Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Administrators
Property Information
Location
Miles
12 miles north west of Harrogate 27 miles north of Leeds 29 miles north-west of York
Roads
A1 (M), A61
Rail
Ripon Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated on the east side of Market Place, the principal retail location within Ripon City Centre. The property benefits from being adjacent to Sainsbury’s supermarket and from nearby occupiers including WH Smith, Boots the Chemist, Dorothy Perkins and Barclays Bank. A short distance to the east of the property is one of the main shoppers car parks.
Tenure
Freehold.
Location
Miles
12 miles north west of Harrogate 27 miles north of Leeds 29 miles north-west of York
Roads
A1 (M), A61
Rail
Ripon Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated on the east side of Market Place, the principal retail location within Ripon City Centre. The property benefits from being adjacent to Sainsbury’s supermarket and from nearby occupiers including WH Smith, Boots the Chemist, Dorothy Perkins and Barclays Bank. A short distance to the east of the property is one of the main shoppers car parks.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on first and second floors. The upper floors can be separately accessed via a side entrance.
Buyer's Legal 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.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Six Week Completion
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 ground floor retail unit with ancillary accommodation on first and second floors. The upper floors can be separately accessed via a side entrance.
Buyer's Legal 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.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Six Week Completion
VAT
VAT is 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 Second
Retail/Ancillary Ancillary Ancillary
189.70 sq m 180.04 sq m 45.15 sq m
(2,042 sq ft) (1,938 sq ft) (486 sq ft)
THE WORKS STORES LIMITED (1)
5 years from 20/05/2015 on a full repairing and insuring lease (2) (3) (4)
£27,500
19/05/2020
Totals
414.90 sq m
(4,466 sq ft)
£27,500
(1) For the year ending 27th April 2014, The Works Stores Limited reported a turnover of £127,960,000, pre-tax profits of £5,838,000 and a net worth of £10,022,000. (Source: www.riskdisk.com) (2)The tenant is currently occupying under the terms of an existing lease for 5 years from 20th May 2010. (3)The lease provides for a tenant option to determine on 20th May 2018, subject to 6 months’ prior written notice. (4)The lease is subject to a schedule of condition.
