Predominantly let to Poundworld Retail Limited on a 10 year lease until May 2019
Approximately 984.70 sq m (10,599 sq ft)
VAT-free investment
Excellent pedestrianised trading location opposite Carlton Lanes Shopping Centre
Nearby occupiers include Marks & Spencer, Greggs and Co-Operative Food
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
Lot 53
Auction 11th December 2014
Rent £60,000 per Annum Exclusive
Status Sold
Price £542,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
10 miles south-east of Leeds, 20 miles south-west of York
Roads
M62, A1(M)
Rail
Castleford Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated in the town centre on the pedestrianised Carlton Street, the town’s principal retailing thoroughfare. Situated opposite an entrance to Carlton Lanes Shopping Centre, the property also benefits from a large public car park for 260 spaces to the rear, accessed via Carlton Lane Arcade.
Tenure
Freehold.
Location
Miles
10 miles south-east of Leeds, 20 miles south-west of York
Roads
M62, A1(M)
Rail
Castleford Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated in the town centre on the pedestrianised Carlton Street, the town’s principal retailing thoroughfare. Situated opposite an entrance to Carlton Lanes Shopping Centre, the property also benefits from a large public car park for 260 spaces to the rear, accessed via Carlton Lane Arcade.
Tenure
Freehold.
Description
The property comprises a substantial retail unit on the ground floor with ancillary accommodation on the first floor.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial retail unit on the ground floor with ancillary accommodation on the first floor.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail/Ancillary Ancillary
518.10 sq m 466.60 sq m
(5,577 sq ft) (5,022 sq ft)
POUNDWORLD RETAIL LIMITED (1)
10 years from 26/05/2009 on a full repairing and insuring lease
£60,000
25/05/2019
Totals
984.70 sq m
(10,599 sq ft)
£60,000
(1) Poundworld now trade from over 180 stores nationwide, employing over 5,100 employees (Source: Company website). For the year ending 31st March 2014, Poundworld Retail Limited reported a turnover of £345,259,000, pre-tax profits of £5,002,000 and a total net worth of £11,498,000. (Source: www.riskdisk.com 10/11/2014) NB. Please note that an area of land to the rear is let to CM Brown (sublet to British Heart Foundation) for a term of 99 years from 1st August 1946 at nil rent.
