92 Bridge Street Castleford Leeds WF10 4LA

92 Bridge Street
Castleford
Leeds
WF10 4LA

Freehold Motor Trade Investment

Entirely let to Kwik-Fit (GB) Limited (guaranteed by Kwik-Fit Holdings Limited) until 2032
Minimum fixed rental uplift to a minimum of £25,040.32 p.a.x in 2017
Located on the busy Bridge Street (A656) less than 200 metres from Castleford town centre
Six Week Completion

Lot
29
Auction
5th December 2013
Rent
£21,600 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Motor Trade Investment

Entirely let to Kwik-Fit (GB) Limited (guaranteed by Kwik-Fit Holdings Limited) until 2032
Minimum fixed rental uplift to a minimum of £25,040.32 p.a.x in 2017
Located on the busy Bridge Street (A656) less than 200 metres from Castleford town centre
Six Week Completion

Lot 29
Auction 5th December 2013
Rent £21,600 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Motor Trade, Petrol Station
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 8 miles north-east of Wakefield, 11 miles south-east of Leeds
Roads: A656, M62 (Junction 32), M1 (Junction 42)
Rail: Castleford Rail
Air: Leeds Bradford International Airport

Situation

The property is situated in a prominent position on the southern side of Bridge Street (A656) providing direct access to the M62 Motorway (Junction 32). Castleford’s primary retailing thoroughfare on Carlton Street lies less than 220 metres to the north.

Tenure

Freehold.

Location

Miles: 8 miles north-east of Wakefield, 11 miles south-east of Leeds
Roads: A656, M62 (Junction 32), M1 (Junction 42)
Rail: Castleford Rail
Air: Leeds Bradford International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor tyre depot with reception area and storage and staff accommodation. The property also benefits from a forecourt with car parking spaces for approximately 7 cars, 5 roller shutter doors and an approximate site area of 0.06 hectares (0.16 acres).

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
Ground	Motor Trade	334 sq m	(3,595 sq ft)	KWIK-FIT (GB) LIMITED (1) guaranteed by Kwik-Fit Holdings Limited (2)	25 years from 20/03/2007 until 19/03/2032	£21,600	20/03/2017 and 20/03/2022 (3)
Totals		334 sq m	(3,595 sq ft)			£21,600 rising to a minimum of £25,040.32 (3)

(1) Kwik Fit are experts in automotive repair including tyres, MoT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 Centres. (Source: www.kwik-fit.com 29/10/2013)
(2)For the year ending 31st March 2012, Kwik-Fit Holdings Limited reported pre-tax profits of £174,094,000 and a total net worth of £111,407,000. (Source: www.riskdisk.com 29/10/2013)
(3)The lease provides for the 2017 review to be calculated to the higher of the market rent or 115.9274% of the passing rent (which equates to £25,040.32 p.a.x.) The subsequent review in 2022 is to be calculated to the higher of the passing rent or the market rent.