50-54 Southgate Halifax West Yorkshire HX1 1DL

50-54 Southgate
Halifax
West Yorkshire
HX1 1DL

Freehold Retail Investment

Two Retail Units let to Overgate Hospice and TIA Greyhound and Lurcher Rescue
Town Centre Location opposite entrance to Westgate Shopping Arcade
Close to the pedestrianised Shopping Precinct and Woolshops Shopping Centre
Nearby occupiers include Santander, Halifax, William Hill, Domino’s and Caffe Nero
Potential Development Opportunities (subject to consents)

Lot
54
Auction
22nd May 2014
Rent
£38,250 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Two Retail Units let to Overgate Hospice and TIA Greyhound and Lurcher Rescue
Town Centre Location opposite entrance to Westgate Shopping Arcade
Close to the pedestrianised Shopping Precinct and Woolshops Shopping Centre
Nearby occupiers include Santander, Halifax, William Hill, Domino’s and Caffe Nero
Potential Development Opportunities (subject to consents)

Lot 54
Auction 22nd May 2014
Rent £38,250 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 9 miles south-west of Bradford, 15 miles south-west of Leeds, 30 miles north-east of Manchester
Roads: M62 (Junction 24), A629, A58
Rail: Halifax Railway Station
Air: Leeds Bradford International Airport

Situation

The property is situated within Halifax town centre on the western side of Southgate opposite an entrance to the Westgate Shopping Arcade. The property is within close proximity of the pedestrianized shopping precinct and the Woolshops Shopping Centre which houses retailers such as Topshop, Marks and Spencer, Greggs and Boots. Other nearby occupiers include Santander, Halifax, William Hill, Domino’s, Sports Direct and Caffe Nero.

Tenure

Freehold.

Location

Miles: 9 miles south-west of Bradford, 15 miles south-west of Leeds, 30 miles north-east of Manchester
Roads: M62 (Junction 24), A629, A58
Rail: Halifax Railway Station
Air: Leeds Bradford International Airport

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units, with storage accommodation on first and second floors accessed via a central staircase. Both units also benefit from basement accommodation.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises two ground floor retail units, with storage accommodation on first and second floors accessed via a central staircase. Both units also benefit from basement accommodation.

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

No	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
50	Ground First Second	Retail Storage Storage	75.80 sq m 56.95 sq m 20.44 sq m	(816 sq ft) (613 sq ft) (220 sq ft)	OVERGATE HOSPICE (1) (2)	10 years from 13/03/2007	£23,250	(12/03/2017)
54	Ground First Second	Retail Storage Storage	77.11 sq m 49.05 sq m 19.79 sq m	(830 sq ft) (528 sq ft) (213 sq ft)	TIA GREYHOUND AND LURCHER RESCUE (3)	9 years from 01/01/2010 (4)	£15,000	01/01/2016 (31/12/2018)
Totals			299.14 sq m	(3,220 sq ft)			£38,250

1) Overgate Hospice is a registered charity providing specialist palliative care for people living with a life limiting illness and currently
operate 10 shops. (Source: www.overgatehospice.org.uk 16/04/2014)
(2)The first and second floors of 50 Southgate are subject to a schedule of condition, as per the lease.
(3)TIA Greyhound and Lurcher Rescue provide the largest greyhound rescue/home finding sanctuary in the North of England offering a home to up to 100 greyhounds at any one time and operate ten charity shops (Source: www.tiagreyhounds.org 16/04/2014)
(4)The lease to TIA Greyhound and Lurcher Rescue provides a tenant option to determine on the sixth anniversary of the lease