Let to J D Wetherspoon until 2032 (subject to option)
Prominent town centre location
Fixed rental uplifts every 5 years
Nearby occupiers include Iceland, Halifax, Betfred, McDonald’s, Marks & Spencer and Boots the Chemist
Rent increases to £90,934 in 2023
Lot 14
Auction 21st October 2010
Rent £69,000 per Annum Exclusive
Status Sold
Price £1,145,000
Sector Leisure
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
13 miles south of Leeds, 20 miles north-east of Doncaster, 30 miles north of Sheffield
Roads
M1, M62, A638, A642
Rail
Wakefield Kirkgate Rail
Air
Leeds Bradford Airport
Situation
The property is situated on the eastern side of the busy Kirkgate pedestrianised High Street close to the junction with Westmorland Street. Nearby occupiers include Iceland, Halifax, Betfred, McDonald’s, Marks & Spencer and Boots the Chemist.
Tenure
Freehold.
Location
Miles
13 miles south of Leeds, 20 miles north-east of Doncaster, 30 miles north of Sheffield
Roads
M1, M62, A638, A642
Rail
Wakefield Kirkgate Rail
Air
Leeds Bradford Airport
Situation
The property is situated on the eastern side of the busy Kirkgate pedestrianised High Street close to the junction with Westmorland Street. Nearby occupiers include Iceland, Halifax, Betfred, McDonald’s, Marks & Spencer and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises a PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on the first floor.
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 PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on the first floor.
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 First
Public House Ancillary
311.44 sq m 311.44 sq m
(3,352 sq ft) (3,352 sq ft)
J D WETHERSPOON PLC (1)
34 years from 24/06/1998 until 2032 on a full repairing and insuring lease (2)
£69,000 (3)
5 yearly
Totals
622.88 sq m
(6,704 sq ft)
£69,000
(1) For the year ending 26th July 2009 J D Wetherspoon plc reported a turnover of £955,119,000, pre-tax profits of £45,029,000 and a total net worth of £162,835,000. (Source: www.riskdisk.com 20/09/2010) Over the past 30 years, J D Wetherspoon has won hundreds of national and regional awards,acknowledging excellence in all aspects of the business. (Source: www.jdwetherspoon.co.uk)(2) The lease provides for a tenant’s option to determine the lease on the 30th anniversary of the term on giving at least six months’ written notice.(3) There are fixed rental uplifts in the lease to £78,690 p.a.x. in 2013, £84,592 p.a.x. in 2018 and £90,934 p.a.x. in 2023.
