Micklegate House Horsefair Pontefract West Yorkshire WF8 1PD

Micklegate House
Horsefair
Pontefract
West Yorkshire
WF8 1PD

Prominent Retail Parade in Historic Market Town

  • Comprises five shops and a solicitor’s office
  • Includes recently renewed leases
  • Approximately 6,422 sq ft
  • Prominent trading location just north of the main pedestrianised town centre retail area
  • Nearby occupiers include Poundland, Wilko and Iceland with other occupiers in the town including Marks & Spencer Simply Food and Tesco Superstore
  • High Yielding on Guide Price
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    59
  • Auction
    13th October 2016
  • Rent
    £64,800 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Prominent Retail Parade in Historic Market Town

  • Comprises five shops and a solicitor’s office
  • Includes recently renewed leases
  • Approximately 6,422 sq ft
  • Prominent trading location just north of the main pedestrianised town centre retail area
  • Nearby occupiers include Poundland, Wilko and Iceland with other occupiers in the town including Marks & Spencer Simply Food and Tesco Superstore
  • High Yielding on Guide Price
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 59
  • Auction 13th October 2016
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
9 miles east of Wakefield, 14 miles south-east of Leeds
Roads
A1(M) (Junction 41), M6 (Junctions 32 and 33)
Rail
Pontefract Baghill Railway Station
Air
Leeds International Airport
Situation

The property is situated in a prominent trading location on the southern side of Horsefair, at the edge of the town's pedestrianised retail area which includes Market Place and Beastfair. Nearby occupiers include Poundland, Wilko and Iceland with other occupiers in the town including Marks & Spencer Simply Food, Argos, Tesco Superstore, New Look and branches of Santander, Barclays and Nationwide Banks.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn rent.

Location
Miles
9 miles east of Wakefield, 14 miles south-east of Leeds
Roads
A1(M) (Junction 41), M6 (Junctions 32 and 33)
Rail
Pontefract Baghill Railway Station
Air
Leeds International Airport
Situation

The property is situated in a prominent trading location on the southern side of Horsefair, at the edge of the town's pedestrianised retail area which includes Market Place and Beastfair. Nearby occupiers include Poundland, Wilko and Iceland with other occupiers in the town including Marks & Spencer Simply Food, Argos, Tesco Superstore, New Look and branches of Santander, Barclays and Nationwide Banks.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn rent.

Description

The property comprises an unbroken retail parade comprising five shops and a solicitor’s office arranged on the ground floor and mezzanine, forming part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Competion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises an unbroken retail parade comprising five shops and a solicitor’s office arranged on the ground floor and mezzanine, forming part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Competion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
1 Ground Retail/Ancillary
61.19 sq m
(659 sq ft)
D.J. STUART
(t/a Debonair Hair Design)
5 years from
01/04/2016 (1)
£5,000 (31/03/2021)
2 Ground Retail/Ancillary
58.00 sq m
(624 sq ft)
K. KANIA
(t/a Polish Shop)
3 years from
10/08/2015
£6,000 (09/08/2018)
3 Ground Retail/Ancillary
72.50 sq m
(780 sq ft)
O. MARCHANT
(t/a Horsefair Washeteria)
3 years from
01/03/2016
£3,300 (28/02/2019)
4 Ground Solicitors Office
75.25 sq m
(810 sq ft)
WRIGHT & CO
(PONTEFRACT) LIMITED
(t/a Wright & Co Solicitors)
6 years from
07/08/2015 (2)
£12,500 07/08/2018
(06/08/2021)
6 Ground Retail/Ancillary
151.70 sq m
(1,633 sq ft)
RACEHEART LIMITED
(t/a Cash Generator) (3)
10 years from
04/11/2011 (4)
£16,500 04/11/2016
(03/11/2021)
Kiosk
Café
Ground
Mezzanine
Ground
Retail/Ancillary
Retail/Ancillary
Café/Ancillary
80.00 sq m
55.55 sq m
42.48 sq m
(861 sq ft)
(598 sq ft)
(457 sq ft)
M.S. AMEER
(t/a Kiosk Newsagent and Frangie’s Café)
10 years from
17/12/2009
£21,500 16/12/2019
(17/12/2019)
Totals    
596.67 sq m
(6,422 sq ft)
    £64,800  

(1) The lease provides for a tenant only break option on 1st April 2019.
(2) The lease provides for a tenant only break option on 7th August 2018. The tenant will receive a 3 month rent-free period if they do not exercise their break option.
(3) For the year ending 31st March 2016, Raceheart Limited reported a total net worth of £876,080. Cash Generator trade from over 100 shops nationwide (Sources: Experian Group and www.cashgenerator.co.uk 12/09/2016).
(4) The lease provides for a tenant only break option on 4th November 2017. If the tenant does not exercise their break option it will pay a
reduced rent of £12,375 per annum from 4th November 2017 until 4th November 2018.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    104 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    641 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Peter Brown & Co, Solicitors LLP Ground & First Floor, Comer House, 19 Station Road
New Barnet
EN5 1QJ
Richard Streat 0208 447 3277richard@peterbrown-solicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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