49-51 North Parade, Bradford, West Yorkshire

Description

The property comprises a high yielding retail investment occupying a prominent pitch. Arranged as a ground floor shop with vacant ancillary upper parts. The property offers asset management potential to increase rent roll by letting the vacant upper parts.

Accommodation

Ground floor shop with vacant ancillary upper parts

Location

Prominent pitch

Tenure / Property Information

Investment Analysis

The £90,000 guide is not independently supportable from the supplied evidence. The two Bradford comparables are for 33 North Parade, not 49-51, are dated 2019 and described only as 'Other', so they do not provide a reliable current valuation basis. The property has a 5-year lease commencing 17 November 2025 to Thai Fever Restaurant Limited, but no passing rent is supplied. The vacant upper parts create stated asset-management potential, but no accommodation detail, condition, planning or letting evidence is provided.

Investment Snapshot

Strategy Recommendation

Proceed only as a due-diligence-led commercial asset-management opportunity, subject to verifying the lease, passing rent, tenant covenant and the lawful, lettable condition of the vacant upper parts. Do not rely on the guide as an established valuation.

Works Required

Verify the existing lease and tenant covenant, inspect the vacant upper parts, confirm their lawful use and compliance requirements, and assess the works required before marketing them. No physical refurbishment allowance can be supported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A refinance assessment cannot be completed because current passing rent, supported GDV, works cost, buyer costs and lending terms are unavailable. The vacant upper parts may offer value-creation potential, but this requires verification of use, condition, compliance and achievable rent.

Buy-to-Let Analysis

This is a commercial retail investment rather than a residential BTL. The lease term is supplied, but the passing rent, rent review provisions and tenant covenant information are not. The £595 pcm figure is an advertised asking rent for a Bradford commercial property and is not identified as rent for this property, so a property-specific yield cannot be established.

Flip Analysis

A flip surplus cannot be calculated. There is no supported current GDV, refurbishment budget, transaction-cost allowance or selling-cost allowance. The supplied 2019 sales at a different address are insufficient evidence for resale value.

Investor Risks & Due Diligence

• Passing rent is not supplied, preventing income and yield verification.

• The upper parts are vacant and their lawful use, condition, compliance requirements and letting prospects are unconfirmed.

• The £595 pcm rental evidence is a generic advertised asking rent and is not identified as relating to this property.

• The supplied comparable sales are for a different property, date from 2019 and are not sufficiently detailed for a current valuation.

• Tenant covenant, lease terms beyond the stated term and rent review provisions are not supplied.

• Buyer, administration, refurbishment and other transaction costs are not supplied.

Recommendation

Proceed only as a due-diligence-led commercial asset-management opportunity, subject to verifying the lease, passing rent, tenant covenant and the lawful, lettable condition of the vacant upper parts. Do not rely on the guide as an established valuation.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, occupancy structure and lease commencement, but omits passing rent, property-specific rental evidence, accommodation details, condition, planning/use information, EPC, costs and reliable current comparables.