14/16 Kirkgate Wakefield West Yorkshire WF1 1SP

14/16 Kirkgate
Wakefield
West Yorkshire
WF1 1SP

Majority Freehold Retail Investment

Entirely let to BHS plc until 2024
Pedestrianised City Centre location
Secondary frontage and access inside the Ridings Shopping Centre
Approximately 3,521.60 sq m (37,907 sq ft)
Neighbouring occupiers include Marks & Spencer, TK Maxx, Boots the Chemist and Santander

Lot
26
Auction
5th December 2013
Rent
£440,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle acting as Joint LPA Receivers

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Majority Freehold Retail Investment

Entirely let to BHS plc until 2024
Pedestrianised City Centre location
Secondary frontage and access inside the Ridings Shopping Centre
Approximately 3,521.60 sq m (37,907 sq ft)
Neighbouring occupiers include Marks & Spencer, TK Maxx, Boots the Chemist and Santander

Lot 26
Auction 5th December 2013
Rent £440,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle acting as Joint LPA Receivers

Property Information

Location

Miles: 8 miles south of Leeds; 5 miles east of Dewsbury
Roads: M1, M62, A1
Rail: Wakefield Westgate Rail, Wakefield Kirkgate
Air: Leeds Bradford Airport

Situation

The property is situated on the south side of Kirkgate, in a prime pedestrianised retail pitch, directly opposite Wakefield Cathedral. The Cathedral Walk entrance to the major Ridings Shopping Centre is some 30 metres west, and the property benefits from secondary frontage within the shopping centre.

Tenure

Freehold. Majority Freehold. A small part to the rear providing access to The Ridings Shopping Centre, is held on a 99 year lease from 17th October 1983 at a peppercorn rent.

Location

Miles: 8 miles south of Leeds; 5 miles east of Dewsbury
Roads: M1, M62, A1
Rail: Wakefield Westgate Rail, Wakefield Kirkgate
Air: Leeds Bradford Airport

Situation

Tenure

Freehold. Majority Freehold. A small part to the rear providing access to The Ridings Shopping Centre, is held on a 99 year lease from 17th October 1983 at a peppercorn rent.

Description

The property comprises a substantial department store with retail sales on the ground and first floors, together with ancillary accommodation in the basement and on the second floor.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Reviews
Basement Ground First Second	Ancillary Retail Retail and Ancillary Ancillary	197.80 sq m 1,719.90 sq m 1,510.70 sq m 93.20 sq m	(2,129 sq ft) (18,513 sq ft) (16,261 sq ft) (1,004 sq ft)	BRITISH HOME STORES PLC (1)	25 years from 29/09/1999 until 29/09/2024 on a full repairing and insuring lease	£440,000	29/09/2014 & 5 yearly
Totals		3,521,60 sq m	(37,907 sq ft)			£440,000

(1) For the year ending 25th August 2012, BHS Limited reported a turnover of £699,769,000 (Source: www.riskdisk.com 07/11/2013). BHS Limited operate from 179 stores throughout the United Kingdom.