For the Seller's Legal Pack, please click the Property Documents tab below
Lot 116
Auction 13th October 2016
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
10 miles south of Leeds, 13 miles north-east of Huddersfield, 24 miles north of Sheffield
Roads
A61, A642 M1 (Junction 40)
Rail
Wakefield Westgate
Air
Leeds Bradford Airport
Situation
The property is prominently situated on the popular retailing thoroughfare of Northgate at its junction with Rishworth Street. The property benefits from being adjacent to the Rishworth Street multi storey car park and opposite Borough Road Car Park. Nearby occupiers include the Post Office and Co-operative Bank.
Tenure
Long Leasehold. Held on three separate headleases from City of Wakefield Council, at a total rent of £10,793 p.a. with each lease expiring in 2068. See legal pack for further information.
Location
Miles
10 miles south of Leeds, 13 miles north-east of Huddersfield, 24 miles north of Sheffield
Roads
A61, A642 M1 (Junction 40)
Rail
Wakefield Westgate
Air
Leeds Bradford Airport
Situation
The property is prominently situated on the popular retailing thoroughfare of Northgate at its junction with Rishworth Street. The property benefits from being adjacent to the Rishworth Street multi storey car park and opposite Borough Road Car Park. Nearby occupiers include the Post Office and Co-operative Bank.
Tenure
Long Leasehold. Held on three separate headleases from City of Wakefield Council, at a total rent of £10,793 p.a. with each lease expiring in 2068. See legal pack for further information.
Description
The property comprises a retail parade of eight retail units arranged over the ground, basement and first floors.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a retail parade of eight retail units arranged over the ground, basement and first floors.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) The lease provides a tenant option to determine on 04/07/2021. (2) For the purposes of clarification, Unit 81 is currently benefitting from a one year concessionary rent of £6,750 p.a. The seller has agreed to adjust the completion monies so that the unit will effectively produce £10,000 p.a.x. from completion of the sale. The lease provides a tenant option to determine on 31/05/2019. (3) The lease provides a tenant option to determine on 17/07/2017.