2 / 12 Market Place
Dewsbury
West Yorkshire
WF13 1DH

Freehold Retail Investment

  • Let to Peacocks Stores Limited until March 2023 (subject to option)
  • Approximately 17,222 sq ft
  • Adjacent to HSBC and opposite the pedestrianised section of Market Place
  • Prominent position in popular West Yorkshire market town
  • Lot
    19
  • Auction
    07/Dec/2017
  • Rent
    £140,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,100,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
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Property Information

Location
Miles
9 miles south-west of Leeds, 10 miles south-east of Bradford
Roads
A638, A644, M1 (junction 40), M62 (junction 25)
Rail
Dewsbury Railway Station
Air
Leeds Bradford Airport
Situation

The property is prominently situated on the eastern side of Market Place, with a return frontage on Bond Street, in the heart of Dewsbury town centre. Princess of Wales Precinct is located nearby, with occupiers including Boots the Chemist, WHSmith, Greggs, New Look and Poundland, with other occupiers in the town including Wilko and JD Wetherspoon.

Tenure

Freehold.

Description

The property comprises a large well configured ground floor shop with ancillary accommodation on the first floor and plant on the second floor. The property benefits from a small separate parcel of land to the rear of the property that is not demised to the tenant.

VAT

VAT is applicable to this lot.

Completion Period

Completion - 25th January 2018

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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Second
Retail/Ancillary
Ancillary
Plant
739.79 sq m
853.96 sq m
6.22 sq m
(7,963 sq ft)
(9,192 sq ft)
(67 sq ft)
PEACOCKS
STORES LIMITED
(1)
15 years from
31/03/2008 (2) on a
full repairing and
insuring lease
£140,00031/03/2018
(30/03/2023)
Separate
Rear Land
-
-
-
VACANT---
Totals
1,599.97 sq m
(17,222 sq ft)
  £140,000 

(1) For the year ending 27th February 2016, Peacocks Stores Limited reported a turnover of £369,711,000, a pre-tax profit of £67,879,000 and a total net worth of £141,072,000 (Source: Experian Group 09/11/2017). Peacocks trade from some 450 stores and are a part of the Edinburgh Woollen Mill Group, which includes brands such as Edinburgh Woollen Mill, Jane Norman and Ponden Home (Source: www.peacockscorporate.co.uk 09/11/2017).
(2) The lease provides for a tenant option to determine on 31st March 2020.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.11.17
    File Size
    64 MB
    Login to View
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 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
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Associate Auctioneers
HP Four LLP 17 Grosvenor Street
London
W1K 4QG
Jeremy Roger 020 3758 8262jeremy.roger@hpfour.co.uk
Seller's Solicitors
Hogan Lovells Solicitors Atlantic House, Holburn Viaduct
London
EC1A 2FG
Janan Kanagaratnam 0207 296 2000janan.kanagaratnam@hoganlovells.com

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