Excellent location close to the main entrance of The Ridings Shopping Centre
Other occupiers in the shopping centre include Marks & Spencer, Primark, Sports Direct, WHSmith, Boots the Chemist and Poundworld
Located close to Merchant Gate Regeneration Scheme
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 39
Auction 30th March 2017
Rent £250,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
10 miles south of Leeds, 24 miles north of Sheffield
Roads
A61, A642 M1 (Junction 40)
Rail
Wakefield Westgate (direct link to London King’s Cross) and Wakefield Kirkgate Railway
Air
Leeds/Bradford Airport
Situation
The property is situated on the Upper Mall level of The Ridings Shopping Centre, which is located in the heart of Wakefield City Centre, just a short walk from both Wakefield Westgate and Wakefield Kirkgate Railway Stations. The Ridings Shopping Centre houses occupiers including Marks & Spencer, Boots the Chemist, Primark, Sports Direct and Poundworld. The shopping centre comprises approximately 100 units providing over 345,000 sq ft of retail accommodation and provides car parking for approximately 1,070 cars over 3 car parks, each with direct access to the mall.
Tenure
Long Leasehold. Held for a term of 125 years (less 12 days) from 17th October 1983 until 4th October 2108 at a peppercorn rent.
Location
Miles
10 miles south of Leeds, 24 miles north of Sheffield
Roads
A61, A642 M1 (Junction 40)
Rail
Wakefield Westgate (direct link to London King’s Cross) and Wakefield Kirkgate Railway
Air
Leeds/Bradford Airport
Situation
The property is situated on the Upper Mall level of The Ridings Shopping Centre, which is located in the heart of Wakefield City Centre, just a short walk from both Wakefield Westgate and Wakefield Kirkgate Railway Stations. The Ridings Shopping Centre houses occupiers including Marks & Spencer, Boots the Chemist, Primark, Sports Direct and Poundworld. The shopping centre comprises approximately 100 units providing over 345,000 sq ft of retail accommodation and provides car parking for approximately 1,070 cars over 3 car parks, each with direct access to the mall.
Tenure
Long Leasehold. Held for a term of 125 years (less 12 days) from 17th October 1983 until 4th October 2108 at a peppercorn rent.
Description
The property comprises a large single floor shop, forming part of the larger Ridings Shopping Centre.
VAT
VAT is applicable to this lot.
Completion Period
Eight Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large single floor shop, forming part of the larger Ridings Shopping Centre.
VAT
VAT is applicable to this lot.
Completion Period
Eight Week Completion
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
Upper Mall Level Upper Mall Level
Retail/Ancillary Plant
1,986.82 sq m 103.96 sq m
(21,386 sq ft) (1,119 sq ft)
TJX UK (1) t/a TK Maxx
10 years from 26/12/2011 on a full repairing and insuring lease
£250,000
25/12/2021
Totals
2,090.78 sq m
(22,505 sq ft)
£250,000
(1) For the year ending 30th January 2016, TJX UK reported a turnover of £2,434,000,000, pre-tax profits of £142,300,000 and a total net worth of £599,400,000 (Source: Experian Group 27/02/2017). TK Maxx trade from about 400 stores in the UK & Europe (Source: www.tkmaxx.com 27/02/2017).
