Tenants include Partners The Stationers (t/a Rymans)
Comprises two prominent retail units
Town centre location
Close to the Kingsgate and Piazza Shopping Centres
Nearby occupiers include Marks & Spencer, McDonald’s, Boots The Chemist and Nando’s
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 15
Auction 7th July 2016
Rent £122,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Joint LPA Receivers Savills
Property Information
Location
Miles
15 miles south-west of Leeds, 25 miles north-east of Manchester, 26 miles north-west of Sheffield
Roads
A62, A629, A640, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated in a prominent and busy town centre location at the corner of New Street and Market Place. Nearby occupiers include Marks & Spencer, McDonald’s, Boots The Chemist and Nando’s.
Tenure
Virtual Freehold. Held for a term of 999 years from 25/03/1874 at a rent of £90 per annum.
Location
Miles
15 miles south-west of Leeds, 25 miles north-east of Manchester, 26 miles north-west of Sheffield
Roads
A62, A629, A640, M62 (Junctions 23/24)
Rail
Huddersfield Railway Station
Air
Leeds Bradford Airport
Situation
The property is situated in a prominent and busy town centre location at the corner of New Street and Market Place. Nearby occupiers include Marks & Spencer, McDonald’s, Boots The Chemist and Nando’s.
Tenure
Virtual Freehold. Held for a term of 999 years from 25/03/1874 at a rent of £90 per annum.
Description
The property comprises two retail units with retail accommodation on the ground floor and retail and ancillary accommodation in the basement. 1 New Street benefits from a return frontage on to Market Place. The upper two floors are self-contained, with a separate access between the two retail units, and are used as retail and a dance studio.
VAT
VAT is applicable to this lot.
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.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two retail units with retail accommodation on the ground floor and retail and ancillary accommodation in the basement. 1 New Street benefits from a return frontage on to Market Place. The upper two floors are self-contained, with a separate access between the two retail units, and are used as retail and a dance studio.
VAT
VAT is applicable to this lot.
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.
Completion Period
Six Week Completion
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
Review/ (Reversion)
1
Ground Basement
Retail Retail/Ancillary
94.33 sq m 54.31 sq m
(1,015 sq ft) (585 sq ft)
INDIVIDUAL (t/a Rico)
25 years from 25/11/2003 on a full repairing and insuring lease
PARTNERS THE STATIONERS LIMITED (t/a Rymans) (1) (2)
15 years from 08/10/2002 on a full repairing and insuring lease
£72,500
(07/10/2017)
Totals
635.93 sq m
(6,845 sq ft)
£122,000
(1) Ryman Limited is the parent company of Partners The Stationers Limited. For the year ending 28th March 2015, Ryman Limited reported a turnover of £131,005,000, pre-tax profits of £7,918,000 and a total net worth of £44,489,000 (Source: www.riskdisk.com 09/06/2016). Ryman operates from over 200 stores nationwide (Source: www.ryman.co.uk). (2) The first and second floor has been sublet.
