchase at this level will show a yield of 6% net with purchasers’ costs at 6.8%.
Medical Centre and Pharmacy Sale and Leaseback.
- New 25 Year FRI Lease to GP Practice
- Existing Pharmacy Lease - Rent £13,080 pa
-Total Rental Income - £172,840 per annum on FRI Terms.

Property Facts

Price $3,494,060
Price Per Bed $174,703
Sale Type Investment
Cap Rate 5.90%
Sale Conditions Sale Leaseback
Tenure Freehold
Property Type Health Care
Lot Size 0.52 AC
Building Size 9,860 SF
No. Beds 20
No. Stories 2
Year Built 2004
Parking Ratio 2.13/1,000 SF

Amenities

  • Wheelchair Accessible
  • Energy Performance Rating - B
  • Smoke Detector
  • Listing ID: 33233118

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: 1-3 Wakefield Rd, Bradford BD11 1DH

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