Nisa Extra Store South Lane, Huddersfield Road Elland HX5 0HQ

Nisa Extra Store
South Lane, Huddersfield Road
Elland
HX5 0HQ

Modern Freehold Convenience Store Investment

  • Entirely let until 2035
  • Rent reviews linked to RPI annually from 2014 (minimum 2%, maximum 4%)
  • Car parking for approximately 75 cars
  • Rent subject to Note (2) below
  • On behalf of The Co-Operative
  • Lot
    23
  • Auction
    21st October 2010
  • Rent
    £85,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Supermarket
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

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

Modern Freehold Convenience Store Investment

  • Entirely let until 2035
  • Rent reviews linked to RPI annually from 2014 (minimum 2%, maximum 4%)
  • Car parking for approximately 75 cars
  • Rent subject to Note (2) below
  • On behalf of The Co-Operative
  • Lot 23
  • Auction 21st October 2010
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    Supermarket
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP

Property Information

Location
Miles
2 miles south of Halifax, 6 miles south-west of Bradford, 12 miles south-west of Leeds
Roads
M62, A629
Rail
Sowerby Bridge Rail, Halifax Rail
Air
Leeds Bradford International Airport
Situation

The property is prominently situated just off Huddersfield Road in close proximity to the town centre.

Tenure

Freehold.

Location
Miles
2 miles south of Halifax, 6 miles south-west of Bradford, 12 miles south-west of Leeds
Roads
M62, A629
Rail
Sowerby Bridge Rail, Halifax Rail
Air
Leeds Bradford International Airport
Situation

The property is prominently situated just off Huddersfield Road in close proximity to the town centre.

Tenure

Freehold.

Description

The property comprises a freestanding CONVENIENCE STORE with frontages to both Huddersfield Road and South Lane. The property benefits from a glazed frontage facing the car park with approximately 75 car parking spaces. The site has an area of approximately 0.54 hectares (1.33 acres).

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 freestanding CONVENIENCE STORE with frontages to both Huddersfield Road and South Lane. The property benefits from a glazed frontage facing the car park with approximately 75 car parking spaces. The site has an area of approximately 0.54 hectares (1.33 acres).

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 Retail

1,054 sq m
(11,346 sq ft)

LINEBUSH VI LTD
(guaranteed by Mills Group plc) (1)

25 years from 30/01/2010 until 2035 on a full repairing and insuring lease £85,000 2014 and annually thereafter (3)
Totals  
1,054 sq m

(11,346 sq ft)

    £85,000  

(1) For the year ending 31/01/2009, Mills Group Holdings plc reported a turnover of £10,294,000, pre-tax profits of £213,000 and a net worth of £1,193,000.(2) The current rent reserved is £65,000 p.a.x. Under the terms of the lease there will be a minimum rental increase to £85,000 p.a.x. on 30th January 2012. The Vendor will pay the Buyer the difference between the current rent reserved of £65,000 p.a.x. and £85,000 p.a.x. from completion of the sale until this date. As a result the property will produce an income of £85,000 p.a.x.(3) Rent reviews are linked to RPI (minimum 2% maximum 4%).

Property Documents

  • Catalogue Page
    Updated Date
    29.09.10
    File Size
    147 KB
    View PDF
  • Location
    Updated Date
    30.09.10
    File Size
    669 KB
    View PDF
  • OS Plan
    Updated Date
    30.09.10
    File Size
    669 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
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
Seller's Solicitors
Co-Operative Group Legal Department Third Floor Holyoake House
Hanover Street
Manchester
M60 0AS
+44 (0)161 834 3147
Elizabeth Morris +44 (0)161 827 6967elizabeth.morris@co-operative.coop

Useful Links

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

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